News
Cash limits: PoS operators give CBN ultimatum
The Association of Mobile Money and Bank Agents in Nigeria has expressed optimism that the Central Bank of Nigeria will reverse its cash withdrawal limits policy before the new year.
The AMMBAN National President, Victor Olojo, disclosed to The PUNCH on Sunday that the National Assembly has promised to prevail on the CBN Governor, Godwin Emefiele, to revise the policy.
The new policy by the CBN fixed weekly cash withdrawals for individuals at N100, 000 and corporate bodies at N500,000 weekly.
The directive further said withdrawals above the thresholds would attract processing fees of five per cent and 10 per cent respectively, for individuals and corporate entities effective January 9.
In addition, third-party cheques above N50,000 shall not be eligible for over-the-counter payment while extant limits of N10 million on clearing cheques still remain.
The PoS operators had in a petition dated December 16, 2022 called on the CBN to review its policy and save 1.4m bank agents from losing their means of livelihood.
But giving an update on the issue, Olojo explained that the assurances given by the CBN and National assembly that POS operators would not be affected by the policy has made the group soft-pedal on its planned legal action.
He, however, warned that if the policy was not reversed before the end of the year, its members would take to the streets to demand its reversal and also drag the apex bank to court.
READ ALSO:
- Beware! fake COVID test kits in town, NAFDAC warns Nigerians
- Governors to meet Buhari on naira withdrawal limit
- Pregnant Deputy Superintendent of Police arrested over maid’s death
- Messi’s World Cup Victory Validates Tinbu’s ‘Emilokan’ Claim – Keyamo
The PoS operators’ union president said, “We have not gone to court yet because we have gotten assurances and we are waiting for a formal response from the CBN. We have visited the National Assembly and we have also explored other tools at our disposal at this time.
“They have given words of assurance that mobile money and POS operators would not be affected. So, we are waiting for an official statement from the CBN. However, if anything doesn’t change by the end of the year, we will go to the streets to protest and go to court.
‘’Remember that the Director of Banking Supervision, Mustafa Haruna, was quoted on a television station to have categorically stated that mobile money and bank agents would not be affected, so we just want to take that as an assurance while waiting for a formal report. We have written to the CBN but we are yet to get a response.’’
Olojo further hinged his hopes on the assurances by the CBN governor that the policy would be flexible.
“The CBN governor also said they will be flexible, so we are waiting for a revised policy that shows the flexibility. The national assembly also said they will prevail on the governor as they are opposed to the new CBN policy,’’ he noted.
Also commenting on the policy, the Chairman, Nigerian Association of Small and Medium Enterprises, Lagos State chapter, Dr Adams Adebayo confirmed to our correspondent that the association met with the Senate Committee on Banking, Insurance And Other Financial Institutions on the matter last week.
“The Senate committee has assured the Council of MSMEs that the CBN Governor will review it, especially for PoS and small business owners,’’ Adebayo explained.
The CBN spokesman, Osita Nwanisobi, could not be reached for comments Sunday on when the apex bank would announce the review of the policy as calls to his phone indicated he was unavailable.
Commenting on the policy, the President, National Union of Banks, Insurance and Financial Institutions, Abakpa Anthony said it was too harsh, adding that the CBN should have run a pilot system and see the level of compliance before introducing it.
He also argued that as much as the cashless policy would help Nigerians, the nation has not developed to the extent of implementing a full-blown cash limits policy.
The NUBIFI boss said, “The people in the rural areas do not have phones that support online transactions, and in most cases there won’t be a network to consummate transactions.”
He further stated that the ATM and PoS withdrawal limits may throw many Nigerians into poverty and render the POS operators jobless.
”Some cattle dealers who buy and sell in large numbers in the rural areas where there is no network; what will happen to them? When Nigeria is ripe for such policy, Nigerian workers will know.”
Meanwhile, the Special Adviser to Gombe State Governor on Strategy and Information Management, Ahmed Gombe, has said the state government was also opposed to the CBN policy on the grounds that the amount stipulated by the CBN was inadequate.
Gombe was reacting to a report that the NGF was opposed to the cash withdrawal policy and that the 36 state governors planned to meet with the Presidency on the matter.
Speaking in a chat with one of our correspondents, the media aide stated, “The governor of Gombe state supports any Federal Government policy provided it is in the interest of the Nigerian people , especially in Gombe state. At the same time, he also supports any collective decision taken by his colleagues in the best interest of the Governors Forum.’’
![]()
News
MURIC Blasts Nigeria Over UNGA Stance on Palestine, Netanyahu
MURIC Blasts Nigeria Over UNGA Stance on Palestine, Netanyahu
The Muslim Rights Concern (MURIC) has launched a scathing criticism of Nigeria’s conduct at the 2026 United Nations General Assembly, accusing the Federal Government of failing to give the Palestinian crisis the attention it deserves.
MURIC said Nigeria’s failure to include the Palestinian question in its position paper, coupled with its decision not to join countries that walked out during Israeli Prime Minister Benjamin Netanyahu’s address, was deeply regrettable.
The group’s Executive Director, Professor Ishaq Akintola, made the allegations in a statement issued on Saturday, September 26, 2026.
MURIC described Nigeria’s performance at the international gathering as “shocking, woeful, deplorable and despicable,” arguing that the country should have taken a stronger position on the humanitarian situation in Gaza.
According to the organisation, Nigeria failed to include the Palestinian question in its position paper presented during the UN General Assembly on Thursday, September 24.
The group further alleged that Nigerian delegates declined to join 77 other countries whose representatives walked out of the General Assembly chamber during Netanyahu’s speech.
MURIC: Gaza crisis cannot be ignored
MURIC said Nigeria’s position was particularly disturbing against the backdrop of the humanitarian crisis in Gaza and the international legal controversy surrounding Netanyahu.
“Bearing in mind the universal notoriety of the Israeli Prime Minister, the fact that he is now an international criminal who has been declared wanted by the International Criminal Court (ICC) and the horrendous crimes against humanity committed by Israel against the people of Gaza, we consider Nigeria’s performance at the international event as shocking, woeful, deplorable and despicable,” Akintola said.
The organisation also cited casualty figures which it said showed the scale of the devastation in Gaza.
READ ALSO:
- Why I Accept My Daughters’ Same-Sex Relationships — Charly Boy
- Katsina: Troops Rescue 14 Kidnap Victims, Arrest Three Terrorist Couriers With N2.7m
- 2027: Fayemi Denies Galadima’s Claim He Is Coordinating Opposition Group Against Tinubu
MURIC stated that more than 73,922 Palestinians had been killed, while about 174,995 others had been wounded.
The group said Gaza’s medical facilities had been stretched beyond their limits, while large parts of the territory had suffered extensive destruction.
According to MURIC, women and children constitute a substantial proportion of those affected by the conflict.
Food, water, electricity crisis
The Islamic rights organisation also raised concerns about what it described as prolonged shortages of essential supplies in Gaza.
MURIC alleged that Palestinians had endured shortages of food, water, fuel and electricity, with children and pregnant women among those affected.
The group further claimed that homes were still being demolished and that children in Gaza had been deprived of normal access to education.
“The people of Gaza had no food, no water, no fuel and no electricity for months. Children and pregnant women are among the Palestinian victims deprived of essential facilities. As we speak, hundreds of Gaza homes are being demolished. Gaza children cannot go to school,” the statement said.
‘Hold Nigerian government accountable’
MURIC called on Nigerians who are concerned about justice and human rights to scrutinise the Federal Government’s position on the Palestinian issue.
The organisation urged Nigerians to demand explanations for Nigeria’s diplomatic decisions at the United Nations, particularly its decision not to participate in the walkout during Netanyahu’s address.
“We charge Nigerians who believe in justice, fairness and the interconnectivity of humanity to hold the current government of Nigeria accountable for smearing the image of our great country, for mortgaging its future and for hobnobbing with capitalist imperialists who are bent on oppressing poor nations of the world,” Akintola said.
The group also called on Nigeria’s human rights community to publicly speak out over the country’s position on Palestine.
MURIC urges human rights groups to speak up
“We urge the Nigerian human rights community to speak up on Nigeria’s regrettable stance on the Palestinian question,” the statement added.
MURIC’s criticism comes amid continuing international debate over the war in Gaza, the humanitarian situation in the territory and the diplomatic positions adopted by governments at the United Nations.
The organisation maintained that Nigeria, as one of Africa’s major diplomatic powers, should pay greater attention to issues of civilian protection, human rights and the Palestinian question when taking positions at international forums.
MURIC Blasts Nigeria Over UNGA Stance on Palestine, Netanyahu
![]()
News
Keyamo: ₦70,000 Minimum Wage No Longer Enough as Cost of Living Soars
Keyamo: ₦70,000 Minimum Wage No Longer Enough as Cost of Living Soars
Minister of Aviation and Aerospace Development, Festus Keyamo, has acknowledged that Nigeria’s ₦70,000 national minimum wage is no longer sufficient for workers to cope with the rising cost of living.
Keyamo made the statement at the 2026 National Pre-Retirement Summit, organised by XEM Consultants Limited in Abuja, where discussions focused on workers’ welfare, remuneration and the economic challenges confronting Nigerians.
The minister said economic pressures had substantially weakened workers’ purchasing power, making it necessary to consider an upward review of wages.
He urged the Federal Government and organised labour to find common ground in their ongoing discussions over workers’ pay, saying the government should meet labour “midway” rather than allow disagreements over the size of a proposed increase to stall negotiations.
Keyamo, who previously served as Minister of State for Labour and Employment, recalled the negotiations that led to the increase in Nigeria’s minimum wage from ₦30,000 to ₦70,000 in 2024.
According to reports of his remarks, he argued that the present wage was no longer sufficient to absorb the economic pressures facing workers.
READ ALSO:
- Keyamo: ₦70,000 Minimum Wage No Longer Enough as Cost of Living Soars
- AFCON 2027 Qualifier: Nigeria Fight Back to Beat Madagascar 2-1 in Uyo
- Anambra Police Arrest 25-Year-Old Suspect Linked to 2023 Kidnap, Murder
The minister’s comments came amid renewed pressure from organised labour for improved wages and measures to reduce the impact of rising living costs.
Reports indicate that labour representatives have cited figures as high as ₦500,000 in current discussions on a new minimum wage. The figure has been reported as a labour demand or opening position rather than an agreed new wage.
The debate is also taking place ahead of the expected review of the current wage framework. Reports from the summit said the current minimum-wage cycle, following reforms reducing the review period from five years to three, is due for review around 2027.
Keyamo also raised concerns about government spending priorities, particularly situations in which workers allegedly struggle to receive basic allowances while substantial resources are approved for official international trips.
He stressed the importance of workers to national productivity, arguing that the economy and government cannot function effectively without them.
Also speaking at the summit, Nigeria Labour Congress President Joe Ajaero reportedly argued that the real value of workers’ earnings should be measured by their purchasing power rather than the nominal amount printed on their pay slips.
Ajaero called for salaries and pensions to be linked to inflation or a cost-of-living index, arguing that such a mechanism would allow workers’ incomes to respond more directly to changes in the prices of essential goods and services.
The labour leader also called for government intervention to cushion workers against the impact of higher food and transportation costs.
The latest statements from Keyamo and labour leaders have renewed attention to the gap between Nigeria’s ₦70,000 statutory minimum wage and the cost of meeting basic household needs, as preparations for another wage review gather momentum.
For many Nigerian workers, the emerging wage debate is increasingly centred not simply on the amount stated on their monthly pay slip, but on what that income can actually buy amid rising prices.
Keyamo: ₦70,000 Minimum Wage No Longer Enough as Cost of Living Soars
![]()
Entertainment
Jetour Takes Adventure Beyond the Road, Brings Solar-powered Borehole to Ibeju-Lekki community
Jetour Takes Adventure Beyond the Road, Brings Solar-powered Borehole to Ibeju-Lekki community
Jetour Nigeria has taken its SUV adventure beyond the asphalt, combining a high-octane convoy through some of Lagos toughest coastal trails with a humanitarian intervention that delivered clean, reliable water to the people of Iwerekun Orile, Ibeju Lekki.
The automaker’s 2026 Africa Expedition last Saturday turned into more than a showcase of automotive power and off-road capability as the convoy of eight Jetour models arrived at the Roman Catholic Mission Primary School, Iwerekun Orile, to commission a new solar-powered borehole for the community.

The convoy, comprising the Jetour Dashing, X50, X70 Plus, X90 Plus, T2, T2 PHEV, X70 PHEV and flagship G700, departed Falomo Square, Ikoyi, after a road safety briefing by the Federal Road Safety Corps.
Escorted by personnel of the Nigeria Police Force and the Lagos State Traffic Management Authority, the convoy moved through Victoria Island and beyond the city’s urban landscape before tackling difficult stretches of the Coastal Highway.
The demanding terrain, characterised by swampy sections, rocks and uneven trails, provided an opportunity for the vehicles to demonstrate their off-road capability and endurance.
But beyond the adventure and display of automotive technology, the expedition took on a more significant purpose when the convoy arrived at the Roman Catholic Mission Primary School, Iwerekun Orile.
There, Jetour Nigeria commissioned a new solar-powered borehole, providing the school and surrounding community with access to clean and reliable water.

The intervention was greeted with excitement as schoolchildren, traditional leaders, farmers and market women turned out to welcome the visitors with cultural performances.
Jetour also distributed food items to households in the community, while pupils received books and refreshments.
A representative of Jetour Nigeria, Kemi Adeola, said the initiative reflected the company’s belief that its activities should extend beyond automobiles to making a positive difference in the communities it reaches.
“This is where adventure meets purpose,” Adeola said. “Our mission doesn’t stop at building capable vehicles; it lives in our pledge to drive tangible progress and touch the hearts of the communities we reach.”
The community’s traditional leader, High Chief Michael Oluwa, described the water project as an unprecedented development in the history of Iwerekun Orile and pledged that residents would protect and maintain the facility.
The head teacher of the school, Mrs Ariyike Bakre, also expressed gratitude to Jetour, describing the intervention as a lifetime gift to the school and community.
“This is my first time seeing a solar-powered borehole,” Bakre said, adding that the facility would make a significant difference to the children and residents.

She thanked Jetour for making it possible for the community to witness the commissioning of the project.
The expedition later ended at a beach lounge, where the drivers, organisers and participants relaxed over food, music and entertainment.
For Jetour Nigeria, however, the significance of the expedition extended beyond conquering difficult terrain. It demonstrated how an automotive adventure could be linked to community development, leaving behind not only memories of a demanding road trip but also a lasting source of clean water for Iwerekun Orile.

![]()
-
News2 days agoAnambra Releases ₦473m Salary Arrears Document as Obi’s Debt Claim Sparks Fresh Dispute
-
News2 days agoKeyamo: ₦70,000 Minimum Wage No Longer Enough as Cost of Living Soars
-
metro2 days agoEFCC Chairman Raises Alarm Over Alleged Theft of Nigeria’s Public Funds
-
Business3 days agoFG Seeks Private Capital, States’ Support to Transform Nigeria’s Ports
-
Sports1 day agoAFCON 2027 Qualifier: Nigeria Fight Back to Beat Madagascar 2-1 in Uyo
-
Entertainment2 days agoJetour Takes Adventure Beyond the Road, Brings Solar-powered Borehole to Ibeju-Lekki community
-
Politics2 days ago2027: Otti Explains Why He Supports Tinubu Despite Remaining in Labour Party
-
metro3 days agoMURIC Condemns NMDPRA Over Fresh 830,000-Tonne Petrol Import Approval
