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RBI plans new eligibility norms for Urban Co-op bank licences

Economictimes.indiatimes.com 

The Reserve Bank of India is considering new rules for urban cooperative bank licenses. Credit societies meeting strict financial and operational standards may qualify. This move aims to strengthen the sector. The proposal seeks to reopen licensing after a long pause. Only large, well-managed entities will be considered for conversion. Governance standards will align with commercial banks.

RBI's $10-billion forex swap gets thrice the bids

Economictimes.indiatimes.com 

The Reserve Bank of India's 3-year dollar-rupee buy-sell swap witnessed robust demand, attracting bids of $29.9 billion against a notified amount of $10 billion. The cutoff premium surged to 728 paise, reflecting increased pressure on the rupee compared to the previous year. This higher premium indicates a greater cost for the RBI to purchase dollars.



Ekiti poll: Oluyede plans appeal as court nullifies PDP primary

The Punch 

A Federal High Court has nullified the Ekiti PDP primary election won by Wole Oluyede. The court ordered a fresh election, but Oluyede plans to appeal. Read More: https://punchng.com/ekiti-poll-oluyede-plans-appeal-as-court-nullifies-pdp-primary/

Aviation ministry allocates N7.46bn to boost flight safety

The Punch 

Nigeria’s Aviation Ministry allocates N7.46bn to enhance flight safety through technology upgrades, staff training, and operational reforms in its 2026 bud Read More: https://punchng.com/aviation-ministry-allocates-n7-46bn-to-boost-flight-safety/

Navy backs FG’s 2.5m bpd crude projection

The Punch 

The Nigerian Navy launches Operation Delta Sentinel to combat oil theft and support the government’s plan to achieve 2.5 million bpd crude oil production. Read More: https://punchng.com/navy-backs-fgs-2-5m-bpd-crude-projection/

Court awards $25,000 against Meta in Falana’s privacy suit

The Punch 

A Lagos court ordered Meta to pay $25,000 in damages in Femi Falana’s privacy suit over a false video. The ruling found Meta breached Nigeria’s Data Protec Read More: https://punchng.com/court-awards-25000-against-meta-in-falanas-privacy-suit/

Victims identify alleged Owo church attackers in court

The Punch 

Witnesses provide harrowing accounts and identify suspects in the trial for the deadly Owo church attack of June 2022. Read the latest court updates. Read More: https://punchng.com/victims-identify-alleged-owo-church-attackers-in-court/

2026 dawns in bloodshed

The Punch 

Nigeria rings in 2026 with a wave of violence and bloodshed, echoing past massacres. The article details the escalating security crisis and calls for actio Read More: https://punchng.com/2026-dawns-in-bloodshed/

Are technical indicators flagging deeper weakness across Nifty 500 stocks?

Economictimes.indiatimes.com 

Technical indicators reveal a weakening undertone in India's top 500 shares, with a majority trading below key moving averages. This broad-based weakness, exacerbated by trade deal uncertainties and global concerns, suggests sellers are dominating across sectors. While oversold conditions may present buying opportunities for quality stocks, a decisive upward trend is not yet anticipated.

50 pounds of beef stolen from Lyon County food pantry

Ksnt.com 

LYON COUNTY (KSNT) - Lyon County deputies are investigating the theft of 50 pounds of ground beef from a local food pantry. Deputies were dispatched to a reported burglary on Monday, Jan. 12 at the North Lyon County Food Pantry in Allen. Officials say the theft may have occurred sometime between Jan. 4 and Jan. [...]





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