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Stress test: Nigerian banking sector remain strong – central bank governor

The Governor of Central Bank of Nigeria, Mr Godwin Emefiele on Sunday said that the Nigerian banking sector is strong in spite of the fact that some banks failed its stress test.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF: Nigeria’s border closure hurting Benin, Niger economies

The International Monetary Fund (IMF) has said the sustained closure of the Nigerian land borders is hurting economies of Benin Republic and Niger Republic.

Central bank, IMF disagree over impact of forex restrictions on foreign direct investment inflow

The Central Bank of Nigeria (CBN), yesterday disagreed with the position of the International Monetary Fund (IMF) on the impact of the foreign exchange (Forex) restrictions on Foreign Direct Investment (FDI) inflow into the country.

World Bank to invest $510 million in Lake Chad Basin

The World Bank is willing to invest $510m, in three tranches, in the Lake Chad Basin to address insecurity, desertification and humanitarian challenges, among others.

No Nigerian bank is distressed – central bank chief

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, yesterday, allayed fears on speculations of alleged insolvency in about seven banks following their failure to scale through a recent stressed conducted by industry regulators.

CBN: Forex restrictions not impeding FDIs

The Central Bank of Nigeria Governor, Mr. Godwin Emefiele, on Sunday disagreed with the International Monetary Fund (IMF) that foreign exchange restrictions place on some items in the official forex market was impeding the flow of foreign direct investments (FDIs) in the country.

World Bank approves $3 billion loan for power sector

The World Bank has finally approved Nigeria’s request for a $3bn loan for the expansion of the transmission and distribution networks in the power sector.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Revenue generation not behind border closure – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the temporary closure of Nigeria’s land borders with her neigbours is not to induce revenue generation.

IMF faults forex restrictions on 43 items as hurting investments

The foreign exchange restrictions placed on 43 items by the Central Bank of Nigeria (CBN) on Tuesday drew criticism from the International Monetary Fund (IMF).
Kanye West

Kanye West: I’m now a Christian convert

West said this at the weekend, when he was in Washington DC, where he held his usual Sunday service and also a listening party during which he gave fans a taste of his new album, titled ‘Jesus is King.’

On Chibok girls, David Cameron may be right

I have read both the accounts of the former British Prime Minister, David Cameron, and that of our former president Dr Goodluck Jonathan on what transpired in the early days of the kidnap of the Chibok girls.

Research body to tackle malnutrition, stunted growth in Nigeria

The International Food Policy Research Institute (IFPRI) in Washington DC said it was collaborating with stakeholders in Nigeria to tackle malnutrition and stunted growth among children.
The United States African Development Foundation (USADF) and the Niger State government have signed a Memorandum of Understanding (MoU) for a strategic partnership deal worth $10 million to run for a period of over five years.

Niger government, USADF sign $10 million MoU on strategic partnership deal

The United States African Development Foundation (USADF) and the Niger State government have signed a Memorandum of Understanding (MoU) for a strategic partnership deal worth $10 million to run for a period of over five years.

IPOB: Nnamdi Kanu to lead ‘Biafran’ delegation to UN on Tuesday

Leader of the proscribed Indigenous people of Biafra (IPOB), Nnamdi Kanu, will on Tuesday lead a delegation to the UN office in Geneva, Switzerland.
Wayne Rooney says Louis van Gaal is the best head coach he has worked under, despite being managed for nine years at Manchester United by Sir Alex Ferguson.

Wayne Rooney: Louis van Gaal best I’ve worked under

Wayne Rooney says Louis van Gaal is the best head coach he has worked under, despite being managed for nine years at Manchester United by Sir Alex Ferguson.
WASHINGTON, DC - JULY 02- Wayne Rooney #9 of DC United listens during his introduction press conference at The Newseum on July 2, 2018 in Washington, DC. Patrick McDermott-Getty Images-AFP

Wayne Rooney looks to the future and reveals manager job offers

Wayne Rooney has turned down offers to move into management because he wants to focus on his playing career, but he is eager to become a coach after his retirement.

Presidency: VPs Osinbajo, Pence to discuss economy, foreign relations

The Presidency has said Vice President Yemi Osinbajo and his United States counterpart, Mr. Mike Pence, are to discuss matters of mutual interests between Nigeria and the US, economic prospects and other related matters in Washington DC.
The Comptroller-General of Customs (CGC) Strike Force Zone ‘A’ has intercepted 2,494 bags of 50Kg parboiled rice, 1288 jerrycans of vegetable oil and assorted cars with Duty Paid Value of N47million in one month.

Customs intercepts goods worth N47 million

The Comptroller-General of Customs (CGC) Strike Force Zone ‘A’ has intercepted 2,494 bags of 50Kg parboiled rice, 1288 jerrycans of vegetable oil and assorted cars with Duty Paid Value of N47million in one month.

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UNILORIN elevates 968 staff in 2019 promotion exams

The Management of the University of Ilorin (UNILORIN) says it has promoted 968 staffs in the 2019 promotion examination.
Tammy Abraham runs to the Chelsea fans after his early goal. Nigel Keene-ProSports-REX-Shutterstock

Tammy Abraham to earn £50,000 per week in improved contract

Nigeria born England international Tammy Abraham is on the verge of landing a boost on his Chelsea contract it has been revealed.
The Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday disclosed that the federal government plans to conduct oil blocks bid rounds in 2020.

CSO asks President Buhari to sack minister over $62 billion debt statement

A Civil Society Organisation (CSO), the Accountable Leadership For Better Nigeria Initiative, ALBNI, has called on President Muhammadu Buhari to relieve the Minister of State for Petroleum Resources, Timipre Sylva, of his duties over claims by the latter that debt owed the federal government by the International Oil Companies, IOCs, would be difficult to recover legitimately.
Monalisa Chinda-Coker

Nollywood diva Monalisa Chinda harps on actors’ welfare

Veteran Nollywood actress, producer and TV personality, Monalisa Chinda, has called for improved welfare and better working environment for Nigerian actors.
A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki. 6

Senator Saraki’s Ikoyi houses under forfeiture — in pictures

A Federal High Court in Lagos has ordered the interim forfeiture of two properties in Ikoyi, Lagos, belonging to former Senate President, Dr. Bukola Saraki.