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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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The Lagos State Governor, Babajide Sanwo-Olu, has commenced the distribution of bags of rice, beans and Vitamin C to indigent families to cushion the stay-at-home order aimed at tackling the spread of Coronavirus. 5

Nigeria struggles towards shutdown as virus fears grow

The normally bustling markets have thinned out and the notoriously clogged roads are eerily free: Lagos is lurching towards shutdown as Nigeria tries to prevent the spread of coronavirus.
Lagos State Commissioner for Health, Akin Abayomi, on Tuesday asked the passengers who were on the same plane with the lady to self-isolate as he released hotlines to call should they show any symptoms.

Lagos confirms eight new virus cases

Prof. Akin Abayomi, the State Commissioner for Health, made this known on his Twitter handle
MURIC Director, Prof. Ishaq Akintola, said this in a statement on Monday in Lagos.

MURIC supports minister on prison decongestion

The Muslim Rights Concern (MURIC) has supported the call by Minister of Internal Affairs, Mr Rauf Aregbesola, for decongestion of Correctional Centres to prevent the spread of COVID-19.
As Nigeria celebrates her 59th year independence anniversary, Governor Darius Ishaku of Taraba State has said that though the country is 59 years old, it has not matured.

Taraba shuts down borders, bans travel in and out of state

Taraba State Governor Darius Ishaku has banned travel in and out of the state with effect from Sunday, March 29th until further notice.

US: Emergency visa for medical professionals with approved H, J petitions

The United States Embassy in Nigeria says the recent emergency visa appointment for medical professionals is only for individuals with approved H or J petition.