Nigeria Central Bank Implements Prudential Guidance for Banks in Response to Currency Devaluation+30

The Central Bank of Nigeria (CBN) has issued prudential guidance to banks in response to the currency devaluation. The guidance includes setting aside revaluation gains as a counter-cyclical buffer and granting forbearance to banks breaching limits. This move aims to safeguard banks from future currency fluctuations.

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Rising Cases of Kidnapping in Kuchiko Resettlement Development Area+30

Residents of Kuchiko Resettlement Development Area (KRDA) located in Bwari, FCT, are alarmed by the increasing incidents of kidnapping in the area. The latest incident occurred in the early hours of Saturday, September 2, at El-Rufai Estate within the KRDA. The victim's wife narrated the terrifying experience where armed kidnappers broke into their compound and forcefully abducted her husband. The Police Public Relations Officer of the FCT has not yet commented on the matter. The residents are deeply concerned about their safety and call for immediate action to address the security issues in the area.

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Tragedy Strikes as Central Mosque Collapses in Nigeria+30

A central mosque in Zaria, Nigeria collapsed, resulting in the deaths of seven people and multiple injuries. The incident occurred during afternoon prayers when the structure gave way, causing devastation among the worshipers. Building collapses are distressingly common in Nigeria, primarily due to substandard construction materials and violations of building regulations.

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CEDEAO Holds Extraordinary Summit to Discuss Political Crisis in Niger+30

The Economic Community of West African States (ECOWAS) is set to hold an extraordinary summit in Abuja, Nigeria, to evaluate and discuss the political situation following the military coup in Niger. At the previous summit, ECOWAS threatened to intervene militarily if the coup leaders did not restore power to the deposed President. However, the use of force has generated divided opinions among African countries and even within ECOWAS.

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Obi Cubana Unveils Remy Martin Louis XIII Cognac in Exclusive Event+30

Nigeria's business mogul, Obi Cubana, hosted an exclusive event to unveil the premium Remy Martin Louis XIII cognac. The event brought together high net-worth individuals from various industries and showcased the luxury lifestyle cherished by Obi Cubana and his successful friends. Guests were treated to a sensory odyssey and had the opportunity to acquire limited edition decanters.

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