Author: Prima News

When the Central Bank of Nigeria unveiled its revised minimum capital requirements in March 2024, the country’s financial community was confronted with more than a compliance deadline. It was a summons — a demand that the Nigerian capital market prove, once and for all, that the infrastructure built over two decades of reform, the investors cultivated in that time, and the regulatory architecture constructed around them were equal to the demands of national transformation. Two years on, the verdict is unambiguous. The Nigerian capital market mobilised N4.65 trillion in fresh equity capital in twenty-four months, brought thirty-three banks into full…

Letterboxd has surged in popularity in recent years. Once a niche site for only the most fervent of film nerds, the site — which allows users to rate, review, and recommend movies to one another — has continued to add accounts by the tens of millions, thanks largely to interest from millennials and Gen Z. Now, the company’s controlling investor has apparently made it known that they are looking to cash out. Semafor reported Sunday that Canadian holding company Tiny, which owns some 60% of Letterboxd, has been courting various potential buyers, including Versant, the parent company of CNBC and…

Governor Ahmadu Fintiri has confirmed that no fewer than 29 people were killed in an attack in Guyaku community in Gombi Local Government Area of Adamawa State. The attack, which occurred on Sunday, was confirmed by the governor during an on-the-spot assessment of the affected community on Monday. Fintiri disclosed the figure and described the incident as tragic and unacceptable. “My heart breaks for the people of Guyaku in Gombi LGA. Today, I stood on the ground where our brothers and sisters were cruelly taken from us. “This act of cowardice is an affront to our humanity and will not…

Fidelity Bank Plc has announced the outcome of its private placement of 14.8 billion ordinary shares of 50 kobo each at ₦17.50 per share. The financial institution raised a total of ₦227.05 billion following the conclusion of the Central Bank of Nigeria (CBN) capital verification process. The offer, which opened and closed on December 31, 2025, attracted strong investor interest with total applications exceeding the initial offer size. A total of 20 applications were received for 16.78 billion shares, representing a valid application rate of 113.4 percent. However, following regulatory verification by the CBN, only 12.97 billion shares were approved…

Former presidential candidate of the Labour Party Peter Obi has described his closed-door meeting with former President Goodluck Jonathan on Monday as productive, saying the talks focused on Nigeria’s future. Obi, who led a delegation of prominent South-East leaders to Jonathan’s residence, said the engagement formed part of his ongoing consultations with key stakeholders ahead of the 2027 general elections. Obi wrote on X after the meeting, “Our discussions were frank, thoughtful, and anchored on the urgent need to reposition Nigeria on the path of unity, security, stability, productivity, and inclusive governance.” He noted that the country’s current challenges make…

The Economic and Financial Crimes Commission, EFCC, insisted on Monday at the High Court of the Federal Capital Territory that the signatures of late President Muhammadu Buhari and former Secretary to the Government of the Federation (SGF), Boss Mustapha, were forged by unscrupulous Nigerians to defraud the country of $6,230,000. EFCC Assistant Commander II, Mr Chinedu Eneanya, told the court that five officials of the Central Bank of Nigeria (CBN) moved the money out of the apex bank under the guise that it was meant for the payment of foreign election observers in the 2023 general elections. The anti-graft agency…

MADRID, SPAIN – APRIL 22: Rafa Jodar of Spain celebrates the victory with a with a dedication to Jude Bellingham presents on the stands at the end of the match against Jesper de Jong of Netherlands during the Mutua Madrid Open 2026 tournament celebrated at La Caja Magica on April 22, 2026 in Madrid, Spain. (Photo by Alberto Gardin/Eurasia Sport Images/Getty Images) Rafa Jodar defeated João Fonseca 7-6, 4-6, 6-1 in Madrid to reach the round of 16 of a Masters event for the first time. The match was close early on, with both players sharing the first two sets. Jodar…

Veteran Nollywood actor and producer, Solomon Akiyesi, is dead. His death was confirmed on Monday by the President of the Actors Guild of Nigeria, Abubakar Yakubu, to The Cable Lifestyle. Yakubu said the actor passed away in his sleep on Sunday, adding that his remains have been deposited in a morgue in Abuja. “Yes, it is true. He died yesterday. Slept and did not wake up from sleep. We await further details from the family. His body is in the morgue in Abuja where the sad incident happened,” he said. According to him, the guild is still expecting more information…

The recently extended ceasefire between Israel and Lebanon remains under strain as violence continues, with civilian deaths and injuries reported in Israeli strikes over the weekend. Meanwhile, the UN Security Council is set to hold a high-level debate on maritime security amid ongoing concerns over the safety of key global waterways, follow in-depth meeting coverage here. Stay with us for live updates. Source link

The Vice-Chancellor of Aletheia University, Ago Iwoye, Ogun State, Prof. Olukayode Akinyemi, has called on newly admitted students of the institution to shun all forms of indiscipline, uphold integrity, and pursue academic excellence while aiming to be the very best in life. Akinyemi, according to a statement on Monday signed by the spokesperson of the university, Ayodele Maraiyesa, gave the charge during the institution’s third matriculation ceremony, which marked the formal admission of 264 fresh students for the 2025/2026 academic session. The vice-chancellor said the university, which received its operational licence in June 2023, began with 17 programmes across three…