The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the apex bank’s Monetary Policy (MPC). The…
Halima Kazeem, an Economic and Financial Crimes Commission (EFCC) witness, told an Abuja court that a former General Manager with the Nigerian National Petroleum Corporation (NNPC), Aminu Baba-Kusa, gave his statement voluntarily. The EFCC charged former National Security Adviser (NSA) Col. Sambo Dasuki , Baba-Kusa, Acacia Holdings Limited and Reliance Referral Hospital Limited with criminal…
The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The CBN Governor, Yemi Cardoso, said this on Tuesday in Abuja while presenting the communiqué from the 304th meeting of the Monetary Policy Committee (MPC). The…
The Economic and Financial Crimes Commission (EFCC) has explained why it is yet to charge the former Governor of Kaduna State, Malam Nasir El-Rufai, to court after he was interrogated for three days. The News Agency of Nigeria (NAN) reports that El-Rufai was held in EFCC’s custody for two nights, from Feb. 16 to Feb….
Gov. Peter Mbah of Enugu State has urged young innovators to harness opportunities in Artificial Intelligence (AI) and emerging technologies to address pressing societal challenges in health, education and agriculture. Mbah made the call on Tuesday during the opening ceremony of the second edition of the Enugu Tech Festival, held at the International Conference Centre,…
Gov. Siminalayi Fubara of Rivers, has said that his administration achieved a lot in the health sector in the past two and half years, especially with employment of over 2,000 health workers. Fubara made the remark in a statement issued by Mr Onwuka Nzeshi, the Chief Press Secretary to the Governor in Port Harcourt on…
The Inspector-General of Police, Mr Kayode Egbetokun, has resigned from office. Egbetokun, whose tenure was extended by one year in 2025 by President Bola Tinubu, tendered his resignation letter on Tuesday, citing personal family reasons. Presidential spokesperson, Mr Bayo Onanuga, confirmed the development upon enquiries from journalists. “A statement will be issued later in the…
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a former Managing Director of the Nigerian Railway Corporation (NRC), Fidet Edetanle, over alleged money laundering involving $385,000 and N165.5 million. Edetanle is standing trial before an Ikeja Special Offences Court on a seven-count charge bordering on abuse of office, money laundering and unlawful enrichment…
A security expert, Mr Seyi Babaeko, has welcomed the appointment of Mr Olatunji Disu as the new Inspector-General (I-G) of Police, describing it as a strategic move with the potential to modernize and reform the Nigeria Police Force. Babaeko, Managing Director and CEO of Absolute Security and Advance Protocol Ltd, shared his views in an…
The Indian Army’s General Officer Commanding (GOC), 31 Armoured Division, Maj.-Gen. Mandeep Singh, said any army must be technologically enabled and self-reliant. He made the remarks during a high-intensity integrated manoeuvre exercise at the Pokhran Field Firing Range in Rajasthan. Singh explained that modern battlefields were increasingly complex, requiring agile, networked forces capable of operating…
