NUT PROTEST : WIKE WARNS AGAINST POLITICISING INSECURITY. (PHOTO).

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 NUT Protest : Wike Warns Against Politicising Insecurity The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has warned against politicising insecurity amid protests by the Nigeria Union of Teachers, FCT wing, over the killing and abduction of school staff and children in Oyo State. Teachers stormed the FCTA Secretariat in Abuja to condemn the killing of Michael Oyedokun and to demand the release of abducted pupils and teachers from Community High School, Ahoro-Esinle in Oriire Local Government Area. The FCT minister addressed the protesters on Tuesday, saying the federal government is on its toes working to secure the rescue of the schoolchildren and their teachers. Wike urged protesters to avoid turning the tragedy into a political issue and to give security efforts time to produce results. Chairman of the union in the FCT, Mr Abdullahi Shafa, explained that the nationwide solidarity protest was to condemn the killing of the teacher and abduction of the school chil...
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CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY. (PHOTO).

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 CBN CONCLUDES RECAPITULATION; BANKS RAISE ₦4.65 TRILLION TO BOOST FINANCIAL STABILITY 


The Central Bank of Nigeria says it has successfully concluded the banking sector recapitalisation programme, strengthening the resilience of Nigeria’s financial system.


According to the apex bank, lenders raised ₦4.65 trillion in fresh capital within 24 months, with over 72 percent sourced locally and about 27 percent from international investors—an indication of sustained confidence in the sector.

CBN Governor, Olayemi Cardoso, says the exercise has reinforced banks’ capital base and improved their capacity to withstand economic shocks.


The CBN confirms that 33 banks have met the revised minimum capital requirements, while a few others remain under regulatory processes, with all institutions continuing normal operations.


It adds that the programme has improved capital adequacy ratios above global benchmarks, enhanced asset quality, and strengthened balance sheet transparency.


The apex bank says enhanced risk-based supervision and mandatory stress testing will sustain these gains, positioning the banking sector to support lending, savings mobilisation, and overall economic growth.

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