The new minimum capital requirements for banks operating in Nigeria, with the objective of ensuring a more safe, sound and stable banking ststem is a welcome development that will help strengthen the country’s financial system in general. This new Capital requirement is justified by the negative impact of naira depreciation on the capital base of…
The military authorities have flown HRM Clement Ikolo, the traditional ruler of Ewu Kingdom in Delta State, to Abuja following his surrender to the police. This action comes after the military declared him wanted in connection with the killing of 17 soldiers in Okuama Community. Sources revealed that after surrendering to the police, the monarch…
Atiku Abubakar, the Peoples Democratic Party (PDP) presidential candidate in the 2023 elections, has emphasized the significance of opposition unity in Nigeria following the victory of Bassirou Diomaye Faye in Senegal’s presidential election. Atiku sees Faye’s win as a compelling reason for opposition parties to unite and oust President Bola Tinubu in 2027. Atiku highlighted…
The Transmission Company of Nigeria (TCN) has announced the successful restoration of the national power grid after it experienced a collapse at 4:28 pm on Thursday. TCN issued a statement on Friday declaring full recovery of the grid by 10 pm the same day. While the Eko Electricity Distribution Company reported on Friday that it…
Reports indicate that the Senate is poised to revoke the three-month suspension of Senator Abdul Ningi (PDP – Bauchi Central), a recent development disclosed by Senate President Godswill Akpabio upon his return from the Inter-Parliamentary Union (IPU) meeting in Geneva, Switzerland. Speaking to journalists, Akpabio stated that the Senate will imminently review Ningi’s suspension, imposed…
The Nigerian government has allocated a whopping N90 billion to subsidize the 2024 pilgrimage to Saudi Arabia, as revealed by an undisclosed source within the National Hajj Commission of Nigeria (NAHCON). This was contained in an exclusive report published by Daily Trust. The subsidy comes at a time many Nigerians are facing biting hardship and…
Abraham Ogbodo, an Urhobo leader and former Editor of Guardian Newspaper, has said that the recent killing of 17 military personnel in Okuama, Delta State, is likely tied to crude oil, as with many conflicts in the Niger Delta. In an appearance on Channels Television’s Politics Today on Thursday, Ogbodo stated, “It’s very true, nothing…
Abraham Ogbodo, an Urhobo leader and former Editor of Guardian Newspaper, has said that the recent killing of 17 military personnel in Okuama, Delta State, is likely tied to crude oil, as with many conflicts in the Niger Delta. In an appearance on Channels Television’s Politics Today on Thursday, Ogbodo stated, “It’s very true, nothing…
