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BY BLAISE UDUNZE When the Central Bank of Nigeria (CBN) announced a new round of bank recapitalisation in March 2024, many expected the leading banks, especially those boasting record-breaking profits in the hundreds of billions and trillions, to sail through with ease. Their financial statements glistened with prosperity, with expanding …

Matthew Kukah, the Catholic bishop of the Sokoto diocese, has urged the US government not to redesignate Nigeria as a country of particular concern (CPC). Kukah spoke on Tuesday at the launch of the Aid to the Church in Need (ACIN) 2025 report on religious freedom in the world, held …

The federal high court in Abuja has fixed October 31 to deliver judgement in a suit seeking to stop the planned national convention of the Peoples Democratic Party (PDP) scheduled for November 15 and 16 in Ibadan, the Oyo state capital. James Omotosho, the presiding judge, fixed the ruling date …

A United States (US) district court has ordered the interim forfeiture of a property in California linked to Paulinus Okoronkwo, a Nigerian American, alleged to have been acquired with proceeds from bribery. Okoronkwo is a former general manager of the Nigerian National Petroleum Corporation (NNPC), now NNPC Limited. In September, …

The Naira yesterday appreciated to N1,495 per dollar in the parallel market from N1,500 per dollar on Monday. But the Naira depreciated to N1,464.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira …

Telecommunications giant, Globacom, has recorded another milestone at the weekend as it powered the 2025 Ofala festival to another successful conclusion. The event also sealed the company as Nigeria’s biggest supporter of culture. This year’s festival featured the Iru Ofala on Friday and the Azu Ofala on Saturday at the …

Aloy Ajimakor, one of the lawyers to Nnamdi Kanu, the detained leader of Indigenous Peoples of Biafra,IPOB was arrested on Monday morning as the protests for the release of the secessionist leaders get underway in Abuja. Ejimakor, in a post on his X handle said he was arrested alongside Prince …

The Federal Government has reaffirmed that English Language and Mathematics remain compulsory subjects for all students registering for their O’Level examinations, despite the recent streamlining of admission requirements into tertiary institutions. In a statement issued by the Federal Ministry of Education and signed by the Director of Press and Public …

By BLAISE UDUNZE Across Africa, banks are getting bigger but not necessarily better. From South Africa’s Standard Bank to Morocco’s Attijariwafa and Egypt’s National Bank, financial institutions are boasting record balance sheets, higher Tier 1 capital, and growing regional footprints. According to African Business magazine’s 2025 ranking of the continent’s …

A Real Estate firm, Adron Homes and Properties, has restated its commitment to empowering the community through the provision of affordable houses for Nigerians. This, as it was stated by the Chairman of Adron Homes, Sir Adetola Emmanuelking KOF, during the official unveiling of the Lemon Plus Friday in Ibadan, …