The Central Bank of Nigeria has updated its cash withdrawal regulations, ending the special authorisation that allowed individuals to withdraw N5 million and corporates N10 million once per month, starting January 2026. In a circular issued Tuesday, December 2, 2025, and signed by the Director of the Financial Policy & Regulation Department, Dr. Rita I. […]
Committees of the United States Congress on Tuesday in Washington DC held a joint briefing over the ongoing kidnappings and the alleged persecution of Christians in Nigeria. The session was held at the instance of President Donald Trump, who earlier on October 31 instructed the House Appropriations Committee to investigate what he described as the […]
The Peoples Democratic Party (PDP) said it has issued certificate of expulsion from the party to the Minister of the Federal Capital Territory, Nyesom Wike, and other 10 members earlier expelled from the party. The party National Chairman, Tanimu Turaki, disclosed this while speaking with newsmen after the PDP National Working Committee (NWC) meeting in […]
The sudden resignation of the Minister of Defence, Mohammed Badaru Abubakar, may signal further exits from the Federal Executive Council in the coming weeks. Badaru’s exit on Monday has already intensified speculation about an imminent cabinet shake-up. Although it is not for anyone to predetermine the President’s next move, strong indications suggest that more ministers […]
President Bola Tinubu met on Tuesday with Abia State Governor Alex Otti at the Presidential Villa in Abuja amid efforts aimed at securing the release of Nnamdi Kanu, the detained leader of the banned Indigenous People of Biafra (IPOB). The meeting followed closely on the heels of Governor Otti’s recent visit to Kanu at a […]
Former President Goodluck Jonathan on Saturday met with President Bola Tinubu at the Presidential Villa, Abuja, where he briefed the President on the situation in Guinea-Bissau. Recall that the former President was in the West African country as the head of the Economic Community of West African States (ECOWAS) election monitoring team when military officers […]
The Nigerian National Petroleum Company Limited is burdened with crude-backed loan obligations estimated at N8.07tn, according to an analysis of its 2024 financial statements and capital-commitment disclosures. The liabilities stretch across multiple forward-sale and project-financing arrangements that are expected to be serviced through substantial crude oil and gas deliveries. The commitments have become a major […]
The Federal Government has reportedly proposed a 40 per cent salary increase for lecturers under the Academic Staff Union of Universities, sources familiar with the development told our correspondent in Abuja. The proposal comes as ASUU leadership prepares to return to the negotiation table with the Federal Government delegation headed by Yayale Ahmed. The union’s […]
The Nigerian Army has successfully rescued 12 teenage girls abducted by Boko Haram/ISWAP terrorists in Mussa District of Askira/Uba Local Government Area. The victims, aged between 15 and 20, were kidnapped on 23 November while harvesting crops on their family farms. They were freed on Saturday, 29 November, following a swift, intelligence-led operation by troops […]
The Presidency has dismissed recent comments credited to former President Olusegun Obasanjo, suggesting that Nigeria should seek foreign governments to help stabilise its internal security, describing the position as “ignoble, misleading, and unbecoming of a former leader who failed to act when terrorism first took root.” In a strongly worded response issued on X by […]
