CBN Bows To Pressures, Reviews Cash Withdrawal Limits

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Nigerians in Diaspora can now travel home with their foreign passports as FG launches a new visa policy.

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Hushpuppi gets New Jersey home to spend jail terms

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  The Executive Governor of Osun State, Senator Ademola Adeleke has described the judgement of the governorship tribunal as “a miscarriage of justice”, vowing to challenge the ruling at the Court of Appeal.   The Election Petitions Tribunal hearing the All Progressives Congress’ Adegboyega Oyetola’s petition against the victory of the Peoples Democratic Party’s Ademola …

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The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been accused of granting scandalous loans to some ‘powerful’ Nigerians, with each of them getting a minimum of about N2 billion. A member of the House of Representatives for Yankwashi/Roni/Gwiwa/Kazaure Federal Constituency, Gudaji Kazaure, dropped the bombshell in a viral video, claiming he …

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  Nigeria’s ruling party, the All Progressives Congress (APC), has asked the Economic and Financial Crimes Commission (EFCC) to arrest the presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, over corruption allegations. The campaign also issued a 72-hour ultimatum to the EFCC, the Independent Corrupt Practices and other related Offences Commission (ICPC), and the Conduct …

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Veteran Nollywood actor, Femi Ogunrombi, who was a stand-in character for Papa Ajasco in the popular 1996 Sitcom is dead.   Meanwhile, Veteran Nollywood actor, Richard Abiodun Ayoyinka, also known as Papa Ajasco, has debunked reports claiming he is dead. Richard Ayoyinka is the first known as Papa Ajasco.     The confusion has it …

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A team of four researchers from the Ladoke Akintola University of Technology (LAUTECH), Ogbomoso in Oyo State, have won N89.1 million as a research grant from the Tertiary Education Trust Fund (TETFund), under the 2021 TETFund National Research Fund (NRF) Intervention. The Principal Assistant Registrar, Public and Alumni Relations, LAUTECH, Olalekan Fadeyi, made this known …

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Fire has gutted a section of Araromi spare parts market in Ibadan, the Oyo State capital Reports have it that the fire started early this morning in one of the shops before spreading to other parts of the market We understand that the market is one of the major markets in Ibadan, the Oyo State …

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WASHINGTON, Jan. 10, 2023  Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report. Given fragile economic conditions, any new adverse development—such as higher-than-expected inflation, abrupt rises in interest rates to contain it, …

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Virgin Orbit’s modified Boeing 747 jet — dubbed “Cosmic Girl” — took off Monday from Newquay in England’s Cornwall county, 245 miles west of London, in a first launch for the country from UK soil. But nearly two hours after the plane left the ground, Virgin Orbit revealed the launch was a failure. Richard Branson’s Virgin …

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Nigeria’s external reserves fell by $3.43bn in 2022, according to figures obtained from the Central Bank of Nigeria. The CBN disclosed in its movement on external reserves figures that the reserves which stood at $40.52bn as of the end of December 31, 2021, ended December 29, 2022 at $37.09bn. At the last Monetary Policy Committee …

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A United Kingdom-based Nigerian, Taiwo Balogun, 53, who went missing on Thursday, December 1, 2022, has been found dead in a lake in Kent. Balogun from Crayford was last seen near her home in southeast London four weeks ago. Her body was found in a lake at Bluewater shopping centre in hunt for “vulnerable” missing …

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The National Assembly has again allocated N850m for Constitution Amendment in the 2023 Budget. The National Assembly had recently raised the 2023 Budget by N1.3tn from the N20.5tn proposed by the President, Major General Muhammadu Buhari (retd.), in October 2022. The constitution amendment process has faced several delays at the parliament and the Speaker of …

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  .…Says it’s an appointment based on trust and competence. A renowned constitutional lawyer and former National Secretary of the Labour Party, Dr. Kayode Ajulo, has said that no law in the constitution of the Federal Republic of Nigeria give directive on how to appoint the Director-General of a political campaign. The lawyer made this …

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Following pressure from Nigerians, the Central Bank of Nigeria (CBN) has reviewed cash withdrawal limits it issued earlier. A circular issued by Haruna Mustafa, Director of Banking Supervision says the CBN has consequently makes the following reviews: The maximum cash weekly limit for cash withdrawal across all channels by individuals is now N500, 000 while …

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Retired footballers and ex-Nigeria internationals who once plied their trades in Oyo town under Gaskiya FC, Atiba FC, Sharp Shooters FC, Unity FC, Water Oyo FC, Adeyemi FC, Ajisafe FC, Ramblers FC and NEPA Oyo FC have announced plans to stage a football fiesta aimed at reuniting the retired footballers, home and diaspora. The One …

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  The Federal Government has commenced the implementation of this New Visa Policy *(NVP), according to the Minister of Interior, Engr. Rauf Aregbesola. Aregbesola tweeted on Friday that with the new policy, *Nigerians with dual citizenship,* _would no longer require visas to visit Nigeria_ if they decided to travel home with their foreign passports. “The …

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