Author: Vardiafrica

The Central Bank of Nigeria (CBN) has removed all limits on cash deposits, marking a significant reversal of earlier cash-tightening measures introduced under the previous administration. The apex bank also announced an upward review of the weekly cash withdrawal limit for individuals and businesses, a move designed to ease financial transactions and restore liquidity across the economy. The newly revised rules end a previous special authorisation permitting individuals to withdraw ₦5 million and corporates ₦10 million once monthly. The apex bank explained that previous cash policies had been introduced over the years in response to evolving circumstances. However, with time,…

President Bola Tinubu’s Adviser on Policy Communication, Daniel Bwala, has declared that the current Federal Government does not negotiate with bandits and terrorists to secure the release of kidnapped victims. Featuring on Channels Television’s Morning Brief, Bwala said Tinubu’s administration has zero tolerance for negotiation with terrorists because it amounts to sponsoring terrorism. According to Bwala, “There was a time the federal government was negotiating (with terrorists), and I think that el-Rufai (the former Kaduna governor) once talked about a national policy at that time, when they said both states and the federal government can be in a situation where…

The Kabiru Turaki-led Peoples Democratic Party (PDP), has stated that the party has yet to receive any official communication from Osun State Governor Ademola Adeleke concerning his resignation. Adeleke had announced on Tuesday that he was leaving the PDP, citing the party’s ongoing internal disputes as the reason for his decision. After the National Working Committee (NWC) meeting in Abuja, Turaki told journalists that Adeleke is fully entitled under the constitution to either stay in the PDP or step away, emphasizing that the decision rests solely with the governor. Turaki added that the PDP became aware of Adeleke’s resignation only…

President Bola Tinubu has demanded greater efficiency in strategies and result in the ongoing fight against insecurity in some part of Nigeria The president made the demand when he met with heads of intelligence agencies and service chiefs at the state house. The meeting on Tuesday lasted more than an hour behind closed doors in the office of the President at the State House Abuja. In an interview after the meeting, the Chief of Defense Staff, General Olufemi Oluyede revealed that the meeting was quite engaging as the President gave new direction and directives intended to achieve better result in…

The Peoples Democratic Party (PDP) on Tuesday issued expulsion certificates to 11 party chieftains, including the Federal Capital Territory Minister, Nyesom Wike. On November 15, the opposition party had announced the suspension of Wike, former governor of Ekiti State, Ayodele Fayose; former National Secretary, Samuel Anyanwu; former National Organising Secretary, Umar Bature; ex-National Legal Adviser, Kamaldeen Ajibade and former lawmaker, Mao Ohuabunwa. Also suspended were former Imo state PDP Chairman, Austine Nwachukwu; former Abia state PDP chairman, Amah Nnanna Abraham; former National Vice-Chairman (South-South), Dan Orbih; and Turnah George. Briefing journalists in Abuja, the Kabiru Turaki-led national working committee (NWC)…

Alex Otti, governor of Abia, met with President Bola Tinubu at the State House in Abuja on Tuesday. TheCable understands that Otti was sighted at the State House around midday shortly after the president’s meeting with service chiefs. The meeting comes on the heels of the governor’s visit to Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), at the Sokoto correctional centre. It was not immediately clear what the governor and the president discussed behind the closed door, but there are feelers that the meeting might be part of the ongoing behind-the-scenes efforts to secure the release of Kanu.…

The Nigeria Police Force (NPF) has warned that any police officer found providing escort or protection for Very Important Persons (VIPs) will be arrested, describing such assignments as “illegal duty” under the current directive of the Inspector-General of Police (IGP), Kayode Egbetokun. Force Public Relations Officer, Benjamin Hundeyin, issued the warning on Tuesday while speaking as a guest on Channels Television’s Politics Today programme. Hundeyin stressed that the enforcement operation is fully underway, emphasising that all officers attached to VIP protection duties have been withdrawn. “The enforcement is on. The IGP gave the directive that any police officer found escorting VIPs be…

The Governor of Edo State, Senator Monday Okpebholo, has commended the Niger Delta Development Commission, NDDC, for offering the state the hosting rights of the 2026 Niger Delta Sports Festival. Senator Okpebholo gave the commendation when the NDDC Managing Director, Dr Samuel Ogbuku, led a team of the Commission’s officials, including the NDDC Executive Director of Finance and Administration, Alabo Boma Iyaye, the Edo State Representative on the Board of the Commission, Hon. Patrick Aisoweiorem, and other Directors, on a courtesy visit to the Government House, Benin City. Governor Okpegholo acknowledged the achievements recorded by the NDDC in recent times,…

President Bola Tinubu has nominated Christopher Gwabin Musa as the new Minister of Defence. His nomination was contained in a letter President Tinubu conveyed to the Senate President, Godswill Akpabio. Special Adviser to the President on Information and Strategy, Bayo Onanuga, disclosed Musa’s nomination in a statement he issued on Tuesday afternoon. In the letter, President Tinubu expressed confidence in General Musa’s ability to lead the Ministry of Defence and further strengthen Nigeria’s security architecture. His nomination came days after Mohammed Badaru Abubakar resigned as Nigeria’s defence minister. Musa, who will turn 58 on December 25, served as Chief of…

Justice Mohammed Umar of the Federal High Court in Abuja on Tuesday granted bail to Omoyele Sowore on self-recognition, warning him against making statements capable of inciting the public against President Bola Tinubu. Sowore was arraigned by the Department of State Services (DSS) on a five-count charge related to alleged cybercrime, including accusations that he made derogatory posts about President Tinubu on his social media platforms. The #RevolutionNow convener pleaded not guilty to all charges after they were read to him. Before the plea was taken, Sowore’s counsel, Marshall Abubakar, challenged the competence of the suit, arguing that the court…