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CBN Pegs Minimum Capital Base For Banks At ₦500bn

The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorization at ₦500 billion.A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks emphasized that all banks are required to meet the minimum capital requirement within 24 months commenci...

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INEC Disowns LP’s National Convention

The Independent National Electoral Commission (INEC) has disowned Wednesday’s Labour Party’s national convention held in Anambra.The Chief Press Secretary to INEC Chairman, Rotimi Oyekanmi, said this in Abuja.Oyekanmi said that the conduct of the convention was not monitored by INEC, declining to state further why it was not monitored.The LP had on Tuesday shifted the convention from Umuahia in Abia to Nnewi, Anambra State....

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DHQ Declares Eight Wanted For Killing Soldiers in Delta

The Defence Headquarters has declared eight persons wanted over their roles in the recent killing of 17 military personnel in Delta State.The military released the list on Thursday at a briefing in Abuja.Those declared wanted are Prof. Ekpekpo Arthur, Andaowei Dennis Bakriri, Akevwru Daniel Omotegbo (a.k.a Amagben), Akata Malawa David, Sinclear Oliki, Clement Ikolo Ogenerukeywe, Reuben Baru, and Igoli Ebi....

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Court Orders Release of 313 Suspected Terrorists

A Federal High Court in Borno has ordered the release of no fewer than 313 suspected terrorists arrested by the military.The court ordered their release for lack of evidence to nail the suspects after investigation.The Director, Defence Media Operations, Major General Buba Edward, confirmed this during the operational briefing in Abuja.He added that the suspects would be handed over to the Borno State Government for further action....

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FIRS Will Not Introduce Additional Taxes – Adedeji

The Chairman of the Federal Inland Revenue, Zacch Adedeji, has restated the agency’s commitment not to introduce additional taxes in the country.Adedeji stated this when the Chief Executive Officer of Guinness Nigeria Plc, Adebayo Alli, led the management team of the company on a visit to the Revenue House in Abuja.The FIRS boss, in a statement signed by the Special Adviser on Media to the FIRS chairman,  Dare Adekanmbi, was quoted as saying the ...

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Delta 17: President Tinubu, Governors Pay Final Respects As Military Buries Gallant Soldiers

President Bola Tinubu, on Wednesday, led governors, federal lawmakers, military top brass, dignitaries, grieving families and inconsolable friends of 17 gallant military personnel gruesomely murdered in Delta State to lay wreaths in honour of the slain officers and soldiers.The President was the Special Guest of Honour at the inauspicious occasion at the National Military Cemetery, Abuja.The soldiers were ...

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Slain Soldiers Left 21 Orphans, 10 Widows –COAS

The Chief of Army Staff, Lieutenant General Taoreed Lagbaja, on Wednesday, regretted that 21 children had been orphaned and 10 women widowed by the recent killing of 17 military personnel in Delta State.He said out of the 10 widows, three of them are four, five, and eight months pregnant.He noted that it was sad that those responsible for their deaths were those they swore to protect.Lagbaja spoke at the burial ceremony for the slain perso...

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NLC Rejects Abure Reelection as LP National Chairman

The leadership of Nigeria Labour Congress (NLC) has vowed not to accord the National Chairman of Labour Party, Julius Abure, any form of recognition following his re-election.Abure was returned as the party national chairman at a national convention of the party held in Nnewi, Anambra State.The convention also saw all members of the National Working Committee return.The slots for represen...

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President Tinubu Establishes 31-Member Economic Coordination Council, Management Task Force

President Bola Tinubu has established the Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum, among 27 others.The Presidency in a statement signed by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, said the move is in furtherance of his administration’s efforts at re-engineering the nation’s ec...

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NCC Insists on SIM-NIN Deadline, Telcos Bar Lines Friday

The Nigeria Communications Commission has warned that telecommunication companies will disconnect more Subscriber Identity Module (SIM) numbers not linked to National Identification Numbers (NIN) on Friday, March 29, 2024. The Director of Public Publicity at the NCC, Reuben Mouka, told journalists that there would be no changes to the deadline for the next phase of disconnection. The NCC’s ...

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