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The Central Bank of Nigeria has announced new guidelines on its recapitalisation policy for banks in the country. The new guidelines were disclosed in a statement signed by its Acting Director, Corporate Communications, Sidi Ali, in Abuja on Thursday. She said the apex bank had directed commercial banks with international authorisation to increase their capital base to N500bn and national ...
Entertainment
March, 2024
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29 March
National Electricity grid collapses second time in 2024
The national power grid collapsed, on Thursday, plunging the nation into blackout. It was Transmission Company of Nigeria (TCN)’s second electricity system collapse in 2024. The Transmission Company of Nigeria, TCN, suffered the collapse of electricity grid which has hampered the electricity companies, DisCos, from distributing power across the country The incident scuttled the distribution of electricity by the electricity ...
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28 March
Revealed : 8 most wanted over killing of 17 officers
The Nigeria Defence Headquarters has declared eight people wanted in connection with the gruesome murder of 17 soldiers in the Okuama community of Ughelli South Local Government Area of Delta State. 17 military men were killed during a communal clash in Delta State. They were reported to have died while responding to a distress call amid a confrontation between the ...
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28 March
Actress Eniola apologizes publicly over award to Bobrisky
Dear Esteemed Members of the PublicI write to you today with a heavy heart, filled with regret and remorse over the events that unfolded at my movie premiere, “AJAKAJU,” on Sunday, 24th March, 2024. I address you all today, taking full responsibility and seeking your pardon with my deepest regrets for the distress and turmoil caused by the events surrounding ...
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28 March
Tinubu orders fish out for killers of Slain 17 soldiers
President Bola Ahmed Tinubu who attended the burial ceremony of the 17 slain soldiers himself, is insisting that the killers of 17 officers and men of the Nigerian Army in Delta State on March 14, 2024, must be arrested. This is as families demanded justice during the burial of the slain military personnel at the National Cemetery in Abuja on ...
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28 March
Honours, awards and benefits for 17 Slain Soldiers
National honours at death has comes the way of the 17 Soldiers who were gruesomely murdered in an ambush two weeks back. Tinubu fulfilled the promise he had made while breaking the Ramadan fast with the Speaker of the House of Representatives, Tajudeen Abbas, and the House leadership at the Presidential Villa on March 20. At the time, Tinubu declared, ...
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28 March
Okwuoma killings produces 21 orphans, 10 widows (3 pregnant) dependants
The Okuama killing has added to the care of the Nigerian Army and, by extension, the Nigeria state – 10 windows (three of whom are four, five, and eight months pregnant), 21 orphans, and many other dependents which include parents. “While commiserating with the families of these gallant soldiers, I assure them that the Nigerian Army and the good people ...
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28 March
Fears over new Olubadan health at 84, on bed rest, ex- gov Ladoja on queue
There are reasons for fears and concerns of the health status of soon to be coronated Olubadan. There were concerns that the Oba Olakulehin had not made any public appearance 12 days after he was named the Olubadan-designate, following the passage of Oba Balogun. According to tradition, the next in line to Olakulehin is Rashidi Adewolu Ladoja, a former governor ...
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27 March
Murdered 17 soldiers in Okuama for burial today
The Nigerian Army says soldiers killed in the Okuama community in Delta State are to be buried today (Wednesday), at the National Cemetery, Abuja. This was disclosed in a statement posted on the Nigerian Army’s X handle on Tuesday, adding that the burial will be held by 3 pm. President Bola Tinubu is billed to be the Special Guest of ...
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26 March
CBN makes U-turn, begins dollar sales to BDCs
The Central Bank of Nigeria has has reconsider the ban on selling dollar to Bureau de Change Operators. YOUNEWS recalled that On July 27, 2021, the CBN discontinued the sale of foreign exchange to BDCs, accusing them of trading FX wholesale amounts greater than $5,000, in contravention of their licences, and Nigeria’s FX regulations From now on, CBN will be ...
