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CBN gives banks 6 months to comply with FTZ $10m minimum capital base

CBN gives banks 6 months to comply with FTZ $10m minimum capital base

LAGOS—Banks planning to set up or already operating subsidiary units in any of Nigeria’s Free Trade Zones, FTZs, must now have a minimum capital base of $10 million, the Central Bank of Nigeria, CBN, approved guideline for setting up a bank in a free trade zone in Nigeria has said.

Electricity tariff increment: NLC, TUC  shut EEDC offices in S-East

Electricity tariff increment: NLC, TUC shut EEDC offices in S-East

THE S’East states chapters of the Nigeria Labour Congress and Trade Union Congress, TUC, yesterday, described the planned increment in electricity tariff by the National Electricity Regulation Commission, NERC as illegal, unfair and unjustifiable.

Why Buhari gave big roles to Yoruba in his cabinet —  Shittu,  Communications Minister

Why Buhari gave big roles to Yoruba in his cabinet — Shittu, Communications Minister

Minister of Communications, Barrister Abdur-Raheem Adebayo Shittu was a member of the Oyo State House of Assembly in the Second Republic (October 1979 to September 1983). He was the Oyo State Commissioner for Information, Culture and Home Affairs under the Dr. Omololu Olunloyo administration (October – December, 1983) and became the Commissioner for Justice and Attorney-General of Oyo State in the Alhaji Rashidi Ladoja government in 2003. He was a member of the National Political Reforms Conference put together by the Chief Olusegun Obasanjo-led Federal Government in 2005.

Court okays Synagogue engineers for trial

Court okays Synagogue engineers for trial

A Lagos High Court sitting in Ikeja yesterday dismissed two applications seeking to stop the prosecution of the two engineers who constructed the collapsed six-storey building at the Synagogue Church of All Nations, SCOAN, in Ikotun area of Lagos.

Give the Army modern weapons

Give the Army modern weapons

Nigerians have often wondered why, just when it seems our gallant military forces are about to snuff out the Boko Haram insurgents, they make daring resurgences.