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Nigerian Central Bank Governor (CBN), Yemi Cardoso, said on Tuesday that 14 banks had fully met new capital requirements in the ongoing recapitalization training. The CBN Governor stated this when he presented the communication from the 302th meeting of the Apex Bank Monetary Policy Committee (MPC) in Abuja. CBN has, earlier this year, introducing new minimum capital base requirements for …

Nigerian currency, Naira, won an American dollar at an official window on Tuesday. Foreign currency data of the Central Bank Nigeria (CBN) shows that Naira is closed on N1,487.36/$ 1, compared to N1.488.60/$ 1 which is traded on Monday. This represents the appreciation of N1.24 for local currencies against American Greenback. Naira obtained an N5 against the dollar to trade …

First Lady Olrelmi Tinubu has announced that over n20.45 billion were collected to complete the National Library in Abuja. First Lady revealed that the funds were generated through its Olrelmi @65 educational fund, a Legacy birthday project. Speaking at a lunch with the correspondents of the State House in Abuja Tuesday to mark his 65th birthday, Tinubu said that he …

A Nigerian Army Special Court-martial sitting in Abuja on Tuesday sentenced a former Group Managing Director, Nigerian Army Properties Limited, Maj.-Gen. Umar Mohammed, to 7 years imprisonment for stealing the sum of $2,178,900 and N1.65 billion belonging to the Nigerian Army Property Limited (NAPL). Mohammed was sentenced after the court found him guilty of 14 count charges out of 18 …

The Private Company Promotion Center (CPPE), has praised the decision of the Nigerian central bank to reduce interest percent. Think-economic tank, which has encouraged interest cutting, notes that the decision will have a positive impact on the economy. CPPE, in a statement issued on Tuesday by the Chief Executive, Muda Yusuf, said several implications of the decision including improving credit …

Nigerian social media users have come down to controversial Islamic scholars, Sheikh Ahmad Gumi, after the photographs of graduation from his son from the Nigerian Defense Academy (NDA), appeared on several platforms. Images of ulama and sympathizers of bandits based in Kaduna with his son, Abdulrahaman Ahmad, who graduated as Lieutenant, was also distributed by a former member of parliament …

A civil society guard dog accused Senator suspended Natasha Akpoti -Usuaghan of Orchestrate a violent offer to take the national assembly assault after his office had not been sealed. National Integrity Watch states that the video movies showing the deputy director of the sergeant -at -ars, Alabi Adedeji, who removed a red seal from the Senator’s office door at the …

Post views: 30 Dr. Ahaotu Ikenna Henry The Ebonyi State University of ICT, Science and Technology, Oferekpe, has announced the introduction of 20 new academic programs for the academic session of 2025/2026. Deputy Chancellor of the Institution, Engr. Prof. Ernest Iutma Egba revealed this development after receiving the approval from the National University Commission (NUC). The letter of approval …

The French Media group Canal+ has announced a new council to direct the South African broadcaster Multichoice (MCGJ.J), after taking control of the company through the acquisition of 35 billion rand ($ 2.02 billion). The takeover gives a canal+ dominant foothold in the fast -paid TV market that grows, where multichoice operates in 50 countries. It also marks a big …

On a scorching Tuesday afternoon at the entrance of Obafemi Awolowo University, where Town-Gboro buses regularly drop off and pick up students and staff, a group of teenagers, aged between 11 and 17, darted between passersby, pleading for alms. The children were Kudus Ayomide, Ayomide Olabosun, Ezekiel Fajemila, Olabosun Daniel, and Toheeb Akinpelu. “Uncle, please help me—give me anything you …