Sen. Godswill Akpabio

Stop misusing ex parte order, Akpabio tells judges

Kaduna Assembly demands El-Rufai’s Transactions as probe begins

kamalu

Another Wike's loyalist dumps Fubara over redeployment

Issac Kamalum, a loyalist of Nyesom Wike, Minister of Federal Capital Territory, who is a member of Governor Similanayi Fubara’s cabinet, has resigned. Kamalu, Commissioner…

Latest podcast

26 mins ago
EFCC withdraws appeal against former Kogi gov, Bello
34 mins ago
House Of Reps To Probe 'Discrimination' By Chinese Supermarket
38 mins ago
Gov Zulum tells Army to establish base in Sambisa forest
46 mins ago
Ganduje says APC is the answer to Nigeria’s problems
3 hours ago
Another Wike's loyalist dumps Fubara over redeployment
More Headlines

Pro-Wike Commissioner rejects redeployment, quits Fubara's cabinet

adangor

Nigeria Air: How EFCC nabbed Sirika over N8bn ‘fraud’

I’ll resign if Yahaya Bello is not prosecuted – EFCC chair

Chairman of Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede

NIGERIA DAILY: The Damage Caused By Bullying At School

Bully,Damage,school,children,bulling children,secondary school bullying.

Podcast

More Podcast

Bully,Damage,school,children,bulling children,secondary school bullying.

NIGERIA DAILY: The Damage Caused By Bullying At School

NIGERIA DAILY: Survival Tips For School Children During Heatwave

Why APC built church in national secretariat - Ganduje

NIGERIA DAILY: The Actual 'Role' Of NNPP In Ganduje's Suspension by APC

THE BEARING: How To Draw Up A 'Spec' For Successful Marriages

NIGERIA DAILY: Why Nigerian Courts Issue Conflicting Injunctions

Video

More Video

daily trust youtube thumbnail april w

Life With One Leg As A Labourer: Inspiring Story of Idris AbdulRaheem

daily trust youtube thumbnail april 3

Nigerian Eats, Healthy Feats! Tips for a Balanced You!

daily trust youtube thumbnail april 1 (2)

A Tour Of Maitama: Abuja's Richest Neighborhood

how i built my multimillion naira spa skincare business

Starting a Spa Business Guide | How to Start a Spa Business | Interview

abuja city tour 2 (1)

GWARINPA, Abuja |Tour Of Nigeria's Largest Residential Estate

Sponsored Post

More Sponsored Post

gov uba sani

Kaduna Resident Doctors Commend Governor Uba Sani for Consistent Payment of CONMESS

How a Content Marketing Agency Can Transform Your Business

How a Content Marketing Agency Can Transform Your Business

Content Marketing

How Dubai's Content Marketing Agencies Can Transform Your Business

what-are-feminized-seeds

What Are Feminized Seeds? Strains, Benefits, and Growing Tips

inf 1

Infinix Introduces its Range of Smart Accessories: Earbuds and Watch 1 (XW1)

news

EFCC withdraws appeal against former Kogi gov, Bello

business

The Central Bank of Nigeria has released a strong affirmation of the security of cash within Nigerian banks, highlighting the country's banking sector's soundness. Amid widespread unconfirmed rumours, not originating with the CBN, raising concerns about the health of Nigerian banks, the central bank of Nigeria asked the people not to panic and to continue with their usual banking activity. To ease people's anxieties and comfort them, the CBN emphasized its readiness and capability to carry out its stated role of maintaining a stable financial system in Nigeria. This statement by the CBN responds to the concern caused by unverified information and seeks to reassure the public about the safety and stability of the country's banking industry. "The Central Bank of Nigeria has noticed reports, in certain media outlets, about a recommendation for the Federal Government to take over some CBN-supervised financial institutions," said the apex bank's acting Director, Corporate Communications, Hakama Sidi-Ali, in a statement issued on Wednesday. "To avoid any doubt, Nigerian banks are still safe and sound. The CBN advises the public to go about their daily lives without getting disturbed by reports regarding the health of Nigerian banks that have not come from the CBN. "The CBN is fully equipped to carry out its statutory duty of ensuring the stability of Nigeria's financial system. "We assure the general public and depositors that their funds are safe in Nigerian financial institutions. "Bank customers are therefore advised to proceed with their banking transactions as usual, as there is no cause for concern." This statement follows a report by the CBN's special investigator, Jim Obazee, alleging that Godwin Emefiele, the former governor of the federal bank, used proxies to establish two financial institutions. According to the report, Emefiele utilised proxies to acquire Union Bank of Nigeria for Titan Trust Bank Limited and Keystone Bank without providing any proof of payment. As a result, it recommended that the Federal Government reverse the sale and take over the banks.

$2.1bn reserve depletion: CBN sold only $581m to market — Report

politics

aiyedatiwa

Ondo gov’ship: Aiyedatiwa urged to pursue reconciliation as 2 more aspirants file petitions

sports

Haaland ruled out of Man City's crucial trip to Brighton

international

airstrike

Israel says forces carrying out 'offensive action' in south Lebanon

opinion

gov uba sani

Kaduna’s $350m loan inquiry: DLI opacity and FRA

exclusive-columns

nigerian chess champion, mr. tunde onakoya at the new york’s iconic times square yesterday.

With Tunde Onakoya, slums take world stage

editorial

philip shaibu

Time to review position of deputy governors

education

Prof. Tahir Mamman

Why census, data bank on education are important

agriculture

researchers addressing farmers at a watermelon farm in the state

Researchers take samples from Bauchi watermelon farms to tackle diseases, pests

health

health

Many claims of typhoid fever in Nigeria mere conjectures — Scientist

city-news

unijos

Windstorm destroys houses in Unijos staff quarters