NAVY FLAGS OFF EXERCISE CROCODILE LIFT. (PHOTO).

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 Navy flags off exercise Crocodile Lift Chief of Naval Staff (CNS), Vice Admiral Emmanuel Ogalla, has flagged off the third edition of the French-facilitated maritime exercise codenamed Crocodile Lift, aimed at developing skills for amphibious operations. Ogalla was represented by the Flag Officer Commanding (FOC) Naval Doctrine Command, Rear Admiral Shehu Gombe. The event which took place on Saturday onboard Nigerian Navy Ship (NNS) KADA at Western Naval Command, Lagos. The naval chief said the exercise was similar to the just-concluded ‘EX GRAND AFRICAN NEMO’, adding that it also presented an opportunity for partners with a shared understanding of security objectives to deploy African-led solutions to transborder threats and challenges. He reaffirmed the Nigerian Navy’s commitment and readiness to enhance regional collaboration toward ensuring the safety and security of the common maritime space for prosperous economic activities. To Ogalla, the efforts of the Nigerian Navy, regional
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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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