Nigerian Bank's Withdrawal Limits Begins Amid Concerns Over New Naira Notes 
Newscast - Africa11 Tammi 2023

Nigerian Bank's Withdrawal Limits Begins Amid Concerns Over New Naira Notes 

The cash withdrawal limits set by the Central Bank of Nigeria become effective January 9, 2023 amid concerns over the slow spread and quality of three newly redesigned naira notes.
The CBN says the new policy was sequel to the launch of the redesigned N200, N500 and N1,000 notes by President Muhammadu Buhari on November 23, 2022.
The directive created controversy and outrage from millions of Nigerians and members of the National Assembly who disapprove of the policy.
Many PoS operators had said the policy would strangulate their activities and rob them of employment while politicians said it was targeted at opposition parties ahead of the 2023 general elections.

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Elon Musk Calls for Pause in AI Development 

Elon Musk Calls for Pause in AI Development 

Tesla CEO, Elon Musk, has joined several others in calling for the temporary halt of Artificial Intelligence experimentation. An Open Letter,” 1,332 signatories, including Musk, and Apple’s co-founder...

31 Maalis 20231min

Charles III To Address German Parliament in State Visit 

Charles III To Address German Parliament in State Visit 

Britain’s Charles III will address the German parliament on Thursday, becoming the first monarch to do so, on the occasion of his inaugural state visit as king. Germany marks the first trip abroad for...

31 Maalis 20231min

US Raises Visa Fees For Students, Visitors 

US Raises Visa Fees For Students, Visitors 

The United States has announced hikes in fees for certain Non-Immigrant Visa application processing fees. The increment, published in the Federal Register on March 28, 2023, will be effective from May...

31 Maalis 20231min

South Sudan Leader Appoints New Defence Minister 

South Sudan Leader Appoints New Defence Minister 

South Sudan’s President Salva Kiir has appointed a new defence minister replacing Angelina Teny, who he sacked earlier this month. The appointment of Gen Chol Thon Balok has announced in a presidentia...

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Nigeria's Institute of Credit Administration inaugurates Governance Committees 

Nigeria's Institute of Credit Administration inaugurates Governance Committees 

The President of the National Institute of Credit Administration, Mr Andy Ojei, has announced the inauguration of committees set up by the governing council of the institute. A statement said that dur...

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Nigeria Government Begins Registration of Medical Laboratories 

Nigeria Government Begins Registration of Medical Laboratories 

The Federal Government began an online registration of medical laboratories in Nigeria to enhance service delivery. Dr Tosan Erhabor, the Registrar of the Medical Laboratory Science Council of Nigeria...

31 Maalis 20231min

Dangote Industries Completes N200bn Bond Listing 

Dangote Industries Completes N200bn Bond Listing 

Dangote Industries has completed its listing of the firm’s N200bn series 1 and 2 Bonds on Nigerian Exchange Limited. The Chief Executive Officer, Dangote Industries Limited, Mr Olakunle Alake, speakin...

31 Maalis 20231min

Utah To Limit Teen social media Access 

Utah To Limit Teen social media Access 

Utah has become the first US state to require social media firms get parental consent for children to use their apps and verify users are at least 18. The governor says he signed the two sweeping meas...

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