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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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Deutsche Bank Eyes Funding for Lagos Bridges Rehabilitation

04.12.2025
Deutsche Bank has expressed interest in funding major rehabilitation and replacement works on two of Lagos’ most critical bridges, the Carter Bridge and the Third Mainland Bridge, as the Federal Government intensifies its push to attract private capital for large-scale road infrastructure projects. The bank’s delegation, led by its Managing Director and Global Co-Head of...
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African leaders call for a shift in corporate leadership

04.12.2025
Some African business leaders have called for a shift in corporate leadership to drive the continent’s sustainable economic transformation and made a case for a move from resource extraction to leadership development.  This call was made at the Africa Business Leaders and Executives Conference 2025, held recently in Lagos. In her opening address, the founder...
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BusyBee Summit Partners with Sofitel Cotonou for Growth

04.12.2025
December 3, 2025 2:35 am The convener of BusyBee Event Business Summit, Bisi Sotunde. Photo: LinkedIn The BusyBee Event Business Summit has entered an international partnership with Sofitel Cotonou Marina Hotel & Spa, marking a major step in its bid to expand regional collaborations and strengthen West Africa’s events and hospitality ecosystem. Announcing the partnership...
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Tech Derby Connects African Founders with UK Students

04.12.2025
Tech Derby, a community-led initiative fostering UK–Africa innovation partnerships, continues to strengthen ties between African founders, technologists, and UK students through its programmes at the University of Derby’s Game Changer Labs. The initiative said in a statement on Tuesday that it positions academic institutions as neutral spaces where industry players, policymakers, and grassroots innovators can...
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Automation inefficiencies cost manufacturers millions: Repor

03.12.2025
Manufacturers worldwide are losing as much as 7.5 per cent of their annual revenue to inefficiencies linked to closed, hardware-driven industrial automation systems, Schneider Electric said in a new report. The study, released on Tuesday and conducted with research firm Omdia, found that mid-sized manufacturers, those generating between $500m and $1bn, lose an average of...
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FG Orders MDAs to Prioritise Local Content in Nigeria

03.12.2025
The Federal Government on Tuesday announced a plan to enforce local content across Nigeria’s non-oil economy, directing Ministries, Departments, and Agencies to prioritise indigenous companies, homegrown technologies, and locally sourced materials in all science and engineering-related projects. The Minister of Innovation, Science and Technology, Kingsley Udeh, issued the directive in Abuja during the official presentation...
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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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