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The Central Bank Nigeria on Thursday, unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at N500bn. This is coming days after the apex bank urged Nigerian banks to expedite action on the recapitalisation of their capital base to strengthen the …

Member, Presidential Advisory Committee on Drugs, Otunba Lanre Ipinmiso, at the event. Prominent health professionals in Nigeria have made a case for holistic tackling of drugs misuse, saying there is the need for multidimensional approach to creating a drug free society. The experts: the Managing Director of Serenity Royale Hospital, …

Khalil Suleiman Halilu, NASENI CEO The National Agency for Science and Engineering Infrastructure (NASENI), says it is projecting to lift 2.5 million Nigerians out of poverty within five years, through technology transfer and its various programmes. Its Chief Executive Officer (CEO), Mr Khalil Halilu, made this known at a media …

Zach Adedeji The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, says additional taxes will not be introcuced in the country by the agency. Adedeji, as made known in a statement by his  Special Adviser on Media, Dare Adekanmbi,  said this on Wednesday, when the Chief Executive Officer of …

The Nigerian Defence Headquarters on Thursday morning declared eight people wanted over the gruesome killing of 17 military personnel in Delta State on March 14, 2024. This was announced in a circular issued by the Defence Headquarters via its verified social media platforms which identified the suspects as follows: 1. …

Justice Abubakar Kutigi of the FCT high court has dismissed the charges of fraud, bribery and conspiracy filed against Mohammed Bello Adoke, former attorney-general of the federation, by Economic and Financial Crimes Commission (EFCC). Ruling on the “no case” submission made by Adoke, Kutigi said the EFCC failed to prove …

Olubunmi Tunji Ojo, Interior Minister_ The federal government has declared Friday, March 29 and Monday, 1st April, as public holidays to mark the celebrations of 2024 Good Friday and Easter Monday respectively. The minister of interior, Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government. The minister made the …

Former Director of the Department of State Services, DSS, Mike Ejiofor, has blamed the escape of Binance executive, Nadeem Anjarwalla, from custody on negligence and compromise. Recall that the Federal Government has been investigating money laundering and terrorism financing transactions allegedly done on the Binance currency exchange platform. To this …

The Senate on March 12 suspended Senator Ningi for three months over allegations of budget padding. The suspended senator representing Bauchi Central in the Nigerian Senate, Ahmed Ningi, has written to Senate President Godswill Akpabio, demanding that his suspension should be lifted. SaharaReporters had reported how Ningi, a Peoples Democratic …

Justice Kio emphasised that Omehia never sought recognition from the state government or the House of Assembly and thus cannot legitimately demand the funds paid to him erroneously. Justice Daketima Kio of the Rivers State High Court has declared that Mr Celestine Omehia cannot be held accountable for the payment …