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Central bank retains minimum 65% loan deposit ratio

The Central Bank of Nigeria says it has retained the minimum 65 per cent of Loan Deposit Ratio in the interim.

Central bank deducts N500 billion from Zenith, GTB, Citibank, UBA, 8 others

The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.

Central bank mandates commercial banks to give out more loans

A new directive by the Central Bank mandates Nigerian banks to give N65 as loans for every N100 they have as deposits.
Adams Oshiomhole

Adams Oshiomhole: Despite economic growth, poverty level still high in Nigeria

There is still high rate of poverty in Nigeria despite government’s effort in pulling the country out of recession, the national chairman of the All Progressives Congress (APC), Adam Oshiomhole, has said.

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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Edo State Governor Godwin Obaseki, has asked the Peoples Democratic Party to show proof of allegations that the state treasury is empty.

Edo governor, security chiefs meet, strategise to combat farmer-herder clashes

The Edo State Governor, Mr. Godwin Obaseki, has disclosed that his administration is firming up strategies with relevant security agencies to tackle cases of farmer-herder clashes in the state.

Senator Oriolowo eulogises Bisi Akande at 81

The Senator representing Osun West senatorial district, Engineer Adelere Oriolowo, has described the leader of the All Progressive Congress (APC) and former governor of Osun State, Chief Adebisi Akande, as the big tower between the old and the new Nigeria.

Murder: Two to die by hanging in Osun

Justice Jide Falola of the Osun State High Court in Ikirun on Friday sentenced two men to death by hanging for murder.

Petrol tanker explodes in Onitsha

The Federal Road Safety Corps (FRSC), Anambra Command, on Friday said no casualty was recorded in the tanker that burnt at Upper Iweka in Onitsha.

Imo governorship election enough for INEC chairman to resign – APC chieftain

A chieftain of the All Progressives Congress, Peter Esele, said on Friday that the Independent National Electoral Commission, INEC, should take all the blames for the verdict of the Supreme Court on the Imo governorship election.