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CBN Announces Stricter Cash Withdrawal Rules Ahead of 2026: What Nigerians Must Know

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As Nigeria gradually transitions toward a fully cash-lite economy , the Central Bank of Nigeria (CBN) has unveiled a new set of cash-withdrawal policies that will officially take effect from January 1, 2026 . These fresh rules mark one of the most significant adjustments to Nigeria’s financial landscape in recent years, and they are designed to reduce the cost of cash handling, curb money-laundering, strengthen security, and encourage the use of digital payment platforms . For many individuals, small business owners, corporate organisations, and rural communities that rely heavily on cash transactions, these new withdrawal limits will have a noticeable impact. Here’s a full breakdown of what the new policy means, how it works, and why the CBN believes it is necessary. A New Withdrawal Structure for 2026 Under the new rules, the maximum cash individuals will be allowed to withdraw across all channels— ATM , POS , and over-the-counter (OTC) transactions—is ₦500,000 per week . For cor...
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Nnamdi Kanu Explains Why Sokoto Prison Is Not Suitable for His Detention

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In a new twist to the ongoing legal battle between the leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, and the Federal Government, the detained Biafra agitator has raised strong objections to the Federal Government’s move to transfer him from the Department of State Services ( DSS ) custody in Abuja to a correctional facility in Sokoto State . Kanu, through his legal team, has insisted that Sokoto Prison is not suitable for his detention , citing serious concerns bordering on safety, access to medical care, political tension, and the high level of hostility that he believes could endanger his life. The development has generated widespread discussions across Nigeria, especially within the Southeast , where his supporters view the proposed transfer as not only unnecessary but also a potential violation of his fundamental rights. Why Kanu Says Sokoto Prison Is Not Suitable According to statements from his lawyers and close associates, Nnamdi Kanu outlined several...
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Bola Tinubu’s Government Approves ₦185 Billion Gas-Debt Payment

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Power & Energy: A Big Push to Fix the Lightsaber  It’s no secret that Nigeria has long struggled with unreliable electricity. For decades, many homes and businesses have had to rely on generators , in part because debt cascades in the power and gas sector made sustained generation difficult. That may finally be shifting: the federal government has approved a payment of ₦185 billion to settle long-standing debts owed to gas producers — a move aimed at reviving gas supply and, by extension, stabilising electricity generation nationwide.  This payment will be implemented via a “royalty-offset arrangement,” as endorsed by the National Economic Council (NEC).  It’s part of a broader government strategy to overhaul the entire gas-to-power chain: the goal is to nearly double Nigeria’s gas output to 12 billion cubic feet per day by 2030.  Why does it matter? Because past delays in paying gas suppliers created cash-flow problems, discouraged investment, and limited gas ...
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CBN Tightens Cash-Withdrawal Limits as Nigeria Accelerates Shift Toward a Cashless Economy

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In a major move that has sparked nationwide debate, the Central Bank of Nigeria (CBN) has introduced new and stricter cash-withdrawal limits for individuals and corporate organisations. Under the updated policy, individuals will now be restricted to withdrawing ₦500,000 per week , while corporate entities will be allowed a maximum of ₦5 million weekly . The announcement comes as part of the apex bank’s ongoing effort to strengthen financial transparency , curb the circulation of illicit funds, and push the country further toward a fully digital and cashless financial ecosystem . As expected, the policy has generated mixed reactions from citizens, financial experts, business owners, and political commentators across the country. Aiming for a Safer and More Transparent Financial System According to the CBN, the new limits were introduced aft iiier careful assessment of the risks associated with high-volume cash transactions. For years, Nigeria has struggled with challenges related t...
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Cubana Chief Priest’s Alleged Baby Mama Issues ‘Last Warning’ Over Son’s School Fees

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The drama surrounding nightlife mogul and social media personality, Cubana Chief Priest , has taken another heated turn as his alleged Kenyan baby mama, Hellen Ati , issues what she describes as a “last warning” over school fees for the child she claims he fathered. The controversy, which has lingered for almost three years, has once again ignited conversations across social media, reopening debates about celebrity responsibility , paternity disputes , and the emotional toll such conflicts take on children. In a fiery Instagram outburst, Hellen declared that she would no longer remain silent. According to her, January is the deadline for Cubana Chief Priest to show up and pay the school fees of the child she insists belongs to him. The outburst wasn’t mild; it was accompanied by strong words, mockery, and frustration, clearly showing a woman who feels pushed to the wall. She criticized his appearance, lifestyle, and priorities, accusing him of displaying wealth publicly while allege...
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Na Everyday You Go Dey Shout for Me?” – Old Video of Natasha Osawaru Confronting 2Baba Idibia Resurfaces Online

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An old video capturing a heated moment between music legend 2Baba Idibia and his politician partner Hon. Natasha Osawaru has resurfaced online, sparking fresh online debates and reactions from fans across Nigeria and beyond. The clip, which appears to have been recorded in a shopping store abroad, has quickly gone viral as many Nigerians recall the couple’s rocky public journey over the past year. The resurfaced footage shows Natasha, a serving federal lawmaker from Edo State , visibly upset as she confronts 2Baba over what she believed was unnecessary attention from a female promoter. In the video, Natasha raises her voice, saying, “Na everyday you go dey shout for me?” while accusing the woman of trying to get too close to her man. Although it is unclear what sparked the argument before the camera started rolling, the exchange appeared tense. On social media, observers claim the disagreement began after Natasha allegedly accused her husband of entertaining advances from the p...
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Rita Edochie Seen Happily Chatting With Yul and Linc Edochie After Previously Calling Out the Women in Their Lives

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In a surprising yet heart-warming twist, the Edochie family has once again found itself at the center of social media conversations—this time, for a more positive reason. A viral video surfaced showing veteran actress Rita Edochie warmly interacting with Yul Edochie and his elder brother Linc Edochie at a family event, despite her previously outspoken criticisms of certain women connected to the brothers. The video, which has circulated across multiple platforms, has sparked widespread reactions, with many Nigerians calling it a moment of reconciliation and unexpected unity. The reunion took place at a family gathering reportedly held in Nteje, Anambra State , where the family converged to honour a late aunt. The setting was calm, and the atmosphere exuded the warmth typical of an Igbo extended family coming together—no matter their differences. A Moment of Family Warmth In the clip, Rita Edochie is seen chatting freely, laughing, and exchanging casual banter with both Yul and Lin...
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Tinubu Orders Total Overhaul of Nigeria’s Security Architecture: What It Means for the Nation

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Nigeria is once again at a crucial crossroads as President Bola Ahmed Tinubu orders a total overhaul of the nation’s security architecture —a bold directive aimed at confronting the escalating wave of banditry , terrorism , kidnapping and organised crime undermining national stability. This move, described by the Presidency as a security emergency , signals a potentially historic shift in Nigeria’s approach to internal security management . But what exactly does this overhaul entail, and can it bring the lasting peace citizens desperately crave? A Nation Under Siege Nigeria has battled layers of insecurity for over a decade, but recent months have witnessed sharp rises in coordinated kidnappings, rural bandit attacks, deadly ambushes, and mass abductions. From highway attacks in the North-West to renewed insurgent activities in the North-East and kidnappings in the South , insecurity has grown increasingly complex and unpredictable. This deteriorating situation triggered wides...
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My Father Discovered Banana Island” – Kiddwaya Makes Bold Claim on Podcast

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Nigerian reality TV star Kiddwaya has once again stirred up public conversation after confidently stating that his father, billionaire businessman Terry Waya , “discovered” Banana Island — the luxurious, high-value estate in Ikoyi, Lagos . The claim, which he made during an appearance on the podcast Off The Record , has reignited a long-standing debate about the true origins of one of Nigeria’s most expensive neighbourhoods. During the podcast, Kiddwaya was asked directly whether it was true that his father discovered the iconic island. Without hesitation, he replied that he had heard the story during one of his trips and only recently learned the full details. His calm but firm confirmation immediately sparked discussions across social media, with many Nigerians revisiting old interviews, archived claims and historical accounts linked to the development of Banana Island. The conversation speaks to something bigger than celebrity gossip; it touches on the very foundation and hist...
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“Powering Nigeria’s Future: How Gas Investments Are Cutting Costs and Driving Growth”

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Nigeria is embarking on a bold journey to transform its energy landscape, and at the heart of this transformation is the Midstream and Downstream Gas Infrastructure Fund (MDGIF) . Established under the Petroleum Industry Act (PIA) of 2021 , the MDGIF is now one of the most ambitious initiatives in Africa’s energy sector, designed to drive investment in gas infrastructure, reduce harmful gas flaring, and make energy more affordable for everyday Nigerians. Over the past year, the MDGIF has moved from a concept on paper to a funding powerhouse, supporting over 16 companies to develop gas-related projects that could reshape how Nigeria produces, transports, and uses energy. With a clear focus on infrastructure development, this initiative promises not only to reduce the country’s dependence on petrol but also to boost economic growth, create jobs, and cut energy costs for millions. A Vision Backed by Investment Gas is increasingly seen as the future of energy in Nigeria. The country h...
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Title: MultiChoice Nigeria Fined ₦766 Million for Data Privacy Violations

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MultiChoice Nigeria , the popular entertainment and satellite television service provider, has been slammed with a hefty fine of ₦766 million by the Nigeria Data Protection Commission (NDPC) over violations of the country's Data Protection Act . The development marks a major move by Nigerian authorities to uphold data privacy and ensure organizations are held accountable for mishandling personal data. The NDPC’s investigation revealed that MultiChoice was involved in what it described as " intrusive data processing " practices. These included collecting and handling the personal data of both subscribers and non-subscribers without proper consent. Furthermore, the commission found evidence that MultiChoice engaged in cross-border transfers of Nigerian citizens’ data without complying with legal protocols. According to the NDPC, these actions were in violation of Section 37 of the 1999 Nigerian Constitution and the Nigeria Data Protection Act 2023 . The probe, which ...
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Nigerian blogger Olufunke 'Angels Empire' Afeh is set to appear in court on April 8 following her recent arrest and detention in connection with allegations of cyberstalking and harassment.

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Legal troubles are on the horizon for blogger and philanthropist Olufunke Afeh , famously known as Angels Empire . Her forthcoming arraignment at the Federal High Court in Lagos on April 8 has garnered public interest regarding the details of her arrest, extended detention, and eventual release on bail. On February 19, 2025, SaharaReporters brought to light that the police had leveled 11 charges against Afeh, accusing her of various offenses, including cyberstalking and harassment of multiple individuals, notably Mr. Obidi Anthony and his daughters, Nancy Ume and Korra Obidi . The Angels Empire Foundation reported that Afeh was taken into custody on February 6, 2025, in Abuja . She had responded to a deceptive phone call from the Nigerian Police , which involved a false allegation of phone theft.  Once at the police station, Afeh was swiftly detained at the Force Criminal Investigation Department (CID) in Abuja, where she was denied access to legal representation, and her mobil...
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