By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion and those withContinue Reading
By Philip Yatai The Federal Capital Territory Administration (FCTA), has assured residents of the territory of maximum security throughout the Easter celebration and beyond. Dr Peter Olumuji, Secretary, Command and Control Centre, FCTA, gave the assurance in an interview with the News Agency of Nigeria (NAN) in Abuja onContinue Reading
By Naomi Sharang/Lydia Ngwakwe The National Assembly has assured the Ministry of Works of adequate budgetary provision for the completion of the Lagos-Calabar Coastal Highway which has a contract sum of N1.067 trillion The Chairman, joint National Assembly Committee on Works, Sen. Barinada Mpigi, gave the assurance when heContinue Reading
By Tunde Rahman Today is President Bola Tinubu’s 72nd birthday. Instead of rolling out the drums to celebrate the day, the President directed there should be no celebration of any kind, including placing newspaper, radio or television advertorials in his honour. He urged anyone wishing to do such for himContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN), has increased the minimum capital requirement for Deposit Money Banks (DMBs) with national licences from N25 billion to N200 billion. The apex bank also increased capital requirement for banks with regional licences from N15 billion to N50 billion , and thoseContinue Reading
By Amen Gajira The Nigeria National Petroleum Company (NNPC) Limited in partnership with TotalEnergies Upstream Nigeria Limited has donated a maternal and child referral centre to Kwoi community in Jaba Local Government Area of Kaduna State. The News Agency of Nigeria (NAN) reports that the facility is sited within theContinue Reading
By Edith Nwapi Justice Abubakar Kutigi of a High Court of the Federal Capital Territory (FCT), on Thursday discharged former Attorney-General of the Federation (AGF), Mohammed Bello Adoke, SAN, and six others. They were charged with legations of committing infractions relating to the controversial Oil Prospecting Licence (OPL) 245, otherwiseContinue Reading
By Rukayat Adeyemi Zenith Bank Plc. on Thursday expressed optimism that it would submit its 2023 full-year audited financial statement to the Nigerian Exchange Ltd. (NGX) on or before April 30. The Company Secretary, Zenith Bank Plc., Mr Michael Otu, stated this in a notification sent to the NGX inContinue Reading
By Rukayat Adeyemi Shareholders of Africa Prudential Plc., on Thursday unanimously approved a total dividend of N900 million declared by the company for the financial year ended Dec. 31, 2023. They gave their approval at the company’s 11th Annual General Meeting (AGM) in Lagos. The News Agency of Nigeria (NAN)Continue Reading
By Millicent Ifeanyichukwu/Bolu Akindoyin A Lagos lawmaker, Mr Ademola Shabi, has flagged off construction work on Abudu Street, Abule-Oja, Yaba under Lagos Mainland Local Government, to ease the plights of residents and motorists in the area. Shabi, representing Lagos Mainland Constituency II in the Lagos State House of Assembly, saidContinue Reading
