Author: Ifetayo Adeniyi

Forbearance regime: CBN asks banks to submit capital restoration plans Governor of the Central Bank of Nigeria, Olayemi Cardoso Forbearance regime: CBN asked banks to submit capital restoration plans The Central Bank of Nigeria has asked banks to submit a capital restoration plan as part of regulatory efforts to support the exit from the forbearance regime. In a circular signed by the CBN Director of Banking Supervision, Olubukola Akinwunmi, published on its website on Monday, the apex bank said the Capital Restoration Plan would complement its other measures which include termination of forbearance exposure and Single Obligor Limits waivers, suspension…

NNPC supports FG initiative, donates 35 CNG buses GCEO NNPC Ltd, Mr Bashir Bayo Ojulari addresses the staff of the company during his inaugural town hall meeting held at the NNPC Towers, on Thursday. CREDIT: NNPCL NNPC supports FG initiative, donates 35 CNG buses •  Initiative will help to advance and shape a new energy future. The Nigerian National Petroleum Company Ltd has handed over 35 hybrid Compressed Natural Gas-powered buses to the Presidential Initiative on Compressed Natural Gas. During a brief ceremony held at the NNPC Towers on Monday, the Group CEO, NNPC Ltd, Bashir Ojulari, reiterated the Company’s…

Meeting International: Ajayi breaks record with 9.92s win in France Kanyinsola Ajayi Meeting International: Ajayi breaks record with 9.92s win in France Kanyinsola Ajayi’s sensational form continued on Monday evening as he powered to a personal best-equalling 9.92s to win the men’s 100m at the Meeting International Sotteville-lès-Rouen in France, The 20-year-old surged from lane five at the Stade Jean Adret with a reaction time of 0.156s to edge out a strong field that included five sub-10 second runners, winning by daylight and rewriting the meeting record previously held by Trinidad and Tobago’s Keston Bledman since 2015. Bledman’s mark of…

Keystone Bank hosts SME business clinic L-R: Unit Head, Inclusive Banking, Keystone Bank, Ifeoma Oniawa; traders, Morufat Babatunde, Adegoke Kehinde; Unit Head, Business Partner, Lagos Island & West, Keystone Bank, Opeyemi Eboka; Regional Head, Lagos Island Region, Keystone Bank, Gani Adebayo; Textile Market Line Head, Rukayat Ayolagbe; and another trader, Adeyele Olugbenga, at the Keystone Bank SME Business Clinic held recently at Balogun Market, Lagos Island. Keystone Bank hosts SME business clinic In a commitment to the growth of the small and medium-scale sector, Keystone Bank has hosted business clinics across 10 major Nigerian cities. In a statement on Monday,…

Mission 300: FG to handle energy poverty with initiative President Bola Tinubu Mission 300: FG to handle energy poverty with initiative. • To connect 300 million people to electricity by 2030, in Africa. The Federal Government has expressed its determination to tackle energy poverty with a high-level stakeholder engagement forum towards the implementation of the National Energy Compact under the Mission 300 initiative. The government-led forum, which is a critical step towards tackling energy poverty, will be held on July 8, 2025, through the Federal Ministry of Power and the Federal Ministry of Finance, in collaboration with Sustainable Energy for…

Aina extends contract till 2028, lauded by Forest boss, Marinakis Ola Aina Aina extends contract till 2028, lauded by Forest boss, Marinakis Nottingham Forest owner Evangelos Marinakis showed satisfaction as he showered praises on Ola Aina after the Nigerian defender extended his contract at the club by three years. The club announced that Aina signed a new three-year contract on Monday, extending his stay at City Ground until 2028. The 28-year-old full-back’s new long-term deal reflects Forest’s continued faith in his consistency and versatility following an impressive campaign under head coach Nuno Espírito Santo. “I can’t wait to continue this…

APC commences sale of forms for NASS bye-elections APC commences sale of forms for NASS bye-elections The All Progressives Congress on Monday in Abuja, started the sales of nomination and expression of interest forms to aspirants for the forthcoming National Assembly bye-elections. The News Agency of Nigeria reports that the election slated for August 16 in 12 states, is to fill legislative vacant seats due to the deaths or resignations of lawmakers who left office to contest for executive positions. Oscar Aghedo, an aspirant for Edo House of Representatives for Ovia South-West/North-East Federal Constituency assured of adequate representation, especially in…

CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title CONCACAF Gold Cup: Mexico defeat USA 2-1 to win title. Mexico defeated the United States 2-1 to retain the CONCACAF Gold Cup and lift the title for a record-extending 10th time on Sunday. A 77th-minute header from Mexico skipper Edson Alvarez completed a come-from-behind victory after a typically hard-fought tussle between the North American arch-rivals and 2026 World Cup co-hosts. The win was no less than Mexico deserved after dominating for long periods against Mauricio Pochettino’s inexperienced USA side, who went into the tournament missing several first-choice regulars. Alvarez’s winner…

MTN, Huawei launch Nigeria’s first 800G optical network MTN Nigeria MTN Nigeria and Huawei have unveiled the country’s first high-speed 400G-800G Hybrid Automatically Switched Optical Network, aimed at improving Nigeria’s digital infrastructure. In a joint statement made available to PUNCH Online, both companies said the new optical network would bring a major boost in internet speed and data capacity. The initiative is designed to help MTN handle the rising demand for data from homes, businesses, and cloud services. The project includes the first deployment of L0 + L1 (Optical + Electrical) ASON on MTN’s Lagos transmission line, making it the…

Osimhen ends Napoli stay, finally decides in favour of  Galatasaray Victor Osimhen Osimhen ends Napoli stay, finally decides in favour of  Galatasaray Napoli striker, Victor Osimhen, has agreed to join Turkish club Galatasaray on a permanent deal, PM News has learnt. Investment opportunities The news was shared by Nigerian sports journalist, Buchi Laba, who is known to be close to the Super Eagles forward. According to Laba, Osimhen has finally said “yes” to leaving Napoli for Galatasaray after weeks of speculation about his future. In a post on X, Laba wrote: “Exclusive: Victor James Osimhen says YES to Galatasaray and…