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. The apex bank disclosed this in a circular to all banks titled “Revised Cash-Related Policies”, signed by Dr. Rita Sike, Director, 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...
Burna Boy To Cover Funeral Cost For Stockton Shooting Victims Killed At 2-Year-Old’s Birthday Party
Grammy winning Afrobeat star, Burna Boy, has reportedly pledged to cover the funeral expenses of the four young people killed in a shooting at a children’s birthday party in Stockton, California on November 30. The singer was said to have immediately contacted American music executive Wack 100, who then connected him with Jason Lee, CEO of Hollywood Unlocked and the vice mayor of Stockton. “When I heard about the children murdered in Stockton, my heart broke,” he said. “No family should ever face this kind of pain alone. I wanted to do whatever I could to support these parents as...
Bulgaria’s President Calls On Minority Government Of Prime Minister Rosen Zhelyazkov To Resign
Bulgaria’s President Rumen Radev has called on the minority government of Prime Minister Rosen Zhelyazkov to resign following mass protests this week against its 2026 budget. The government on Tuesday withdrew the budget, following nationwide demonstrations against planned tax hikes to finance higher spending. It is the first budget drafted in euros before the European Union member state adopts the currency on January 1. The budget crisis is the latest sign of political instability in the Balkan country, which has held seven elections in four years as a series of weak coalitions have fallen apart. The latest election was in October...
Fraud And Corruption Case Filed Against Former EU Foreign Policy Chief Mogherini And Two Others
Former EU foreign policy chief Federica Mogherini and two others have been formally accused of procurement fraud and corruption, conflict of interest and violation of professional secrecy, the European Public Prosecutor’s Office said on Wednesday. The three individuals were detained on Tuesday as part of an EU fraud investigation and have now been released while the investigation is ongoing, EPPO said, adding they were not considered a flight risk. EPPO referred to the other two suspects as a senior staff member at the College of Europe in Bruges and a senior official from the European Commission. According reports one of the detainees...
BREAKING NEWS: President Bola Tinubu has announced a landmark partnership between the Federal Government, global aircraft manufacturer Boeing, and the UK-based Cranfield University to establish a world-class Maintenance, Repair, and Overhaul facility in Nigeria .
BREAKING NEWS: President Bola Tinubu has announced a landmark partnership between the Federal Government, global aircraft manufacturer Boeing, and the UK-based Cranfield University to establish a world-class Maintenance, Repair, and Overhaul facility in Nigeria .
Tech In Fashion: Where Innovation Meets Style
Fashion and technology may seem worlds apart, but today, they’re walking the same runway. From smart fabrics to digital fashion shows, the fusion of tech and fashion is transforming the way we design, wear, and experience style. SMART FABRICS & WEARABLE TECH One of the biggest innovations is the rise of “smart textiles” fabrics that respond to heat, light, movement, or even the wearer’s health. Clothes can now monitor your heart rate, track fitness goals, or adjust temperature based on your environment. “Wearable tech”, like stylish smartwatches or rings with built-in notifications, blends function with fashion seamlessly. 3D PRINTING AND...
Edo Assembly Summons Natasha Osawaru, Wife Of Nigerian Legendary Music Artist 2Baba, Following Viral Video Of Misconduct
The Edo State House of Assembly said that Hon. Natasha Osawaru has been summoned to defend herself in respect of a case of misconduct levelled against her. Osawaru, who is married to Nigerian music star Innocent “2Baba” Idibia, was given one week to face the committee and respond to concerns about her behavior in the videos. The controversy stems from an Instagram Live session hosted by Daddy Freeze, where Osawaru and 2Baba were seen in a tense exchange. The situation unfolded after 2Baba’s former managers, Kaka Igbokwe and Lori Tosan, joined the live broadcast. During the live session, they accused...
South African Court Finds Guilty A Nigerian Man And His Accomplice In Drug Related Offences, Hands Over 37-Year Jail Term
A South African court has sentenced a Nigerian national, Victor Udoh, and his South African associate, Vuyisekha Mzwakhe, to a combined 37 years in prison after finding them guilty of drug-related offences and other violations. According to reports on Tuesday from Nova News, a South Africa–based online news outlet, that the 33-year-old Nigerian and his South African partner were convicted for orchestrating their drug-running operations through social media. While Mzwakhe received 15 years for her role as a willing drug courier, according to the report, the Oudtshoorn Regional Court sentenced Udoh to 22 years—20 years for drug dealing and an...