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Lagos chamber: Central bank lending rate will normalise credit market, economic growth

Lagos Chamber of Commerce and Industry (LCCI) says the lending policy of the Central Bank of Nigeria (CBN) will normalise the credit markets, spur economic growth and broaden the interface between entrepreneurs and the banking industry.

Central bank pegs remunerable bank deposits at N2 billion

The Central Bank of Nigeria has pegged bank deposit placement through its Standing Deposit Facility (SDF) at N2billion, saying that any amount in excess of that will not attract interest payment.

Central bank intensifies pressure on banks to lend to the economy

In a bid to further stimulate lending to the economy, the Central Bank of Nigeria, CBN, yesterday, said bank deposit placement through its Standing Deposit Facility, SDF, in excess of N2 billion will not attract interest payment.

Kaduna APGA candidate denies collecting money to mortgage candidature

Less than two weeks to the general elections, gubernatorial candidate of the All Progressives Grand Alliance (APGA) in Kaduna State, Polycarp Gankon, has denied the rumour making round in the state that he has collected money to mortgage his candidature.
Ngozi Olejeme

Court orders interim forfeiture of Ngozi Olejeme’s assets

A Federal High Court presided over by Justice Ijeoma Ojukwu has ordered the interim forfeiture of assets and properties traced to Ngozi Olejeme, a former chairman of Nigeria Social Insurance Trust Fund, NSITF.
election inec nigeria

NGE urges INEC to be loyal to Nigeria, not political parties

Ahead of the 2019 general elections, the Nigerian Guild of Editors (NGE) has advised the Independent National Electoral Commission (INEC) to be truly independent and show its loyalty to Nigeria and neither to any particular politician nor individuals.

MGCs: CBN pegs minimum capital at N6 billion

The Central Bank of Nigeria (CBN), has said that companies seeking licenses as Mortgage Guarantee Companies (MGCs), shall maintain a N6 billion minimum capital in addition to N100,000 non-refundable application; non-refundable licensing fee of N1 million; and N50,000 change of name fee.

Nigerian sues Oxford University over wrong dictionary definition

An activist, Ogedi Ogu, has asked a Lagos High Court Igbosere, to order Oxford University Press to pay N10 million as damages, over alleged wrong word definition.

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Nigerian Stock Exchange NSE

NSE drops to 27,000 mark, amid Seplat losses

The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached all time low of 27,864.49 due to sell pressure in Seplat and 18 other equities.
The trio of Shehu Abdullahi, Jamilu Collins and Samuel Kalu could miss Super Eagles next Total Africa Cup of Nations Group B clash against Guinea at Alexandria Stadium on Wednesday afternoon.

Afcon 2021: Qualifiers draw pairs Nigeria with Sierra Leone, Lesotho and Benin

Nigeria have been pooled against Sierra Leone, Lesotho and Benin Republic in Group L of the 2021 Africa Cup of Nations billed for Cameroon.

Governor Umahi swears in 29-year-old photographer as media aide

The Ebonyi State Governor David Nweze Umahi has sworn in a 29-year-old photographer, Francis Nwaze, into his cabinet as his special Assistance on media/project documentation.

Delta court sentences man to death by hanging for armed robbery

A Delta State High Court sitting in Warri Judicial Division presided over Justice A.A. Onojovwo, has sentenced one Victor Nwankpa to death by hanging for armed robbery.
Imam Abubakar Abdullahi, right, when he earned the Ahmadu Bello Merit award earlier this year

President Buhari urges religious leaders emulate Imam Abdullahi after US honour

President Muhammadu Buhari has expressed delight over the International Religious Freedom Award conferred on Imam Abubakar Abdullahi of Nigeria by the U.S. Department of State.