The Central Bank of Nigeria (CBN) on Tuesday announced that sixteen banks have already met the new capital requirements. Speaking at the end of the Monetary Policy Committee (MPC) meeting on Tuesday in Abuja, Olayemi Cardoso, the governor of the Central Bank of Nigeria (CBN), said the recapitalisation exercise was unfolding smoothly and in line […]
Lagos State Governor, Mr Babajide Sanwo-Olu yesterday presented a N4.237 Trn Appropriation Bill of budget estimate for the year 2026 before the State House of Assembly. The budget has a Total Revenue of N3.993 Trillion and Deficit Financing of N243.332bn. Tagged, ‘The Budget of Shared Prosperity,’ Sanwo-Olu said that the budget is meant to build […]
A total budget of N1,390,000,000,000 (One Trillion, Three Hundred and Ninety Billion Naira) has been proposed for the 2026 Financial Year in Akwa Ibom State. Of this amount, N354.867 billion, or 25 per cent of the total budget, is allocated for Recurrent Expenditure. In contrast, N1.035 trillion, which represents 75 per cent of the budget, […]
The Federal Government of Nigeria has abolished the open grazing of cattle in the country. Speaking in Yola Adamawa State during the 1st National Council on Livestock Development the Minister Mallam Idi Muktar Maiha said open grazing has caused unnecessary hiccups in the past years creating crisis and loss of needless lives across the country. […]
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for its financial performance for 2024. This represents a 64 per cent increase from N3.3 trillion PAT recorded in 2023. Mr Bashir Ojulari, Group Chief Executive Officer, NNPC Ltd. disclosed this […]
The South-East Caucus in the House of Representatives has appealed to President Bola Tinubu to grant clemency to Nnamdi Kanu, the convicted leader of the proscribed Indigenous Peoples of Biafra (IPOB), who was last week sentenced to life imprisonment after being found guilty of terrorism. The 42 members of the caucus resolved to make a […]
Former Edo State governor, Senator Adams Oshiomhole, and the Deputy National Organising Secretary of the All Progressives Congress, Nze Duru, on Monday, took a swipe at former Vice President Atiku Abubakar, describing him as a “serial loser” who has failed to reform or stabilise any political party he has joined. Oshiomhole and Duru made the […]
The National Executive Council of the Academic Staff Union of Universities will meet on Wednesday to decide the union’s next line of action following the conclusion of renegotiations undertaken by the Yayale Ahmed-led committee set up by the Federal Government, The PUNCH has learnt. In a last-minute effort to avert a fresh ASUU strike, the […]
In response to the escalating security crisis in the region, the 19 Northern governors have scheduled an emergency meeting for November 29, 2025, to be held in Kaduna State. The planned meeting is coming on the heels of a parley by the South-West governors, which took place at the Oyo State Governor’s Office in Ibadan, […]
The Federal Government has announced a significant policy initiative to digitise the cooperative sector, which is set to be a cornerstone of the Cooperative Reform Programme for 2026. Minister of State for Agriculture and Food Security and the Coordinating Minister for Cooperative Reform, Dr. Aliyu Abdullahi, made this known during a national symposium in Abuja. […]
