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The Central Bank of Nigeria (CBN) has significantly adjusted the financial thresholds within the banking sector, marking a robust stride towards bolstering the economic foundations of Africa’s largest economy. The announcement, emanating from the financial regulator’s headquarters in Abuja, introduces a revised minimum capital requirement, a decision poised to reshape the contours of banking operations across the nation. A Strategic Uplift in Capital Requirements Under the stewardship of Director Haruna Mustafa of the Financial Policy and Regulation Department, the CBN has delineated new capital benchmarks tailored to different tiers of banking operations. The adjustment is not merely an administrative shift…

In a twist that has gripped the nation, King Clement Ikolo of Ewu Kingdom, ensnared in the calamity that saw 17 gallant military personnel lose their lives in the Okuama community of Delta State, has voluntarily surrendered to law enforcement authorities. This development adds a profound chapter to a tale that has perturbed the core of military-civil relations within the region. The Incident Unfolded On a day marked by tragedy, the Okuama community became the site of a brutal ambush against Nigerian military forces. The soldiers, tasked with peacekeeping duties amidst rising tensions in the Delta region, faced an unforeseen…

During a Ramadan Iftar with traditional rulers and religious leaders at the State House in Abuja, President Bola Tinubu made a heartfelt plea to religious leaders across Nigeria, urging them to refrain from vilifying or denigrating the nation in their sermons. The President emphasized the significant role that religious figures play in shaping public opinion and fostering unity among the citizenry. Highlighting the power of words, especially those spoken by leaders of faith, President Tinubu called for more constructive criticism towards those in elective positions, rather than outright condemnation of the country. He pointed out the collective responsibility to nurture…

Kentucky Fried Chicken (KFC) Nigeria, a prominent international fast-food franchise, has publicly apologized to Adebola Daniel, the son of former Ogun State Governor Gbenga Daniel, following an incident of discriminatory treatment. The fast-food giant took to its X page on Thursday to express its regret and commitment to addressing the situation swiftly. The incident, which took place at the KFC outlet at the Murtala Muhammed International Airport (MMIA), was brought to light by Adebola Daniel himself through a detailed account shared on his official X page on March 27. Daniel recounted how he and his family were denied entry into…

Evangelist Kesiena Esiri, a prominent figure in The Remnant Christian Network (RCN), has voiced strong concerns over the portrayal of Christianity in light of actions and statements made by Pastor Chukwuemeka Odumeje, popularly known as the “Abido Shaker,” “Indaboski Bahose,” and “Liquid Metal,” among other nicknames. The evangelist’s remarks come in the wake of various TikTok comedies and viral videos that feature Pastor Odumeje’s unconventional preaching style and self-praise, sparking widespread attention and debate. During a recent church gathering, Evangelist Esiri openly criticized the Anambra-based pastor for his approach to ministry, which he feels has turned Christianity into a subject…

President Bola Tinubu has announced comprehensive support measures for the families of the fallen soldiers. During a solemn ceremony held at the National Military Cemetery in Abuja on March 27, 2024, President Tinubu declared that the federal government would provide full scholarships up to the university level for all children, including those yet unborn, of the Nigerian Army personnel killed in action. Understanding the importance of swift support, President Tinubu has directed the military authorities to expedite the process of disbursing the benefits owed to the bereaved families, ensuring that they are paid within a 90-day timeframe. Furthermore, in a…

President Bola Tinubu has officially appointed Dr. Abdullahi Usman Bello as the new Chairman of the Code of Conduct Bureau (CCB). This appointment, announced on March 28, 2024, awaits the approval of the Nigerian Senate before Dr. Bello can fully assume his responsibilities. With an extensive background spanning over 25 years across various sectors, including consulting, banking, law enforcement, financial services, and academia, Dr. Bello brings a wealth of experience and professionalism to the table. His diverse career path equips him with a unique perspective and the necessary skills to navigate the complexities of public service ethics and conduct. The…

The Nigerian arts and culture scene mourns the loss of Wole Oguntokun, a distinguished playwright, theatre director, and lawyer, who passed away at the age of 56 on Wednesday, March 27, 2024. The sad news of his passing was shared by his close friend and esteemed film director, Kayode Peters, through a heartfelt post on Instagram the following afternoon. Oguntokun, a luminary in the Nigerian theatre scene, was celebrated for his significant contributions to the arts, both within Nigeria and in his later years, in Canada, where he had moved. His works, known for their depth and creativity, left an…

Within the Christian faith, Holy Week marks a period of profound reflection and observance, culminating in the resurrection of Jesus Christ. Among the significant days commemorated, Good Friday holds a pivotal place, focusing on Jesus’s crucifixion and the sacrifice he made for humanity’s sins. The Beginning: Palm Sunday and Holy Thursday The journey through Holy Week starts with Palm Sunday, symbolizing Jesus’s triumphant entry into Jerusalem. The week progresses to Holy Thursday, observed this year on March 28, commemorating the Last Supper and Jesus’s acts of humility and service, such as washing his disciples’ feet and instituting the Holy Communion.…

The Federal Airports Authority of Nigeria (FAAN) has ordered the closure of a KFC food outlet located at the Murtala Muhammed International Airport, Lagos, effective from March 28, 2024. The sanction came after a social media outcry from Adebola Daniel, the son of former Ogun State Governor, Gbenga Daniel, who reported discriminatory treatment at the establishment due to his physical disability. FAAN, in a statement by Mrs. Obiageli Orah, Director of Public Affairs and Consumer Protection, declared the closure in accordance with the Lagos State law on People with Special Needs, specifically citing Part C, Section 55 of the General…