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CBN Removes Cash Deposit Limit for Bank Customers in Nigeria

04.12.2025
The Central Bank of Nigeria has removed all cash-deposit limits for bank customers while maintaining strict weekly withdrawal ceilings under a revised set of cash-related policies that take effect on January 1, 2026. The changes were announced in a circular issued on Tuesday and signed by the Director, Financial Policy and Regulation Department, Dr Rita...
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Shippers Decry Bottlenecks and Levies at Lagos Ports

04.12.2025
The Shippers Association of Lagos State has cited multiple levies, illegal checkpoints, arbitrary container stoppages, extensive delays, bureaucratic processes and a system that penalises compliant importers and exporters as part of the challenges impeding trade at the Lagos ports. The President of SALS, Nicodemus Odolo, stated this on Wednesday while speaking during the 2025 Shippers’...
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Eto pursues integration with single window platform for port

04.12.2025
The management of Truck Transit Parks, operators of the Electronic Call-Up System code-named ‘Eto’, has said it has started engaging relevant agencies to integrate the platform into the National Single Window, which the Federal Government plans to launch next year. The co-founder and Chief Executive Officer of TTP, Mr. Jama Onwubuariri, gave this hint recently...
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Nigeria vies for Africa’s top student enterprise prize

04.12.2025
Nigeria and seven other African countries are competing for the continent’s biggest student enterprise prize as Junior Achievement Africa opens the 15th edition of its Company of the Year competition in Abuja. The event, which runs from 3 to 5 December 2025, brings together top student-run firms for a chance to represent Africa at the...
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Nigeria emerges as a key hub for French investment

04.12.2025
French companies are stepping up engagement with Nigeria, targeting key sectors including finance, technology, and agriculture, the Consul General of France in Lagos, Laurent Favier, said. Speaking at the recent 2025 French Week business forum in Lagos, organised by the Franco-Nigeria Chamber of Commerce and Industry, Favier stressed the importance of moving beyond dialogue to...
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ITF Renews Plans for Worker Empowerment in Nigeria

04.12.2025
The Industrial Training Fund has renewed its pledge to equip Nigeria’s technical workforce with skills relevant to modern industry, a move aimed at tackling the country’s persistent youth unemployment and widening digital skills gap. The initiative forms part of the Federal Government’s Renewed Hope Agenda. During a recent visit to the Lanre Shittu Motor Assembly...
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FG, Boeing to build aircraft maintenance facility in Nigeria

04.12.2025
President Bola Tinubu has announced a landmark partnership between the Federal Government, global aircraft manufacturer Boeing, and the UK-based Cranfield University to establish a world-class Maintenance, Repair, and Overhaul facility in Nigeria. When completed, the project is expected to cut airline maintenance costs by over $200m annually, a figure currently lost to overseas servicing. Tinubu,...
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CBN announces new withdrawal limit & removes deposit cap

04.12.2025
The Central Bank of Nigeria has announced a comprehensive revision of cash-related policies, introducing new nationwide withdrawal limits and scrapping the cumulative deposit cap for bank customers. In the circular signed by the Director, Financial Policy & Regulation Department, Dr. Rita I. Sike, on December 2nd, 2025, the apex bank said the policy overhaul was...
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Local Flight Prices in Nigeria Surge for Yuletide Season

04.12.2025
One-way airfare on some domestic routes has jumped by about 150 per cent, crossing N300,000, as travellers now experience an astronomical rise in air ticket rates due to the high passenger volume associated with the Yuletide, among others. Checks by The PUNCH showed that the hike in airfares was particularly on the South-South and South-East...
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Asian markets rise ahead of key US jobs & inflation data

04.12.2025
Asian markets mostly rose on Wednesday following a resumption of Wall Street’s rally, but gains were muted as investors await the last tranche of US data before next week’s Federal Reserve meeting. With a third successive interest rate cut already priced in, trading has softened ahead of key indicators this week that could still play...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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