Bank mergers are imminent as the Central Bank of Nigeria, CBN, has raised minimum capital requirements for banks. CBN disclosed this in a circular signed by the Financial Policy and Regulation Department Director, Haruna Mustafa, and issued to all commercial, merchant and non-interest banks. The banker’s bank pegged the minimum capital base for commercial banks […]
Fish out illegal miners – Minister orders new marshals
The Minister of Solid Minerals Development, Dele Alake, has ordered marshals drawn from the Nigerian Security and Civil Defence Corps, NSCDC, to fish out illegal miners and all those who flout the nation’s mining laws. Alake gave the order while inaugurating the first batch of marshals to combat illegal mining. He said 60 marshals had […]
Illegal miners sabotaging solid mineral resources, revenue generation in Osun – EFCC
Illegal miners attack soldiers, forest rangers, damage rifle in Cross River
Illegal miners have attacked some soldiers and forest rangers from Cross River National Park, CRNP, who went to enforce laws to sustain the park. The illegal miners reportedly overwhelmed the rangers and damaged one of their rifles. The incident occurred at Ifumkpa community in Akamkpa LGA, Cross River State, one of the 105 CRNP communities, […]
NSCDC arrests 51 illegal miners in FCT
The Federal Capital Territory Command of the Nigeria Security and Civil Defence Corps, NSCDC, has arrested 51 suspected illegal miners and three telecommunication mast vandals. The NSCDC FCT commandant, Olusola Odumosu, said this while briefing newsmen on Monday at the command’s headquarters. Odumosu said that the three suspected vandals were apprehended by the command’s intelligence […]
‘Fish out illegal miners, bandits in your domains’- Oyo govt to LG chairmen, traditional rulers
The Oyo State Government has advised local government chairmen and traditional rulers across the state to fish out illegal miners, bandits, and land grabbers in their various domains. Commissioner for Local Government and Chieftaincy Matters Olusegun Olayiwola made this declaration on Monday. He spoke after a closed-door meeting with local government chairmen in the state. […]