Deposit Money Banks in the Federal Capital Territory (FCT) have raised their maximum over-the-counter withdrawal limit to N50,000 per day, up from the previous N5,000. This development follows improved cash availability, NEW DAILY PRIME has learnt. It was observed on Tuesday that banks such as Guaranty Trust Bank (GTBank) and Zenith Bank have implemented the new limits. At the GTBank branch along the airport road, customers can now withdraw N50,000…

Popular celebrity pastor, Tobi Adegboyega is currently facing troubled times as the British Government is set to deport him to Nigeria after losing his case against deportation at the immigration tribunal. According to The Telegraph, the UK government had shut down his church, SPAC Nation, after investigations exposed a misuse of funds by the church leadership. It was gathered that the UK authorities closed the church after Adegboyega failed to…

The Minister of Federal Capital Territory, Nyesom Wike has said President Bola Tinubu is on a mission to transform satellite towns in the Federal Capital Territory (FCT) to cities by taking governance to the grassroots. Wike said this during the inauguration of the construction of Kabusa to Takushara road in Abuja on Tuesday. He assured that Tinubu will not fail the people of the rural areas in the FCT. The…

Netumbo Nandi-Ndaitwah has been elected as Namibia’s first female president following a disputed election. 72-year-old Nandi-Ndaitwah is the cNamibia’s incumbent Vice-President and would become the first woman to rule the southern African country governed by the South West Africa People’s Organization (SWAPO) since independence in 1990. The Electoral Commission of Namibia (ECN) announced that she won with over 57 percent of ballots cast. Panduleni Itula, candidate for the main opposition…

Catholic Bishop of Sokoto Diocese, Matthew Kukah, has said that the tax reform bills proposed by President Bola Tinubu will end “financial recklessness” among the elites. The cleric spoke on Tuesday when he featured on Morning Brief, a Channels Television’s programme. He expressed support for the bills, adding that he is educating himself on the provisions of proposed legislations. The clergyman said, “I am excited about the issue of tax…

Federal Capital Territory (FCT) Minister, Ezenwo Nyesom Wike, has reiterated his commitment to tackling criminal activities in Abuja, emphasizing that improved security will lower the cost of living by enabling farmers to return to their fields. Speaking on Tuesday during the flag-off of the 9.8-kilometer Kabusa-Takushara road project, Wike assured residents that the road, featuring a two-lane, seven-meter carriageway with solar-powered streetlights, will be completed within six months. He also…

Governor Francis Nwifuru of Ebonyi State has suspended the Commissioner for Local Government and Chieftaincy Matters, Uchenna Igwe over allegations of gross misconduct and dereliction of duties. The announcement came during a media briefing on Tuesday, where Nwifuru cited Igwe’s failure to oversee the timely payment of local government pensions by council chairmen. This latest suspension marks the fourth within a week. On November 25, 2024, Nwifuru indefinitely suspended Chinedu…

Nigeria stands as the African leader in oil refining infrastructure, with nine refineries, more than any other nation on the continent. Africa’s role in the global energy market is significant, producing nearly 10 million barrels of oil daily as of 2024. Yet, the continent’s refining capacity has struggled to meet its fuel demands. Five nations which include Nigeria, South Africa, Ghana, Angola, and Sudan boast the highest number of oil…

The Ekiti State Commissioner of Police, Mr. Adeniran Akinwale, has defended the recent arrest of Lagos-based human rights activist, Dele Farotimi, for alleged cyberbullying and defamation. In an interview with a correspondent on Tuesday, December 3, Akinwale stated that Farotimi was arrested due to charges including defamation of character, cyberstalking, and other related offenses, which he claimed had been “fully established.” “We are investigating him. If the suspect is arrested,…

The Economic and Financial Crimes Commission (EFCC) has linked the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to a massive property in Abuja, consisting of 753 duplexes and other apartments. The property, located in the Cadastral Zone area of the capital, spans 150,500 square meters and was recovered following a court ruling on December 2, 2024. This marks one of the EFCC’s largest asset recoveries since…

Pastor Enoch Adeboye, the General Overseer of the Redeemed Christian Church of God (RCCG), has hinted that his in-law, Pastor Bayo Adeyokunnu, might succeed the late Oba Adekunle Aromolaran as the Owa of Obokun of Ijeshaland in Osun State. Adeyokunnu, who serves as the Deputy Continental Overseer of RCCG in the United States, is reportedly being considered as a possible successor to the throne following the death of Oba Aromolaran…

The Federal Government has raised $2.2 billion in Eurobonds to fund the fiscal deficit in the 2024 budget. According to a statement by the Debt Management Office (DMO), the bonds will mature in the international capital markets in 2031 (6.5-year) and 2034 (10-year). The statement noted that the funds have $700 million and $1.5 billion placed in the 2031 and 2034 maturities, respectively. The 6.5-year and 10-year notes were priced…