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BREAKING: Central Bank of Nigeria, CBN scraps deposit limits, increases weekly withdrawal threshold
The Central Bank of Nigeria, CBN, has announced major adjustments to its cash-handling regulations, abolishing the ceiling on cash deposits and expanding the weekly withdrawal limit across all platforms to N500,000, a significant rise from the previous N100,000.....TAP TO CONTINUE READING
The policy shift was communicated through a circular issued to financial institutions and titled “Revised Cash-Related Policies”, endorsed by Dr. Rita Sike, Director of the Financial Policy & Regulation Department.
In the document, the apex bank explained that the overhaul aligns with efforts to curb the surging cost of managing physical cash, tackle security risks, and stem money-laundering vulnerabilities linked to Nigeria’s cash-driven economy.
The CBN noted that although earlier cash directives were created to push Nigerians toward electronic payment options, a review became necessary to align with current economic conditions.
With effect from January 1, 2026, the circular listed several major amendments. The cap on cumulative deposits has been abolished, and additional charges for surpassing former deposit limits have been eliminated.
The bank also announced a fresh cumulative withdrawal ceiling of N500,000 weekly for individuals and N5 million for corporate entities across all access points. Any amount above the stated limits will incur excess-withdrawal fees as outlined in the new guidelines.
The earlier monthly special approval which permitted individuals to draw N5 million and corporates N10 million once every month has now been scrapped.
For ATM usage, customers will still be restricted to N100,000 daily, with a total weekly limit of N500,000, which contributes to the overall weekly withdrawal total applicable to ATMs, POS machines, and other channels.
The CBN added that withdrawals exceeding the approved thresholds will attract charges of 3% for individuals and 5% for organisations, to be split 40% to the CBN and 60% to the servicing bank or financial institution.
Banks have also been instructed to ensure ATMs are stocked with all available currency denominations. Meanwhile, the ceiling on over-the-counter withdrawals using third-party cheques remains at N100,000, which will also count toward a customer’s weekly limit.
In addition, deposit money banks are mandated to submit monthly compliance reports to departments responsible for supervision, including Banking Supervision, Other Financial Institutions Supervision, and Payments System Supervision.
The circular clarified that the new rules will not apply to revenue-collecting accounts operated by federal, state, or local governments.
Accounts belonging to microfinance banks and primary mortgage banks domiciled with commercial or non-interest banks also remain exempt.
However, the previous privileges granted to embassies, diplomatic offices, and donor agencies have been withdrawn.
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Terrorists release photo of m8rdered Kaduna Anglican priest’s wife and daughter with g^n pointed at them
Terrorists release photo of m8rdered Kaduna Anglican priest....TAP TO CONTINUE READING
Terrorists have released a picture of the abducted wife and daughter of slain Kaduna Anglican priest with gun pointed at them.
LIB reported that Ven. Edwin Achi, his wife Sarah and their daughter were abducted from their residence in Chikun Local Government Area on October 28, 2025.
The terrorists threatened to k!ll the victims if their family failed to pay N200 million ransom.
The abductors killed the priest before the ultimatum lapsed and later released a picture of him and his wife on his Facebook page.
A family member, Avril, confirmed the latest development on X while addressing journalist Rufai Oseni.
“Please keep pushing the news that Ven. Edwin Achi’s wife Sarah Achi is still in captivity. Their captors recently uploaded a picture of her and daughter, with a gun pointed at them. Their demands are incoherent at this point,” he wrote.
Posting a heart wrenching photo of the victims on Wednesday, he wrote: “This is not a country.”
A heartwarming act of kindness by Senator Natasha Hadiza Akpoti has captured hearts on social media after she surprised her long-time domestic staff, Abdul Bambamba, with a home of his own.....TAP TO CONTINUE READING
Abdul, a skilled plaster-of-Paris (POP) artisan, had been contracted to work on a building, unaware that he was actually constructing his future home, the emotional revelation left him in tears of disbelief and gratitude.
In her words, she said:
“This particular house has a special story behind it, and the owner does not know it belongs to him. His name is Abdul Bambamba. He is actually an uncle to my children. I was married to his relative.
Even though the marriage failed, Abdul remained committed to me. He always cared for me and the children, even before I met my husband now. He has been a very special person to me.”
The gesture was more than just a gift; it was a recognition of years of loyalty and unwavering support. According to Senator Natasha, Abdul is more than an artisan, he is a family.
Even after her previous marriage ended, Abdul remained a steadfast presence, looking after her and her children through difficult times and significant milestones.
Overwhelmed by his humility, kindness, and steadfast loyalty, Senator Natasha decided to honor him in a way he would never expect: by giving him a home he had helped build with his own hands.
The touching moment has gone viral on social media, with many praising Senator Natasha’s generosity and describing Abdul’s loyalty as rare and commendable.
Watch video below…
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Dwayne “The Rock” Johnson’s daughter Simone confirms romance with wrestler Tatyanna Dumas
Simone Johnson, the eldest daughter of actor Dwayne “The Rock” Johnson, has confirmed her romance with fellow wrestler Tatyanna Dumas.....TAP TO CONTINUE READING
Simone took to their shared Instagram account to give fans a sweet look at their love story.
“From day one,” the two wrote in the caption of an Instagram video posted Dec. 7, “to everything time can’t erase.”
Dwayne ?The Rock? Johnson?s daughter Simone confirms romance with wrestler Tatyanna Dumas
In the video—set to Charli XCX’s “Everything is Romantic”—Simone, 24, and Tatyanna, 26, could be seen spending time together at the beach, grabbing dinner, traveling and sharing a few sweet kisses.
The video echoed the lyrics from the song, with the duo writing, “Fall in love, again and again.”
Dwayne ?The Rock? Johnson?s daughter Simone confirms romance with wrestler Tatyanna Dumas
The couple first started their joint Instagram account in early November, writing in the bio, “Two souls. One story. Exploring life like it’s a main event.”
Through the account, Simone—who wrestles under the name Ava Raine—and Tatyanna have given fans an insider view of their joint wrestling careers as they’ve traveled around the globe.
The move came shortly after Simone—whose mother is Dwayne’s ex Dany Garcia—and Tatyanna joined the actor on the red carpet at the premiere of his film The Smashing Machine in September.
And as a fourth-generation wrestler, the Moana actor said he was incredibly honored that his daughter wanted to join in the family business of wrestling.
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