CBN Abolishes Deposit Restrictions, Lifts Weekly Cash Withdrawal Ceiling
The Central Bank of Nigeria (CBN) on Tuesday announced the removal of limits on cash deposits and increased the weekly cash withdrawal threshold across all channels to N500,000, up from the previous N100,000 for individuals. Corporate customers now have a weekly limit of N5 million.
Following Assembly Attack, Fubara Orders Recall of 1,000 Teachers
Rivers State Governor, Siminalayi Fubara, has approved the recall and revalidation of 1,000 teachers earlier recruited in 2023, in a move aimed at addressing the growing manpower shortage across public schools in the state.
Strike: ASUU, Federal Government Reach Agreement on University Funding, Autonomy and Salaries
The Academic Staff Union of Universities (ASUU) has released a detailed update on the renegotiation of the 2009 FGN/ASUU Agreement, announcing major progress in areas of university funding, autonomy, governance reforms, staff welfare and salary structure.
Senate Reconstitutes Security, Air Force and National Planning Committees
The Senate on Tuesday announced a major reconstitution of several standing committees, particularly those connected to national security, defence, livestock management and national planning. The changes come amid renewed security concerns across the country and follow an earlier commitment by Senate leadership to strengthen legislative oversight.
Contractors Besiege Finance Ministry, Shut Operations Over Unpaid N500bn Debt
Activities at the Federal Ministry of Finance headquarters were crippled on Monday as members of the Indigenous Contractors Association of Nigeria (ICAN) barricaded the main entrance in protest over the Federal Government’s prolonged failure to pay outstanding debts for completed projects.
CPPE Warns Soft Drinks Tax Hike Could Harm Economy
The Centre for the Promotion of Private Enterprise (CPPE) has urged the Senate Committee on Finance to abandon its proposal to increase excise duties on non-alcoholic beverages, warning that the measure could harm Nigeria’s fragile economic recovery.
Dangote Says Nigeria Has Capacity to Meet Fuel Demand, Should Stop Importing
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has criticized international oil companies for their crude supply practices, insisting that Nigeria has no reason to import crude or refined petroleum products if existing laws are properly enforced.
Fayose, Obahiagbon Claim They Are No Longer Owners of 1,095 Revoked Plots in Abuja
The Federal Capital Territory Administration (FCTA) has announced the revocation of 1,095 property titles belonging to individuals and organizations across Abuja for failing to pay statutory land charges.
Resident Doctors Threaten to Resume Strike Action
The Nigerian Association of Resident Doctors (NARD) has issued a fresh warning that it may resume strike action across federal and state hospitals if the government fails to meet their pending demands.
Defence Minister Abubakar Badaru Resigns from Office
Abubakar Badaru, the Minister of Defence, has officially resigned from his position, the Ministry confirmed on Monday.
