12 ships laden with various commodities arrive Lagos ports
The Nigerian Ports Authority (NPA) said at least 12 ships have arrived at the Lekki, Tin Can, and Apapa ports in Lagos and are awaiting discharge of petrol, fertilizer, urea,…
Ondo: 6 church worshippers kidnapped, 1 suspected informant arrested — Police
The Police Command in Ondo State has confirmed the abduction of six worshippers of a celestial church located along Uso/Owo Expressway in Owo Local Government Area of the state. DSP…
Don’t use aerial bombardments to fight terrorists – Sheik Gumi warns
An Islamic scholar, Ahmad Abubakar Mahmud Gumi, has warned against the use of aerial bombardment to flush out terrorists while endorsing the establishment of the Nigerian Forest Security Service (NFSS),…
Do Nigerians really deserve the leadership they get? Asks Pius Mordi
‘ A people don’t lose freedom overnight. They lose it by accepting injustice one day at a time – Malcolm X’ Although the American media portrayed him as…
ICPC tracks N10.6bn constituency projects across Niger
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced the tracking of N10.6 billion constituency and executive projects approved for 2024 in Niger State. The exercise covers…
Sustained inflation decline informed MPR reduction to 26.50% — Cardoso
The Central Bank of Nigeria (CBN) says its decision to reduce the Monetary Policy Rate (MPR) by 50 basis points was partly informed by sustained deceleration in year-on-year inflation. The…
20 Banks ready for recapitalisation, meet new minimum capital requirements – CBN
The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr….
Nigeria to start exporting new crude grade in March
Nigeria’s state oil firm NNPC will begin exporting a new light, sweet crude grade called Cawthorne from March, an NNPC spokesperson said, adding to a recent recovery in output from…
NDLEA seizes 490Kg of suspected cannabis, 17,568 bottles of Codeine syrup in Sokoto
The Sokoto State Command of the National Drug Law Enforcement Agency (NDLEA) says it has seized 490.7 kilograms of suspected cannabis and 17,568 bottles of Codeine syrup in Sokoto State….
Essence of the banks’ recapitalisation policy, by Arize Nwobu
Banks are the most important financial intermediaries especially in developing countries and they operate in the money market segment of the financial system and provide short term funds to businesses,…