CBN Pegs Minimum Capital Base For Banks At ₦500bn

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…

Read More

Police Foil Gunmen Attack on Police Station, Local Govt Headquarters In Anambra

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…

Read More