Featured post

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

Image
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...

Be cautious of traveling to Australia, FG alerts Nigerians



The Federal Government, through the Ministry Of Foreign Affairs, has cautioned Nigerians wanting to venture out to Australia to be careful about the overall security circumstance in certain urban areas of the country.

This was contained in a proclamation by the acting spokesperson of the Ministry Of Foreign Affairs, Kimiebi Imomotimi Ebienfa, on Tuesday in Abuja.

The assertion said the admonition became basic because of announced instances of separation, badgering and boisterous attack designated at outsiders.

As per the assertion, while Australia is for the most part known for its multiculturalism and resistance, occurrences of Islamophobia and discrimination against Jews have happened as of late in specific regions.

It expressed that toward the beginning of December 2024, an upsetting occurrence happened in the Sydney suburb of Woollahra, where a vehicle was set on fire and hostile to Israel spray painting was splashed on neighboring structures.

It added that the occasion was essential for a more extensive expansion in both racist and Islamophobic occurrences in Australia, corresponding with global contentions and strains.

The assertion subsequently informed Nigerians to be careful with respect to the predominant social and social elements to guarantee their security and solace, suggesting additional cautiousness and fundamental safety measures.

“Nigerian travellers and residents of Australia who experience or witness any form of racist attack or harassment should contact the High Commission of Nigeria at 26 Guilfoyle St, Yarralumla ACT 2600, Canberra, Australia,” the statement added.

The Australian government prior on Tuesday approached its residents to reexamine the need to go on an outing to Nigeria.

An assertion by the Australian Department Of Foreign and trade, DFAT, on Tuesday referred to an unpredictable security climate set apart by illegal intimidation, grabbing, and the possible episode of common distress as purposes behind the counsel.

The Australian government prior on Tuesday approached its residents to rethink the need to go on an outing to Nigeria.

An assertion by the Australian Department of Foreign and trade, DFAT, on Tuesday referred to an unstable security climate set apart by psychological warfare, hijacking, and the possible episode of common distress as purposes behind the exhortation.

“Reconsider your need to travel to Nigeria overall due to the volatile security situation and threat of terrorism, kidnapping, violent crime, and the risk of civil unrest.

“There’s a high risk of terrorist attacks across Nigeria by various militant groups. Attacks could be indiscriminate or may target foreign interests.

“Potential targets include places where crowds gather, such as hotels, bars, restaurants, political meetings, government buildings, places of worship, schools, markets, shopping malls, sporting events, transport hubs and networks, law enforcement facilities, international organisations and camps for displaced people,” it said.

The warning from the Australian government comes amid recent data from Nigeria’s National Bureau of Statistics, NBS, which reported 2,235,954 abductions between May 2023 and April 2024.

Review that recover installments during this period, as per NBS, added up to an expected N2.2 trillion, with a typical payment of N2.7 million for each episode.

Comments

Popular posts from this blog

“Powering Nigeria’s Future: How Gas Investments Are Cutting Costs and Driving Growth”

Title: MultiChoice Nigeria Fined ₦766 Million for Data Privacy Violations

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.