I WAS HANDED A QUR’AN BY A MUSLIM PROSELYTIZER TODAY- REV. SIS. NKIRUKAC. OKAFOR. (PHOTO). #PRESS RELEASE

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 "I was handed a Qur’an by a Muslim Proselytizer today.  Let me explain: I was at JFK Airport waiting lot because of Tarmac delay of arrival planes. I decided to come out of the vehicle and continue praying Lauds while enjoying the morning sun. I was equally admiring nature and nurture especially the vehicles at the parking lot. I noticed a young man beside a nice Lincoln Escalade pressing his phone. No contact. I kept doing my rounds praying. I added another dimension to the prayer. “Lord, I wish someone will appear from nowhere and ask me which of the vehicles will add value to my apostolate.” I would definitely point at the Escalade. Anyone who runs a hospital in Nigeria knows what a clean Escalade will help you do in one year.  As I approached my vehicle, I noticed the young man following me and calling out to me. Momentarily I thought the Escalade is about to change ownership. He rather stretched his hands to me asking if I may accept his gift of a book. The most int...
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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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