Following the directive by the Central Bank of Nigeria (CBN) that banks should beef up their capital base with a deadline of March 31, 2026, the financial institutions, especially those listed on the Nigerian Exchange Limited (NGX) are positioning to attract both fresh investors and existing shareholders. This emerged as the Securities and Exchange Commission (SEC)
Word Bank lists conditions that may warrant cancellation of $1.5 billion loan to Nigeria
World Bank has warned Nigeria that it could cancel a $1.5 billion loan unless the country meets strict economic reform criteria, including fiscal transparency and VAT rate increases. Nigeria has taken initial steps like raising gasoline prices and launching cash transfer programs, but must fully comply with macroeconomic policies to secure the loan. The loan
The problems facing Nigeria are well-known to all Nigerians – Peter Obi
His Excellency, Peter Obi has again shown his commitment to see a Nigeria that works for all by pointing out the ills of the society. He wrote below : “The problems facing Nigeria are well-known to all Nigerians. We are the poverty capital of the world, among the most insecure people on earth, among the hungriest,
Old Enough Yet Unmarried – Final Episode
There was a knock on the door shortly after, and it was the midwives bringing my babies in—no I’ll rephrase that, it was the midwives bringing OUR babies in. It felt so good to know that I wouldn’t be raising my twins alone; I had been prepared to face the challenges of being a single
Thousands of Youths Protest In Kenya, Nairobi on Standstill (pictures)
Thousands of mostly young people demonstrated Thursday in Kenya’s capital, Nairobi, and across the country against new tax proposals introduced by President William Ruto’s administration in its annual budget legislation. The protests paralyzed Nairobi’s central business district as horse-riding riot police deployed tear gas and water cannons against demonstrators advancing towards parliament buildings, where lawmakers
Nigeria sits on a keg of Gun powder (video)
Nigeria is indeed sitting on a keg of gun powder as the hunger and hardship bite harder across the nation. This is even more exasperating as the APC government seems aloof with the current happenstances as they continue on borrowing to spend on frivolities. A viral video was seen in the Northern part of Nigeria where
Old Enough Yet Unmarried – Episode 37
Everything was happening so fast, in a matter of minutes consent forms had been signed and I was being wheeled to the theatre. Chinedu wasn’t allowed to follow me in, he stood outside waving at me like he was saying his last goodbye. I kept telling myself that everything was going to be fine, I
Nigeria’s Debt Goes Up By ₦24.33trillionIn Three Months, Now ₦121.67trillion
Nigeria’s total public debt is now ₦121.67 trillion ($91.46 billion), the Debt Management Office (DMO) said Thursday. The DMO said as of March 31, 2024, the country’s domestic and external debts stood at ₦121.67 trillion ($91.46 billion). Nigeria’s debt rose by ₦24.33 trillion within three months – from ₦97.34 trillion ($108.23 billion) in December 2023
Those Leaders Don’t deserve any Respect – Okutepa
I am unapologetically a Nigerian of both parents. I hold no citizenship of any other nation. So, I am committed to defending Nigeria and the sovereignty of the people. Nobody can stop me from defending Nigeria state. But my loyalty to Nigerian State is not loyalty to those who forced their ways to power
Sanusi Remains Emir – Kano Govt
The Kano state Government has said the ruling delivered by a Federal High Court presided over by Justice Abdullahi Muhammad Liman, earlier on Thursday, shows Alhaji Muhammadu Sanusi II is still the Emir of Kano. The State Attorney General and Commissioner for justice, Barrister Haruna Isah Dederi, said this during a press conference held at