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Breaking:CBN Increases Withdrawal Limit To 500 Thousand Naira

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Godwin Emefeile ,CBN Governor

CBN Increases Weekly Withdrawal Limits; individual 500 thousand naira, Corporate 5 Million Naira.

The Central Bank of Nigeria (CBN) has increased the maximum weekly limit for cash withdrawals across all channels by individuals and corporate organisations to N500,000 and N5 million, respectively.

The directive is contained in a circular issued by the bank on Wednesday and signed by Haruna Mustafa, director of banking supervision department.

The development comes two weeks after the CBN reduced the weekly over-the-counter cash withdrawal limit for individuals to N100,000 and that of corporate organisations to N500,000.

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The bank also reduced withdrawals at automated teller machines (ATMs) and point-of-sale terminals to N20,000 per day.

The policy had generated mixed reactions from Nigerians. While some said it would have a negative effect on small businesses, others applauded it as a strategic move towards boosting the cashless policy and reducing the amount of cash outside the banking system.

In the circular, the apex bank said it made the upward review based on feedback received from stakeholders.

“The Central Bank of Nigeria (CBN) hereby makes the following reviews: (1) the maximum weekly limit for cash withdrawal across all channels by individuals and corporate organisations shall be N500,000.00 and N5,000,000.00 respectively,” the circular reads.

The Cable

 

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Group asks Governor Yusuf to appoint Ganduje’s daughter as Kano Deputy Governor

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A group has called on the Governor of Kano State to appoint the daughter of former Governor of Kano, Dr. Asiya Balaraba Abdullahi Umar Ganduje, as Deputy Governor.

The group, known as Haɗin Kan Jam’iyyar APC ‘Yan Dangole from Kano State, expressed its support for Dr. Asiya Ganduje to become the Deputy Governor of Kano State.

According to the group, Dr. Asiya Ganduje is a woman committed to serving the people, especially the youth, through various programs that have improved their lives.

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They stated that she has demonstrated competence and dedication in politics, contributing to opportunities for youth and women in areas such as education, skills acquisition, and self-reliance.

The group also emphasized that Dr. Asiya Ganduje possesses compassion and vision for improving the lives of citizens, while encouraging women to participate in politics and economic activities.

Furthermore, they praised her cooperative character and loyalty to party principles, saying this has made her a role model for women and youth.

In conclusion, the group declared that her appointment as Deputy Governor would help bring progress, unity, and prosperity to the people of Kano State.

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UTME 2026: JAMB to Release Day 1 Exam Results Today Before Midnight

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By Yusuf Danjuma Yunusa

The Joint Admissions and Matriculation Board (JAMB) has announced that the results of all candidates who sat for the 2026 Unified Tertiary Matriculation Examination (UTME) on Thursday, April 16, 2026, will be released on Friday, April 17.

Spokesperson of the board, Fabian Benjamin, announced this in a post on X, noting that an announcement would be made when the results are available.

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“This is to inform all candidates who sat for the 2026 UTME on Thursday, 16th April 2026, that their results will be released today before midnight. An official announcement will be made to the public and posted on this page as soon as the results are available. Thank you,” he wrote.

Scheduled to run through April 22, the examination is structured into four daily sessions beginning at 7:30 a.m. and ending at 6:00 p.m., a framework designed to manage the large volume of candidates and reduce congestion at Computer-Based Test (CBT) centres.

This year, nearly 2.2 million candidates are participating across 966 accredited centres, each expected to meet operational benchmarks such as functional computer systems, stable internet connectivity and electricity as well as adequately trained personnel.

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Anambra Workers Under Scrutiny for Lateness and Absenteeism after Soludo’s Visit

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By Yusuf Danjuma Yunusa

The Anambra State Government has commenced a probe of civil servants accused of reporting late to duty and absenteeism in the state public service.

Some of the affected workers appeared before the Special Disciplinary Committee on Violation of Public Service Rules, following Governor Chukwuma Soludo’s unscheduled visit to the State Secretariat in March, where it was discovered that over 90 per cent of the workforce were absent from their duty posts.

The committee, constituted in line with the Public Service Rules 2021, sat at the Office of the Head of Service, State Secretariat Complex, Awka, on Friday, and examined several workers over alleged lateness and absenteeism.

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Speaking during the exercise, the Chairperson of the panel and Permanent Secretary, Office of the Head of Service, Nkiru Nwankwo, said lateness and absenteeism violate public service rules and amount to a breach of employment terms.

She warned that such offences are punishable under the rules, stressing that the current administration is committed to repositioning the public service for efficiency and effectiveness.

“This exercise is set up to probe lateness and absenteeism, which violate public service rules and constitute a breach of contract of employment. Workers should have a change of attitude toward work,” she said.

Nwankwo advised workers with genuine reasons for absence or lateness to follow due process by formally notifying appropriate authorities in writing and in good time.

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