Banks borrow N9trn from CBN in 1st Quarter
The loans-to-deposit ratio fell by 1.4 percentage points to 86.6 per cent from the level in the preceding quarter, and was 6.6 percentage points above the prescribed minimum target of 80.0 per cent.â€
Govt woos senators over oil sector reforms
The Presidency yesterday commenced a lobby for the passage of the Petroleum Industry Bill (PIB) in the Senate as it emerged that government was getting zero revenue from some offshore oil production blocks as a result of fiscal arrangements with the joint ventures.
FG, states resume battle over N2.2trn deductions
Legal fireworks are set to resume before the Supreme Court today in the cases filed by states against the Federal Government on illegal deductions from the Federation Account and breaches of Section 162 of the 1999 Constitution.
Nigeria, Algeria to sign gas pipeline deal
An agreement to build a gas pipeline from Nigeria across the Sahara Desert to Algeria will be signed next week in Abuja, Algerian Energy and Mines Minister Chakib Khelil said on Monday.
Police tortured us to confess killing Rewane —Suspects
A former security guard to the late NADECO chieftain, Mr. Alfred Rewane, Lucky Igbinovia and his (Rewane’s) driver, Elvis Irenuna, yesterday narrated to a Lagos High Court how he was killed in October 1995.
Osun AC suspends Ewenla over anti-party activities
Action Congress (AC) in Osun State yesterday suspended the party’s chairman of Odo-Otin local government area of the state, Chief B.O. Ewenla.
