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Tuesday, March 3, 2015
/newtelegraph
Vol. 2 No. 377
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N150
Dangote retains 2015 Africa’s richest title }5
Banks face hurdles in raising capital
l12 lenders need fresh funds Ayodele Aminu and Tony Chukwunyem
P
lans by several banks to seek additional
funds through rights issues or public offering as part of efforts to comply with the Central Bank of Nigeria’s (CBN) new capi-
tal requirements rules, are being threatened by stiff regulatory demands and global economic challenges.
The CBN had, in August 2014, changed the way lenders calculate capital buffers in order to align the country to global stan-
dards and also to increase banks’ ability to withstand losses. It also removed some asCONTINUED ON PAGE 6
25 days to go... Nigeria votes
2015
ria Nige
es vot
15 20}14 & 15
Fuel agony here
lScarcity hits 23 states, as PDP blames APC for situation }2 lPPPRA traces crisis to naira devaluation, banks
Quick Read Editorial
As Jonathan visits war }19 zone
Motorists in queues at a petrol filling station in Lagos…yesterday.
PHOTO: GODWIN IREKHE
Army repels Boko Haram from Borno town lTroops clear another Yobe town of Boko Haram
Party seeks Emmanuel Onani, ban of PVC, Ahmed Miringa and Abdul card readers Ibrahim Nigerian Army yesfor polls }5 The terday repelled attack
launched by Boko Haram terrorists against Konduga, the headquarters of Konduga Local Government Area of Borno State. Scores of insurgents
were killed by the troops in the failed attempt by the terrorists to invade the town. A resident of the area, Mallam Abor Yale, said the
insurgents came with cattle disguising like nomads when the troops of the 7th Army Division opened fire on them, killing a large CONTINUED ON PAGE 6
Travel Advisory
Your guide to local and international flights }4