The Central Bank of Nigeria has overhauled its cash-handling rules, lifting deposit limits and increasing weekly withdrawal thresholds to N500,000 for individuals and N5 million for corporates.
Analysts say Nigeria’s economic gains are largely on paper, with macro improvements yet to translate into real relief for citizens. Experts urge targeted reforms for inclusive growth.
Oyo State approved the conversion of 654 civil servants after qualification upgrades, signaling an end-of-year workforce incentive under Governor Seyi Makinde.