General News

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CBN sets limit to cash withdrawals per week

Lagos, Dec. 6, 2022 – The Central Bank of Nigeria (CBN) today introduced a new policy limiting over-the-counter cash withdrawals per week. The CBN has directed banks and other financial institutions to ensure that over-the-counter cash withdrawals by individuals and corporate entities should not exceed N100, 000 and N500, 000, respectively, per week. The cash withdrawal limits is contained in a circular issued today by the apex bank will take effect nationwide on January 9, 2023. The new policy is coming barely weeks after President Muhammadu Buhari launched the newly …

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Kano Hisbah intercepts truck with 18,000 bottles of beer

Kano, Dec. 6, 2022 – Kano State Hisbah Board has intercepted a vehicle loaded with over 18,000 bottles of assorted beer in Gwarzo Local Government Area of the state. Sheikh Harun Sina, the Commander General of the Board, told newsmen in Kano on Tuesday that the truck was intercepted on Monday along Gwarzo road on its way to Kano. Jamilu Yakasai, the head of anti-intoxicants unit, said the vehicle was intercepted following a tip-off by a good samaritan on its way to Kano through Gwarzo Local Government Area. He said …

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Buhari sends 2 CBN nominees to NASS for screening, approval

Abuja, Dec. 6, 2022 – President Muhammadu Buhari has written to the Senate to seek the screening and subsequent confirmation of a former Central Bank of Nigeria (CBN) Director of Human Resources, Edward Adamu, for the position of a Deputy Governor of the CBN. According to the letter, read on Tuesday during plenary by the President of the Senate, Ahmad Lawan, the nomination of Adamu is for the second and last time in office. The President has also written to the Senate, asking for the screening and confirmation of the CBN Deputy …

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Airlines to return to profitability in 2023 – IATA

GENEVA, Dec. 6, 2022 (Reuters/GBN) – The airline industry will become profitable again next year for the first time since 2019 as a snapback in air travel continues following nearly two years of COVID-19 restrictions, an industry association said on Tuesday. Airlines lost tens of billions of dollars in 2020 and 2021 due to the pandemic but air travel has partially recovered and some airports have struggled to cope. The International Air Transport Association (IATA) now expects a net profit of $4.7 billion for the industry next year, with more …

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CONUA threatens legal action over non-payment of members’ salaries

Lagos, Dec. 6, 2022 – The Congress of University Academics (CONUA) has threatened to take legal action against the federal government over non-payment of its members’ salaries. The union expressed its disappointment with the Federal Government, particularly the Minister of Labour and Employment, Dr Chris Ngige, over non-payment of its members’ salaries when government knew that the union did not call for strike and its members were not involved in the strike that lasted for eight months. CONUA said this in a statement on Tuesday which was signed by its …

General News Politics

I have no regrets thanking President Buhari over 13% derivation refund – Wike

Port Harcourt, Dec. 5, 2022 – Gov. Nyesom Wike of Rivers State says he has no apologies for thanking President Muhammadu Buhari over the release of oil derivation fund to the Niger Delta States. Wike spoke at the conferment of awards on 162 Nigerians for their achievements, influential lives and services to the advancement of Rivers State and the nation. This was disclosed in a statement issued on Sunday which was signed by Kelvin Ebiri, Governor Wike’s Personal Assistant on Media. “Because I said ‘Buhari, thank you,’ I am having …

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Buhari mourns Olumakaiye, Anglican Archbishop of Lagos

Lagos, Dec.5, 2022 – President Muhammadu Buhari has condoled with the Olumakaiye family, the Anglican Communion and Christendom over the passing of The Most Rev. Dr Humphrey Olumakaiye, the Archbishop of Lagos, aged 53. The President, in a statement by his media aide, Femi Adesina, lauded Olumakaiye’s commitment to the things of God, and work of the Kingdom, having been admitted into Immanuel College of Theology, Ibadan in 1988, where he obtained Diploma in Religious Studies and Diploma in Theology in 1991 with distinctions. Between 1991 and 1993, he obtained …

General News Politics

FG refunds N625.43bn to oil producing states

Abuja, Dec. 2, 2022 – Nine oil-producing states in the country received N625.43 billion made up of 13 percent oil derivation, subsidy and SURE-P refunds from the Federation Account in two years. Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, said this today in a statement in Abuja. He listed the nine beneficiary states as Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers. The statement said that N1.1 trillion was still outstanding. Sheu promised that the Buhari administration would continue to render …

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NANS declares nationwide protest over student’s tweet

Lagos, Dec. 2, 2022 – The National Association of Nigerian Students (NAN) has declared nationwide protest to demand the release of Aminu Mohammed, a student of a federal university in Dutse, Jigawa State, who was arrested and sent to prison over a tweet on Aisha Buhari, wife of the President Muhammadu Buhari. NANS President, Usman Barambu,  said in a statement on Thursday that the protest, which would commence on Monday, would be indefinite until Mohammed regained freedom. NANS had earlier apologised to the wife of the president, while also calling for …

General News Politics

Budget Padding: “we are waiting for formal response from ministry of finance” – Farouq

Abuja, Dec. 2, 2022 – Hajia Sadiya Farouq, the Minister of Humanitarian Affairs, says her ministry is still waiting for a formal response from  the Ministry of Finance on the N206 billion meant for security weapons found in her ministry’s budget. She said had written to seek clarification on the issue and was waiting for response from the ministry of finance, budget and national planning. Farouq, who appeared before the Senate Committee on Special Duties on Thursday, said she did not allege that the finance minister padded the budget, but she …