- Economy
BREAKING: CBN raises capital base for commercial banks to N500bn
The Central Bank of Nigeria (CBN) has unveiled new minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion. A circular signed by the Director, Financial Policy and Regulation Department, Haruna Mustafa, to all commercial, merchant, and non-interest banks and promoters of proposed banks, emphasised that all banks are required to…
Read More » - Education
NCCE designates FCE Abeokuta as South West Resource Centre
By Kolawole Olayinka and Innocent Raphael In a landmark announcement during the 25th Combined Convocation Ceremony, the Federal College of Education (FCE), Abeokuta has been designated as the Early Grade Reading Resource Center for the entire Southwest Zone of Nigeria. Executive Secretary of the National Commission For Colleges Of Education (NCCE), Prof. Paulinus Chijioke Okwelle, speaking at the event held…
Read More » - News from States
Abiodun promises more infrastructural development
….commissions Siun-Owode road Ogun State Governor Prince Dapo Abiodun on Thursday said his government will continue with its infrastructural drive, especially in the area of road construction as a catalyst for economic growth and development. Abiodun spoke at the commissioning of the six kilometres (first phase) of the Siun-Owode-Ofada road in the Obafemi Owode Local Government of the state. Speaking…
Read More » - News from States
Kidnapping: Ogun CP tasks schools on installation of CCTV
By Kolawole Olayinka, Abeokuta Following the rampant kidnapping of school children in Nigeria, the Ogun state Commissioner of Police, Abiodun Alamutu, has charged schools to install Closed-circuit television (CCTV) and erect perimeter fences. The commissioner gave the charge during a security meeting held in Abeokuta. Alamutu stressed that the security challenges facing the educational institutions have increased. According to him,…
Read More » - News from States
EFCC nabs 74 suspected internet fraudsters in Ogun
Operatives of the Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Thursday, arrested seventy-four(74) suspected internet fraudsters in Ogun State. The agency made this known in a post on its official facebook page. EFCC said “The alleged fraudsters were arrested at Government Residential Area, G.R.A, Shagamu, in Ogun State following surveillance and intelligence exposing their suspected…
Read More » - Crime & City Diary
Easter Celebration: NSCDC Deploys 35,000 Personnel Nationwide
By Innocent Raphael The Nigeria Security and Civil Defence Corps (NSCDC) has dispatched 35,000 personnel nationwide to bolster security during the Easter celebrations. This was disclosed in a statement by the NSCDC spokesperson, CSC Babawale Afolabi, on Thursday in Abuja. Afolabi quoted the NSCDC Commandant General, Ahmed Audi, to have instructed Zonal Commanders and state Commandants to oversee deployment in…
Read More » - Homeland News
Business Expansion: Sanwo-Olu canvasses low interest rate for MSMEs
The governor of Lagos State, Mr. Babajide Sanwo-Olu has canvassed low interest rate for Micro Small and Medium Enterprise (MSMEs) in Nigeria. Sanwo-Olu said low interest rate allow them access financial support and thrive in their respective businesses. The governor spoke at the celebration of International Women’s Day in Ikeja, with the theme “Economic Inclusion of Women Entrepreneurs (NANOs/MSMEs) at…
Read More » - Crime & City Diary
Court begins trial of National Theatre staff May 21
A magistrate court in Apapa, Lagos, will on May 21, commence the trial of a National Theatre staff, Ephesian Nodza, over alleged conspiracy, defamation and sponsorship of false and malicious publications against a Lagos-based traditional ruler, High Chief Kehinde Kalejaiye. The suspect, a level 13 officer at the parastatal, was earlier arraigned in September, 2023, before Chief Magistrate Olanrewaju Olatunji…
Read More » - Politics
BREAKING: Ex-PDP National Chairman, Secondus, Sekibo declare support for Tinubu, Fubara
A former National Chairman of the Peoples Democratic Party, Uche Secondus; and members of the Presidential Campaign Council of the party for the 2023 general elections in Rivers State have declared loyalty and support for President Bola Tinubu and the state governor, Siminalayi Fubara. A former Minister of Transportation and the Director-General, PDP-PCC Rivers State, Dr. Abiye Sekibo, made the…
Read More » - News from States
NAFDAC cracks down on substandard bakeries, water factories in Rivers
By Innocent Raphael In a bid to safeguard public health, the National Agency for Food and Drug Administration and Control (NAFDAC) has launched a rigorous operation targeting substandard and unregistered bakeries and water factories in the Bonny Local Government Area of Rivers State. This was contained in a post by the agency on its official X handle on Wednesday, revealing…
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