Year: 2023
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8 Banks Fail CBN’s Stress Test on Foreign Operations
The Nation Newspaper Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation, the stress test conducted by the Central Bank of Nigeria (CBN) has shown. The affected banks have been put under pressure to raise their capital base to bridge the gap, which was brought about by the…
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Two arrested over killing of OAU student for Rituals
The Ogun State police command has confirmed the arrest of two persons, Akeem Usman and Niyi Ifadowo, for allegedly killing 18-year-old 100-level Obafemi Awolowo University (OAU) student Quadri Salami for rituals. SP Omolola Odutola, the state Police Public Relations Officer (PPRO), disclosed this in a statement issued in Abeokuta on Wednesday. Ms Odutola stated that…
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Just In: Gunmen Stole Kogi Gov’ship Election Petitions from Tribunal Secretary – Police
Kogi State Police Command has confirmed that gunmen attacked the secretary of the state governorship election Tribunal, Mr David Umar Mike on Monday in Lokoja and made away with sensitive petition documents on the just concluded gubernatorial election in the state. The state police command’s Police Public Relations Officer (PPRO), SP William Aya, disclosed this…
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Gbajabiamila Reacts To Billions of Naira Reportedly Earmarks For His Residence
The Chief of Staff (CoS) to the President, Femi Gbajabiamila, has debunked stories making the rounds online that a huge amount of money was budgeted for the renovation of his residence in the 2024 Appropriation Bill. There has been a backlash, especially on social media, following claims that N10bn was budgeted for the renovation of…
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Reps Committee Orders Arrest of CBN Governor, Accountant-general, 17 Others
The Cable News The house of representatives committee on public petition has issued a warrant of arrest on Olayemi Cardoso, governor, Central Bank of Nigeria (CBN) for refusing to appear before it to answer questions on their operations. The committee also ordered the arrest of Oluwatoyin Madein, accountant general of the federation, and 17 others.…
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Frustration, Mass Resignation Hit Public Varsities – ASUU Tells President Tinubu
The Academic Staff Union of Universities (ASUU) has raised the alarm that most departments and units in Nigeria’s public universities are shortstaffed due to the resignation of lecturers in search of greener pastures. The Union said poor and delayed salaries, unpaid allowances, poor infrastructure, a lack of respect for the academic community, and seeming dwindling…
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What You Need To Know About UK New Visa Rules
The United Kingdom,UK, government has unveiled a comprehensive five-point plan in a bid to curb immigration. Mixed reactions have trailed the plan, which encompasses various measures, such as prohibiting care workers from relocating with their families and increasing the minimum salary requirement for skilled worker visas. Pressure is mounting on James Cleverly, who assumed the…
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Why Supreme Court Should Nulify Tinubu’s Inauguration as President – Ex-presidential Candidate
Hope Democratic Party (HDP) and its presidential candidate in the 2019 general election, Ambrose Owuru, have asked the supreme court to void the inauguration of Bola Tinubu as president of Nigeria. The appellants are arguing that Tinubu ought not to have been sworn in as president since he is joined as a respondent in the…
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American Oil Firm Set To Build Refinery in Nigeria
American oil firm, Barker Hughes, has expressed interest in investing in refineries in the country, as the federal government intensifies effort to end petroleum products importation. Nigeria, a major crude oil producer, imports all its petroleum products, which has put enormous pressure on its currency in the foreign exchange market. But speaking during a meeting…
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UK Announces Stricter Measures For Migration
The United Kingdom has announced it would raise the minimum salary threshold for a skilled worker visa and prevent overseas health and social care staff from bringing family dependents to Britain. Prime Minister Rishi Sunak’s office trumpeted the proposals as “the biggest clampdown on legal migration ever”. But critics said it would damage the state-run…