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…
Reports reaching Ekweanaedo news desk say one of the suspects declared wanted by the military in connection with the brutal murder of 17 soldiers, King of Ewu kingdom, Ikolo Clement has surrendered himself to the authorities. Clement, a newly installed traditional ruler of Ewu Kingdom in Ughelli South Local Government Area, Delta State, was among…
Nigeria, on Thursday, suffered another national grid collapse the third time in three months The Abuja Electricity Distribution Company confirmed this on its social media handles. The AEDC said the national grid collapsed at about 4:28 pm, plunging the country into darkness. “Dear valued customers, please be informed that the current power outage is due…
The traditional ruler of Ewu kingdom, Clement Ikolo, has expressed shock at his name being on the list of wanted persons in connection with the Okuama killings. Following The killing of 17 military personnel on March 14, 2024, by some irate youths during a peacekeeping mission in the Okuama community, the Defence Headquarters, on Thursday,…
Wonders they say shall never end or how else can one explain a situation where a pastor charges people to teach them how to perform miracles. The pastor in question is A British-Zimbabwean man, Pastor Uebert Angel Mudzanire. Recently the pastor left many people wondering when he said that he would be holding an online…
Some yet-to-be-identified armed hoodlums have been resisted from exerting mayhem on a police formation in Anambra State and against the officers of the Command attached to the station. The State’s Police Public Relations Officer, SP Ikenga Tochukwu, disclosed this while reacting to the foiled invasion of Neni Divisional Police Headquarters, in Anaocha Local Government Area…
Staff of Anambra State House of Assembly, under the aegis of Parliamentary Staff Association of Nigeria, PASAN, Anambra State Chapter, has embarked on an indefinite strike. The industrial action followed the failure of the Governor Charles Soludo-led government to grant full legislative financial autonomy of the Anambra State House of Assembly. In a circular signed…
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,…
Military authorities in Nigeria on Thursday have freed the Editor of a media platform FirstNews, Segun Olatunji, who was abducted from his home in Lagos State on Friday, March 15, 2024. His release comes after days of sustained pressure by his professional colleagues and other well wishers Olatunji was released to some media stakeholders, including…
The Federal Airports Authority of Nigeria on Thursday shut down a branch of a popular food outlet, KFC, at the Murtala Muhammed Airport, Lagos State. In a statement signed by its Director, Public Affairs and Consumer Protection, Mrs Obiageli Orah, it noted that the food outlet violated the Lagos State law on People with Special…
