PETER OBI’S NEW LIES- BAYO ONANUGA. (PHOTO). #PRESS RELEASE

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 Peter Obi’s new lies Peter Obi’s recent claims of being targeted by the government—citing an incident involving his car at the airport, which, by his own account, must have resulted from flouting parking regulations—are simply unfounded and misleading.  As a pathological and serial liar, Mr Obi is intent on dragging the government into every personal inconvenience he encounters, often resorting to exaggeration and baseless allegations. His claim that he may not be alive for the January 2027 election and that people are being pressured not to invite him to social events is nothing more than a fabricated narrative, a page from his book of lies and propaganda.  These claims lack substance and are designed to attract undue sympathy and deflect attention from his credibility deficit and the problems faced by his SPV and his adopted political association, the NDC. It is important to note that Mr Obi has a substantial interest in Fidelity Bank. The institution continues to thri...
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30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS. (PHOTO).

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 30 BANKS MEET NEW CBN CAPITAL REQUIREMENTS


The Central Bank of Nigeria says the banking sector recapitalisation programme introduced in 2024 is progressing steadily, with financial institutions strengthening their capital base to meet new regulatory thresholds.


A statement by the Acting Director of Corporate Communications at the bank, Hakama Sidi Ali, says thirty banks have already met the new minimum capital requirements tied to their respective licence categories.


The statement adds that thirty-three banks had raised additional capital through rights issues, initial public offerings and private placements as part of the recapitalisation programme.


The CBN notes that the capital positions of the remaining banks are currently undergoing routine verification ahead of final confirmation of compliance within the stipulated timeline.


The apex bank reiterates that Nigeria’s banking system remains stable and sound, stressing that the recapitalisation initiative will further strengthen banks’ capacity to support households, businesses and sustainable economic growth.

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