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This is part of a broader strategy to get out regulatory regime, Temporary assistance structures that allow banks to operate with relaxing rules during difficult economic times. In a circular signed by the CBN Banking Supervision Director, Olubukola Akinwunmi, which was issued on his website on Monday, the Puncak Bank said the capital restoration plan would complete other steps that …

Investors at the Nigerian equity market obtained N226 billion at the close of trade on Tuesday. This follows the surge in stock prices such as Omatek Ventures, Champions Brewers PLC and Nigerian Exchange Group, among others, on the trading floor. The Benchmark All-Share Index (ASI) increased to 121,653.93 points from 121,295.33 points recorded on the previous day. After five hours …

The presidency on Tuesday several enemies felt in the country planned to overthrow the administration of President Tinubu. Special advisory regarding information and strategies to the President, Bayo Onanuga, revealed this in a post in the Handke of X. He argued that the ongoing Tinubu government reform began to re -shape the country’s future. Onanuga described the current administration as …

Ball President Ahmed Tinubu has described the elimination of fuel subsidies as a necessity and difficult decision, explaining that they were carried out to stabilize the economy and direct public funds to the more impact sectors. The President stated this on Monday at the opening of the National Conference on Public Accounts and Fiscal Governance, organized by the Senate Public …

After some alternating arguments, with uncertainty in the air, the Nigerian government finally declared 16 years as the minimum age to enter the institutions of Nigerian higher education. Minister of Education, Dr. Supi Alausa, made this know on Tuesday when it was open to open policy meetings from the Joint Acceptance and Matriculation Council (Jamb) in Abuja. He warned the …

Investors in the Nigerian equity market obtained N193 billion at the close of trade on Monday. This follows the surge in stock prices such as Tripple Gee & Co. PLC, Ellah Lakes PLC and UPDC Real Estate Investment Trust, among others, on the trading floor. The Benchmark All-Share Index (ASI) increased to 121,295.33 points from 120,989.66 points recorded last Friday. …

Nigeria is at risk of being slapped at an extra 10% rate because US President Donald Trump has warned that countries that favor the BRICS alliance policy that are contrary to US interests will be hit by an additional 10% tariff. Trump makes this known on his social media platform, truth. The US president has become a long -term critic …

The Nigerian senate said that he would not take immediate action on the recovery of the suspended senator Natasha Akpoti-Uuduaghan until he received and reviewed the overall copy of True Copy (CTC) from the recent Federal High Court’s decision that canceled his suspension. Akpoti-Uduaghan, who represented the Kogi central Senatorial District, was deferred in March 2025 after a controversial plenary …

The Nigerian equity market experienced bullish momentum, gaining N377 billion profit in the newly completed trading Sunday. Market capitalization increased to N76,339 trillion from N75,962 trillion recorded in the previous week, while the all-end (ASI) index was valued at 0.83% to close the week with 120,989.66 points from 118,138.22 points recorded on the previous week. The market was obtained in …

The Socio-Economic and Accountability Project (SERAP) has threatened to drag Nigeria before the Ecowas Court if the Tinubu Bola President failed to take action on the Forensic Audit Report at the Delta Niger Development Commission (NDDC) between 2000 and 2019. The group urged Bola Tinubu President “to direct the Attorney General Federation and the Minister of Justice MR Lateef Fagbemi, …