Nigeria’s banking sector is being reshaped by one of the most ambitious recapitalisation programmes in its history. If you bank, invest, or do business in Nigeria, understanding how this works and where each bank stands matters. In 2024, the Central Bank of Nigeria raised minimum capital requirements and introduced three banking “tiers”: regional, national, and international. Banks have until March 31, 2026, to comply. Here’s what that means: International banks need ₦500bn in paid-up capital National banks need ₦200bn Regional banks need ₦50bn Paid-up capital is key. Retained earnings don’t count. Several banks, including Access Bank, Zenith Bank,…
Author: Oluwatoyin Mathnuel
The African Refugees Foundation (AREF) wishes to formally address the recent reports circulating on social and online media regarding Chief Mrs.Opral Benson, Hon. President AREF popularly known as the Iya Oge of Lagos. Contrary to the claims suggesting that Mrs. Opral Benson has been declared missing by her family, the Foundation has verified that Mrs Opral Benson AREF Honorary President is safe, in good health, and not missing. According to the Chief Executive Officer of AREF, Mr. Olujimi Olusola III, Chief Opral Benson is hale and hearty, and there is absolutely no cause for concern. AREF confirms that Mrs. Benson…
Servant of God, Primate Elijah Ayodele has authoritatively and prophetically declared that the Nigerian politicians are very wicked, selfish and greedy. Primate Ayodele made the revelation on Sunday, January 18, 2026 at the international headquarters of his church. He said these politicians have turned thier backs against the masses even if the masses are faced with death. He lamented that it is only a few governors who still have a milk of human conscience in them while others have sold their consciences and cares not who perishes. He said the politicians spend unwisely but do not care for…
President Bola Ahmed Tinubu has congratulated Lagos State Governor Babajide Sanwo-Olu on the successful hosting of the African Music Awards (AFRIMA) – the continent’s biggest gathering of stars – from January 7 – 11. The President, in a statement issued by his spokesman Bayo Onanuga, hailed Nigerian stars who won laurels at the grand finale on January 11. It was the ninth anniversary of the awards. To President Tinubu, the success of Nigerian musicians at the awards is clear proof that Nigeria’s music and creative ecosystem continue to grow and gain global…
As part of preparations for the forthcoming 15th Biennial Police Games (BIPOGA 2026), the Force Sports Planning Committee held a two-day strategic conference from Friday, 16th January to Saturday, 17th January 2026, in Asaba, Delta State, alongside an inspection of sporting facilities designated for the games ahead of the forthcoming Nigeria Police games scheduled to hold from 7th February to 14th February 2026 in Asaba Delta State. The conference and inspection exercise was led by AIG Fom Pam Joseph, Chairman of the Force Sports Planning Committee, and was aimed at fine-tuning operational plans, logistics, and coordination ahead…
After a months-long journey with a swollen leg, Bunmi Akinnaanu, the Nigerian gospel luminary, passed away on January 12, 2026. The singer who taught countless souls to weather the storm has now found her eternal calm. Her death marks the end of a life dedicated to ministry, marked by resilience and a voice that became a soundtrack of faith for millions. For years, Bunmi was a revered figure in Nigeria’s gospel music scene, admired for her deeply spiritual songs, powerful vocal delivery, and commitment to Christian ministry. Her live performances were known for being profoundly moving and unforgettable. Dating back…
President Bola Tinubu congratulates the Nigerian national team, Super Eagles, for Saturday’s bronze medal victory at the 2025 African Cup of Nations. The President commends the Super Eagles for putting behind them the disappointment of the semi-final loss to host nation Morocco last Wednesday. The Super Eagles overpowered Egypt, defeating the seven-time AFCON winner, in a penalty shootout after the regular time, in which the Nigerian team dominated. President Tinubu states that the Super Eagles players, through their victory, have once again demonstrated the determination, persistence, and can-do spirit associated with our country. The President remarks: “Despite their good…
After every Super Eagles match at the ongoing AFCON 2025 until yesterday, Primate Elijah Ayodele of INRI Evangelical Spiritual Church has always been called names because of his prophecy regarding the team. He had said that the Super Eagles would not be eliminated in the tournament and mentioned some players who would not perform well as expected. He also had a message for the coach. According to him, the Nigerian coach has ‘bad luck’ which will affect the Super Eagles. He also stated that Ademola Lookman will not ‘help’ the team and that if all instructions are…
The Delta State Police Command has recorded a significant breakthrough in its ongoing efforts to curb kidnapping, armed robbery, and other violent crimes across the State, following the recovery of firearms, ammunition, and other incriminating items by operatives of the CP Special Assignment Team (CP-SAT). Acting on credible intelligence, operatives of CP-SAT received information that about six (6) suspected kidnappers were sighted at a bush path along the Upper Agbarho area. Consequently, at about 2135 hours on 11th January 2026, the operatives led by ASP Julius Robinson, in collaboration with the community vigilantes, carried out a well-coordinated covert…
The Oodua People’s Congress (OPC) New Era has congratulated the newly elected executives of the Correspondents’ Chapel of the Oyo State Council of the Nigeria Union of Journalists (NUJ). In a statement signed by its National Leader, Comrade Adesina Akinpelu, the OPC New Era congratulated Comrade Yinka Adeniran on his emergence as the Chairman of the Correspondents’ Chapel, describing his victory as well-deserved. The OPC New Era, in the statement issued on behalf of its National Elders’ Council, National Executive Council, and National Coordinating Council, also congratulated the recently elected State executives of the Oyo NUJ, headed by the…