CBN: 30 Banks Have Scaled New Minimum Capital Thresholds, Vows to Maintain Close Supervision James Emejo in Abuja and Nume Ekeghe in Lagos
The Central Bank of Nigeria
(CBN), yesterday, disclosed that 30 banks have met the new minimum capital requirements applicable to their respective
licence authorisations as of March 6, 2026. The CBN further stated that in total, 33 banks have
raised additional capital through rights issues, initial public offerings (IPOs), and private placements as part
of the ongoing industry recapitalisation programme. In a statement, CBN's Acting Director, Corporate
Communications, Mrs. Hakama Sidi Ali, said the capital positions of the
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Edun: Nigeria’s Economy Undergoing Correction...
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Tinubu Approves Posting of 65 New Ambassadors, High Commissioners Directs foreign affairs ministry to commence induction course for new envoys ADC: Posting another blunder, evidence of incompetence
Deji Elumoye and Chuks Okocha in Abuja
President Bola Tinubu has approved the postings of 31 career and 34 non-career
ambassadors to various countries and the United Nations.
The African Democratic Congress (ADC) has criticised the Tinubu
administration’s announcement of ambassadorial postings, describing it as a diplomatic
blunder and a confirmation of the government’s storied Continued on page 5
US, Israel Ramp Up Iran Strikes, FG Urges Stranded Nigerians to Stay Put Until Ceasefire
Trump demands unconditional surrender from Iran Oil price hits $90 per barrel Russia providing Iran intelligence to target US forces, officials say Report: War costs US $890m daily Rewane to CBN: Build Reserve, resist temptation to boost naira Story on page 5
GRID ASSET MANAGEMENT COMPANY REVIEW COMMITTEE INAUGURATION...
L-R: Minister of State for Gas Resources, Ekperikpe Ekpo; Minister of Works, David Umahi; Minister of Finance and Coordinating Minister of Economy, Olawale Edun; Chief of Staff to the President, Femi Gbajabiamila; Minister of Justice and Attorney General of the Federation, Lateef Fagbemi; Minister of Aviation, Festus Keyamo; Minister of Communication, Olatunbosun Tijani; Executive Chairman, Nigeria Revenue Service, Zacch Adedeji, and Minister of Innovation, Science, and Technology, Kingsley Tochukwu Udeh, during the inauguration of the cabinet committee to review and align existing laws and regulations on the establishment and incorporation of the Grid Asset Management Company limited (GAMCO) held at the Presidential Villa Abuja…yesterday PHOTO: GODWIN OMOIGUI
Amaechi Escapes Gunmen Attack in Rivers as Thugs Raze ADC Secretariat...
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