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Eight commercial banks have fallen short of the Capital Adequacy Ratio (CAR) required for international authorisation, the stress test conducted by the Central Bank of Nigeria (CBN) has shown. The affected banks have been put under pressure to raise their capital base to bridge the gap, which was brought about by the depreciation of…
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2023 CAF Player Award: Osimhen, Salah, Hakimi Make Final Three Shortlist Super Eagles and Napoli striker, Victor Osimhen, will battle Mohamed Salah of Egypt and Morocco’s Achraf Hakimi for the 2023 CAF Men’s Player of the Year award, Completesports.com reports. The final three shortlist was announced by CAF on their X handle. Osimhen is…
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The Federal Government through the Central Bank of Nigeria, has raised the exchange rate for cargo clearance from N783/$ to N952/$. This is coming barely three weeks after the rate was increased from N757/$ to N783/$. The PUNCH reported in November, that the exchange rate for cargo clearance was raised from N757 per dollar to…
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Bandits operating on federal highways in Niger State have shot dead a bus driver and kidnapped eight passengers during an attack. The bandits, who made contact with family members of the captives, are said to have demanded a N17 million ransom for their freedom. PUNCH Online learnt on Tuesday that the incident occurred last Saturday.…
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The Ooni of Ice, Oba Adeyeye Ogunwusi, has refuted reports that he visited embattled former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele at Kuje jail. The monarch’s spokesperson, Moses Olafare, told reporters on Wednesday that Oba Ogunwusi was at the prison on behalf of Hopes Alive Initiative, HAI, a non-governmental organisation that…
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Norman Lear, the legendary creator of sitcoms including “All in the Family,” died Tuesday, Dec. 5, at the age of 101. A spokeswoman for the family, Lara Bergthold, confirmed the news to the New York Times Wednesday, Dec. 6,sharing that Lear died at his home in Los Angeles. “Thank you for the moving outpouring of…
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Despite an arrest warrant issued by the International Criminal Court (ICC), Russian President Vladimir Putin visited Saudi Arabia for a meeting with Crown Prince Mohammed bin Salman (MbS) on Wednesday, December 6 to discuss various issues, including oil production, OPEC+, and the conflicts in the Gaza Strip and Ukraine. The meeting in Saudi Arabia follows Putin’s…
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American singer, Taylor Swift has been named TIME Magazine’s Person of the Year. The 33-year-old pop star, whose massive 66-date tour earned her billionaire status this year, beat King Charles, Sam Altman, the prosecutors who accused Donald Trump, Vladimir Putin, Barbie, Xi Jinping, the Hollywood workers on strike, Carlos III and Jerome Powell for the…
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Gunmen who abducted the parish priest of St. Michael’s Catholic Church Umuekebi in the Osuowerre autonomous community in the Isiala Mbano Local Government Area of Imo State, Rev. Fr. Kingsley Eze and his driver, have demanded N10m ransom. Gunmen kidnapped the priest, also known as Father Ichie, and his driver, Uchennna Newman, at Orieama…