Bankers Criticize Central Bank’s Capital Guidelines Over Retained Earnings Exclusion
The Central Bank of Nigeria (CBN) has recently introduced new capital thresholds for Nigerian banks, requiring international, national, and regional banks to maintain minimum share capital of N500 billion, N200…
Key Reasons Why Nigeria Needs a Housing Survey
By: Evelyn Arinola Olanipekun Proposed Scope of the Housing SurveyA comprehensive approach encompasses:• Infrastructure Mapping: Identifying areas with sufficient infrastructure support, aiding long-term housing development planning. Potential Impact of the…
Lagos to remove illegal structures on 700km Lagos-Calabar Coastal Express right of way
The Lagos State Government says it would soon commence the removal of all illegal structures on the right-of-way of the proposed Lagos-Calabar coastal highway. The State Government has served removal…
Tinubu’s Renewed Hope Agenda working in Abuja – Wike insists
Minister of the Federal Capital Territory, FCT, Nyesom Wike, has maintained that the Renewed Hope Agenda of President Bola Ahmed Tinubu is working in the nation’s capital. He stated this…
Black out: Eko Disco announces system collapse of its power network
The Eko Electricity Distribution Company (EKEDC) has announced the collapse of it power network resulting in a loss of electricity across its network. The company disclosed this in a statement…
CBN Raises Minimum Capital Requirements for Banks
The Central Bank of Nigeria (CBN) has unveiled a significant increase in minimum capital requirements for all banks operating in the country. CBN’s Acting Director Corporate Communications Mrs Hakama Sidi-Ali made this…
Cement Prices Decrease by 26% in Abuja
The price of cement decreased between 22 per cent and 26 per cent for a 50kg bag in the Federal Capital Territory within the last five weeks. A market survey…
President Tinubu Honors Fallen Heroes of Okuoma Killings with National Awards
President Bola Ahmed Tinubu of Nigeria has posthumously honored the 17 heroes of the Okuoma killings with National Honors. The President made this announcement on Wednesday during the Burial Ceremony…
FCT Residents Struggle as Tomato Prices Remain High
The prices of tomatoes and other perishable goods in markets across the Federal Capital Territory (FCT) have continued to rise, despite the items being in season. There has been little…
FCTA Ready to Collaborate on Affordable Housing Projects in Abuja
The Federal Capital Territory Administration (FCTA) has committed to collaborating on affordable housing projects in the FCT, urging developers to undertake more infrastructural projects aligning with President Tinubu’s seven-point agenda.…