BUILDING A GOOD RELATIONSHIP {BGR}

  The Central Bank of Nigeria has imposed fresh cash withdrawal limits on individuals and organisations, which will become effective on January 9, 2023. According to a memo issued by the CBN to banks on Tuesday, individuals will only be able to withdraw N100,000 per week (from over-the-counter, point-of-sale machines or automated teller machines), while organisations can access N500,000 per week. The memo signed by the CBN’s Director of Banking Supervision, Haruna Mustafa, directed banks to load only N200 and lower denominations into their ATMs. This means Nigerians will only be able to withdraw N20,000 per day from ATMs when the directive becomes effective. The memo read, “The maximum cash withdrawal over the counter by individuals and corporate organisations per week shall henceforth be N100,000 and N500,000 respectively. Withdrawals above these limits shall attract processing fees of 5 per and 10 per, respectively.

By Fakoyejo Olalekan The Central Bank of Nigeria (CBN) has reacted to claims that it plans to release N5000 notes after redesigning the existing lower denominations. According to the CBN’s Director of Currency Operations, Ahmed Umar, the apex bank is not introducing N5000 notes, contrary to a video circulating on social media app, WhatsApp. Umar made this known at the three-day workshop organised by the  Nigeria Deposit Insurance Corporation (NDIC) , where he was represented by CBN’s Head of Policy Development and Currency Operations, Amina Halidu-Giwa. Prime Business Africa gathered that shortly after CBN governor, Godwin Emefiele, announced in October that the apex bank would release new naira N200, N500 and N1000 notes, a video showing new N5000 notes surfaced on WhatsApp groups. This led to claims that the CBN will also release N5000 notes. However, last week, President Muhammadu Buhari unveiled the redesigned N200, N500 and N1000 notes, without the speculated N5000 notes. Speaking

  2022 World Cup has been full of surprises and disappointments some of the teams that were favorites to win the cup were eliminated in the group stage. Now the round of 16 will start and while Switzerland and South Korea were the last two teams to be invited to the round of 16, half of the teams that made it to Qatar have already been eliminated, and, starting this Saturday, the direct elimination matches will begin. The group stage of the World Cup ended this Friday with the activity of Groups G and H, in which Brazil and Portugal, already qualified, were looking to finish with a perfect record, but lost surprisingly to Cameroon and South Korea, respectively. Despite these results, Brazil and Portugal finished as group leaders, while Switzerland and South Korea were able to qualify for the next round. The round of 16 will begin Saturday: December 3 Netherlands vs. United States The European team will be the favorites at the Jalifa International. The USMNT is the only Conc