PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU RECONSTITUTES NNPC LIMITED BOARD, APPOINTS NEW CHAIRMAN, GROUP CEO President Bola Ahmed Tinubu has approved a sweeping reconstitution of the Nigerian National Petroleum Company (NNPC) Limited board, removing the chairman, Chief Pius Akinyelure and the group chief executive officer, Mallam Mele Kolo Kyari.   President Tinubu removed all other board members appointed with Akinyelure and Kyari in November 2023.   The new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida as non-executive chairman.   Adedapo Segun, who replaced Umaru Isa Ajiya as the chief financial officer last November, has been appointed to the new board by President Tinubu.   Six board members, non-executive directors, represent the country's geopolitical zones. They are Bello Rabiu, North West, Yusuf Usman, North East, and Babs Omotowa, a former managing director of the Nigerian Liquified Natural Gas( NLNG), who represe...
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CBN REVIEWS OVER-THE-COUNTER WITHDRAWAL LIMITS. (PHOTO).#PRESS RELEASE.

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Strict adherence to cashless policy it is!!!

CBN Reviews Over-the-Counter Withdrawal Limits 

1. N100,000 and N500,000 weekly limit for personal and corporate accounts 

2. Amounts over that limit attract a 5% and 10% processing charge respectively

3. Maximum withdrawal limit from ATM is N20,000 daily and N100,000 weekly

4. Only N200 notes & lower denominations will be loaded into the ATM

5. Maximum withdrawal via POS is N20,000 daily

6. In exceptional cases and not more than once a month, the amounts of N5m and N10m for personal and corporate accounts can be accessed. This will require approvals and payments of all effective charges (5% and 10% respectively).

Effective January 9, 2023

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