The Central Bank of Nigeria (CBN) has announced that 14 banks have fully met the new capital requirement in the ongoing recapitalization exercise. CBN Governor, Yemi Cardoso, disclosed this while presenting a communiqué from the 302nd meeting of the Monetary Policy Committee (MPC). The CBN had introduced a new minimum capital base requirement for banks, with tiers depending on license type. The MPC also reduced the Monetary Policy Rate (MPR) by 50 basis points from 27.5% to 27%. Cardoso said the decision to lower the MPR was predicated on the sustained disinflation recorded in the past five months and projections…
Author: Omolemi Eboisetale
US President Donald Trump has delivered a scathing attack on the United Nations and Europe, warning that Western countries are “going to hell” due to migration and dismissing climate change as a “con job”. Trump’s remarks came during his speech at the UN General Assembly, where he criticized the UN for funding an “assault” on Western nations that he described as an “invasion”. Trump’s fieriest words were reserved for migration, as he advised the world to follow his lead on one of the core political messages that drove his two US election victories. He claimed that Europe is being “invaded”…
The Nigerian Exchange (NGX), experienced a significant downturn yesterday, with equity investors losing N326 billion due to widespread profit taking activities. The market’s All Share Index dropped 0.40% to settle at 140,929.60 points, while the total market value decreased to N89.20 trillion from N89.52 trillion. Major stocks such as Dangote Sugar and Wema Bank led the decline, with Dangote Sugar plummeting 10% to N54.00 and Wema Bank down 8.27% to N18.85. Other notable losers included Access Holdings, which fell 5%, and GTCO, which dropped 3.2%. The NGX sectoral indexes also recorded significant losses, with the Oil and Gas sector down…
NASA is set to send four astronauts on a mission around the Moon in early 2026. The Artemis II mission, scheduled for April 2026 at the latest, aims to test systems and hardware needed for deep space exploration. This mission marks a significant step toward returning humans to the lunar surface and eventually sending astronauts to Mars. The crew members include three from the US and one from Canada: Reid Wiseman, Victor Glover, Christina Koch, and Jeremy Hansen. The mission will not land on the Moon but will instead perform a flyby, covering approximately 685,000 miles. The mission is expected…
The World Health Organization (WHO) has warned that uncontrolled high blood pressure could put over 1.4 billion people at risk of premature death. According to the WHO’s second Global Hypertension Report, released on September 23, 2025, 1.4 billion people lived with hypertension in 2024, yet only one in five have their condition under control. Hypertension is a leading cause of heart attack, stroke, chronic kidney disease, and dementia. The report highlights major gaps in hypertension prevention, diagnosis, treatment, and long-term care. Key barriers include weak health promotion policies, limited access to validated blood pressure devices, lack of standardized treatment protocols,…
US President Donald Trump delivered a scathing critique of the United Nations, saying the institution isn’t working for peace and mocking the quality of its headquarters building. Trump addressed the UN General Assembly on September 23, 2025, and claimed the organization has “tremendous potential” but isn’t living up to it. The UN has such tremendous potential, Trump said, but it’s “not even coming close to living up to it”. He complained about a broken escalator and teleprompter at the New York headquarters, joking that the people responsible were “in big trouble”. Trump asserted that “empty words don’t solve war”, emphasizing…
Nigeria has been ranked among the countries with the highest road traffic deaths in Africa, with 21.4 deaths per 100,000 people, according to the World Health Organization’s Global Status Report on Road Safety 2023. This alarming statistic highlights the need for urgent action to address the road safety crisis in the country. The economic losses due to road crashes are staggering, with over N800 billion lost annually. More than 40,000 Nigerians die every year in road traffic crashes. Poor infrastructure, reckless driving, overspeeding, fatigue, and poorly maintained vehicles are major contributors to road crashes in Nigeria. FRSC Corps Marshal, Shehu…
Nigeria is set to host the International Road Crash Victims Africa Conference (IRCVAC) in Abuja from November 16 to 18, 2025. This conference, coinciding with the 2025 World Remembrance Day/African Road Safety Day, aims to bring together experts, policymakers, and stakeholders to discuss critical issues surrounding road crash victims and find solutions to reduce road crashes. The conference is organized by the Federal Road Safety Corps (FRSC) in collaboration with KRSD, a Road Safety NGO founded by Justice Monica Dongbam Mensem. The event has garnered support from prominent partners, including the United Nations, World Health Organization, United Nations Economic Commission…
The World Health Organization has firmly stated that neither Tylenol nor vaccines cause autism, contradicting US President Donald Trump’s claims. Trump suggested that pregnant women should avoid Tylenol due to an unproven link to autism and urged changes to standard vaccine schedules for babies. WHO spokesman Tarik Jasarevic emphasized that vaccines do not cause autism, highlighting that the global immunization schedule has saved at least 154 million lives over the past 50 years. “These things should not really be questioned,” he added, stressing the importance of adhering to evidence-based medical guidance. Jasarevic acknowledged some observational studies have suggested a possible…
Nigerian chef and restaurateur Hilda Bassey, popularly known as Hilda Baci, has shared a tense moment during her Guinness World Record feat for cooking the largest pot of jollof rice. The incident occurred when the giant custom made pot unexpectedly collapsed. In a video interview, Hilda revealed how the incident shook her confidence. “When we had the mishap with the pot, my first few seconds, my heart was in my hands. I was very scared, very worried,” she said. However, her priority at that point was feeding people, not the record itself. “For me, the record was not the most…
Troops of the Nigerian Army, backed by local vigilante forces, clashed with bandits in a protracted gun battle at Dare Biyu village, near Beri in Mariga Local Government Area, Niger State. The exchange of fire, which lasted from about 6 p.m. to 7 p.m. on Monday, ended with several bandits killed. The military sources say the attackers reinforced their position using motorcycles and employed swift maneuvering to evade capture, though they were eventually suppressed by accurate fire. Tragically, however, the operation was not without sacrifice. Two vigilante operatives, Yusuf Dan Basi and Bello Shagari, were killed in the firefight. Another…
President Bola Tinubu has approved the immediate construction of new hostels at the Nigerian Law School, Abuja Campus. The project involves building two purpose built facilities, each with a capacity of 300 students, one for female students and the other for male students. This initiative aims to significantly improve accommodation conditions for law school students in Abuja. The President also directed the Minister of the Federal Capital Territory, Nyesom Wike, to execute the project under emergency consideration. According to Lere Olayinka, Senior Special Assistant on Public Communications and Social Media to the FCT Minister, the President’s directive is expected to…