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Experts: Nigeria needs 700,000 housing units annually to address 20 million deficit

Stakeholders in the housing sector, has called on the Federal Government to target the provision of at least 700,000 housing units per annum in order to address the over 20 million deficit in the sector.
Edo State Governor, Mr Godwin Obaseki (right) receiving items from Managing Director, Yongxing Steel Company Limited, XiangHai Zhang; at the Government House, in Benin City, on Wednesday, April 29, 2020.

Group rejects Chinese gifts to Governor Obaseki

A civil society group, Concerned Nigerians in Edo state, have condemned the action of the Edo state governor, Mr Godwin Obaseki, in accepting so-called health packages from China, home of the dreaded Covid-19.

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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Presidential panel grills four EFCC sectional heads

The Justice Ayo Salami-led presidential investigation panel probing corrupt allegations levelled against the suspended Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, on Tuesday grilled four-unit heads of the commission.

Lagos assemblymen go for coronavirus tests, fumigate complex

The Lagos State House of Assembly has directed all lawmakers to go for COVID-19 test following the death of the Chairman, House Committee on Information, Strategy and Security, Tunde Braimoh.
President of the Nigeria Labour Congress (NLC), Mr Ayuba Wabba

Labour hails Nigerian government for remitting N7.45 billion workers’ retirement benefits

The Nigeria Labour Congress has commended the Federal Government for remitting N7.45 billion accrued rights and benefits into the retirement savings accounts of federal retirees covering April and May 2019.
CHRIS OKOTIE

Chris Okotie: Online church service unbiblical

Pastor of the Household of God Church International Ministries in the Oregun area of Lagos State, Reverend Chris Okotie, says online church service, which has become the order of the day due to the COVID-19 pandemic, is unscriptural.

Nigerian Breweries donates palliatives to journalists in Imo

The Nigerian Breweries Plc on Tuesday donated food items, sanitiser and drinks to members of the Correspondent Chapel of the Nigeria Union of Journalists (NUJ) in Imo.