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CBN Recapitalisation: Two national banks enter secret merger talks to beat deadline

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Be The First Person To See The Full Video Here, Before It’s Deleted In All Social Media Platforms. ..Breaking News: Two Siblings C4ught H4ving $3x, See Full Video Here.As the recapitalisation deadline set by the Central Bank of Nigeria (CBN) approaches, two national banks are reportedly said to have begun merger talks to meet the regulatory deadline and remain competitive.

More and more banks are facing intense heat, with six banks having about N965 billion funding gap, a prior report by Legit.ng disclosed.

Already, five banks have scaled the recapitalisation hurdle and will proceed with their operations.

The banks are listed as Access Bank, Zenith Bank, Lotus Bank, Ecobank, and Stanbic IBTC Bank.

However, The Sun has quoted sources as sating that two banks, which both hold a national banking licence, have been discreet about the merger talks since the beginning of the second quarter.

The report disclosed that the move would create a stronger mid-tier institution to meet CBN’s new minimum capital of N200 billion for national banks, representing a significant leap from the previous ceiling of N25 billion.

The CBN order gave the banks a 24-month window to recapitalise, with analysts saying that several banks were likely to merge and others were set to have their licences downgraded.

The recapitalisation is part of CBN’s larger effort to build a more resilient and globally competitive banking industry to finance Nigeria $1 trillion GDP target by 2030.

However, several smaller banks are facing challenges in meeting the new threshold and face mergers and acquisitions (M&As). Osas Igho, a financial analyst, has stated that the Nigerian banking industry would be revolutionised at the end of the CBN’s exercise.

“At the end of the day, we will have a strong, robust, and globally competitive banking industry.

However, as the deadline nears and more banks are battling to raise the required capital, there may be more mergers and acquisitions. It is too early to tell which banks will merge or be acquired,” he said.

While some tier-1 and tier-2 banks are said to have hit the target, several small players remain far off target.

According to reports, the two banks, which are in secret merger talks, are reluctant to pursue public offers due to high regulatory costs, tough Securities and Exchange Commission (SEC) disclosure rules and investor apathy.

The institutions are said to be assessing synergies, board structure, and shareholder alignment before any formal disclosure.Be The First Person To See The Full Video Here, Before It’s Deleted In All Social Media Platforms. ..Breaking News: Two Siblings C4ught H4ving $3x, See Full Video Here.

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Politics

Say Goodbye To These Diseases By Eating Sugarcane Regularly

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Say Goodbye To These Diseases By Eating Sugarcane Regularly

Sugarcane is often enjoyed as a sweet, refreshing treat, especially on hot days.

But beyond its natural sweetness, sugarcane is packed with nutrients and health benefits that can help your body fight off and even prevent several diseases.

Eating sugarcane regularly—or drinking its fresh juice—can be a simple, natural way to boost your health and say goodbye to some common illnesses.

One of the biggest benefits of sugarcane is its ability to support liver health.

Sugarcane juice is a natural detoxifier, helping to flush out harmful toxins from the liver and bloodstream.

It’s especially beneficial for people suffering from jaundice, as it helps restore the liver’s function and maintain the right levels of electrolytes in the body.

Regular consumption can keep your liver healthy and improve digestion.

Sugarcane is also a great friend to your digestive system.

It contains potassium and natural fiber, which help prevent constipation, bloating, and stomach acidity.

Drinking sugarcane juice after meals can improve bowel movements and support the growth of good gut bacteria, making your digestive system stronger and more balanced over time.

Another major health benefit is its positive effect on the kidneys and urinary system.

Sugarcane juice acts as a natural diuretic, encouraging urine flow and helping to keep your kidneys clean.

This can reduce the risk of urinary tract infections and kidney stones.

It also helps maintain proper hydration, which is crucial for kidney function.

For those concerned about infections and low immunity, sugarcane offers a natural boost.

It is rich in antioxidants, such as flavonoids and phenolic compounds, which fight free radicals and strengthen the immune system.

This can help your body ward off infections like colds, flu, and fever.

Lastly, sugarcane supports healthy skin and prevents acne.

Its detoxifying properties clear impurities from the blood, leading to a clearer, glowing complexion over time.

In short, sugarcane is more than just a sweet treat—it’s a natural medicine.

By eating sugarcane regularly or drinking its fresh juice, you can protect your liver, boost digestion, improve kidney health, strengthen immunity, and even achieve healthier skin.

It’s a simple, affordable, and tasty way to say goodbye to several common diseases naturally.

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Lifestyle

What Your Urine Color Says About Your Kidney Health

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What Your Urine Color Says About Your Kidney Health

The color of your urine can tell a lot about your kidney health and overall well-being. It is often the first sign that something may be off in your body. Paying attention to it can help you catch problems early.

Clear or light yellow urine is usually a good sign. It means you are well-hydrated, and your kidneys are working properly to filter waste. Drinking plenty of water often leads to this healthy color.

Dark yellow or amber urine may indicate dehydration. Your kidneys are concentrating urine to save water. Drinking more water usually helps return it to a lighter color. However, some vitamins and supplements can also darken urine.

Orange or brown urine can be a warning. It may be caused by certain foods, medications, or liver problems. It can also indicate bile buildup or a kidney issue. If it persists, seeing a doctor is important.

Red or pink urine can be alarming. Sometimes it is caused by eating beets or berries, but it can also indicate blood in the urine. This could result from kidney stones, infections, or more serious kidney problems. Immediate medical attention is advised.

Foamy or bubbly urine may indicate protein in the urine. This can be a sign of kidney damage. Persistent foaminess should not be ignored.

Very dark, almost black urine is rare but serious. It may suggest severe dehydration, liver problems, or a rare kidney disorder. Urgent medical evaluation is needed.

In summary, normal urine color ranges from pale yellow to light amber. Changes in color, especially if persistent, should not be ignored. Monitoring your urine and staying hydrated helps maintain kidney health. If unusual colors continue, it is important to consult a healthcare professional.

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