NIGERIAN MILITARY JET CRASHES IN NIGER. (PHOTO).

-
Image
 Nigerian military jet crashes in Niger A Nigerian Air Force (NAF) Alpha Jet has reportedly crashed near Karabonde, Borgu Local Government Area of Niger State, on Saturday evening, December 6. Unconfirmed reports from local sources clam that the two pilots onboard survived the incident after successfully ejecting from the aircraft. A Niger state-based digital television network, Lapai TV, announced the tragic incident  in a post on its official Facebook account on Saturday evening, December 6. The post, accompanied by a one-minute video, read, “Two Nigerian Air Force Pilots Reportedly Survive Alpha Jet Crash Close to Karabonde, Borgu Local Government Area of Niger State”. It was reported that the two pilots successfully ejected before the aircraft went down. Meanwhile, the Nigerian military has yet to make any official statement concerning about the crash as of the time of filing this report.
Post a Comment

CBN RAISES CASH WITHDRAWAL LIMITS, SCRAPS DEPOSIT CAPS IN MAJOR POLICY SHIFT. (PHOTOS). #PRESS RELEASE.

-


 CBN Raises Cash Withdrawal Limits, Scraps Deposit Caps in Major Policy Shift

The Central Bank of Nigeria (CBN) has announced a significant relaxation of its cash withdrawal and deposit regulations, effective January 1, 2026, in a move aimed at improving liquidity and easing the burden on businesses and individuals amid prevailing economic challenges.

In a circular signed by Dr. Rita I. Sike, Director of the Financial Policy and Regulation Department, the apex bank raised the weekly cash withdrawal limit for individuals from ₦100,000 to ₦500,000 across all channels, including ATMs, Point-of-Sale (POS) terminals, and over-the-counter transactions. Corporate entities will now enjoy a higher weekly limit of ₦5 million, up from the previous ₦500,000.

At the same time, all restrictions and processing fees on cash deposits have been completely removed, allowing unrestricted deposits without penalties.

Key Changes Effective January 1, 2026

Weekly cash withdrawal (Individuals)

₦100,000 (all channels)

₦500,000 (all channels)

Weekly cash withdrawal (Corporates)

₦500,000 (all channels)

₦5 million (all channels)

Daily ATM withdrawal

₦20,000 – ₦40,000 (bank-dependent)

Up to ₦100,000 (counts toward weekly limit)

Cash deposits

Caps applied; fees on excess

No limits, no fees

Third-party cheque withdrawals

₦100,000

Remains ₦100,000 (counts toward weekly limit)

Charges on excess withdrawals

Strict enforcement

3% (individuals), 5% (corporates); revenue shared 40% CBN, 60% banks

Special authorisations for large withdrawals

₦5m (individuals)/₦10m (corporates) monthly

Completely discontinued

ATM currency loading

Restricted denominations

All denominations permitted

The CBN stated that the revisions are intended to address current economic realities, including high inflation and liquidity constraints, while maintaining the broader goal of reducing cash dominance in the economy. The policy builds on the 2022-naira redesign and cash-limit framework, which was originally introduced to curb cash hoarding and money laundering.

Banks are now required to submit monthly reports to the CBN on all withdrawals above the new limits and on cash deposit patterns.

More photos below. 




Comments

Post a Comment

Popular posts from this blog

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.

-
Image
                           According to the Araba of Osogboland Chief Yemi Elebuibon,debunk the rumors that the new Ooni will eat the heart of the late Ooni of Ife as custom demands,so he cleared the air when he recently said that ''The heart of the late king would not be fed to the next Ooni.The eating of the heart of a departed King by an incoming one belonged to the past.It no longer exists.People still make this insinuation because many are barred from witnessing the burial of a king.What the incoming king will eat is the heart of an animal and not that of a human.Nobody will be buried with the Ooni.Nobody would be killed for any form o sacrifice''.Thank God he clarified the part that no one will be buried with the Ooni,because the rumors going round is that the Sarun,otherwise known as Abobakun,is on the run,to escape being buried with the late Ooni of Ife.Lowa Adimula of Ife,Oba Joseph Ijaodola,who is the Head o...
Read more