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.
Ondo LG bosses resume amid alleged imposition
The controversy trailing the inauguration of the 18 caretaker Chairmen by Governor Olusegun Mimiko of Ondo State last week may have been doused as the chairmen resumed in their offices and subsequently inaugurated 108 interim committee members in their councils.
Am looking for best brains as commissioners — Oni
After almost eight weeks in office, Ekiti State Governor, Engr Segun Oni has said he was not in hurry to appoint commissioners and other members of his cabinet, saying he intends to work with the best brains.
Gov Daniel administered oath on me under duress — Alausa
EMBATTLED Ogun State lawmaker, Mr. Olawale Hassan Alausa yesterday confirmed that he indeed took an oath but alleged that the oath was administered by Governor Olugbenga Daniel to ensure his loyalty.
Police nab 22 suspected robbers, kidnappers in Enugu
By Tony Edike ENUGU—THE Enugu State Police Command yesterday, paraded 22 suspected criminals, including armed robbers, kidnappers and rapists arrested recently in different parts of the state. Among those paraded were Anayo Frank and Kenneth Mamah, who the police said had confessed to being involved in series of kidnappings, in the South East and South-South […]
Confederations Cup claims one life
FIFA announced on Monday that one of four German journalists injured in a car crash on their way to a Confederations Cup semi-final match has died.
