CBN champions mortgage refinance company to aid PMIs

CBN champions mortgage refinance company to aid PMIs

The Central Bank of Nigeria (CBN) has called for the establishment of a Mortgage Refinance/Liquidity Company (MRC) to revitalise the operations of the mortgage institutions in the country, and thus boost the housing finance sub-sector. The proposed liquidity firm will be a special purpose vehicle (SPV) to serve specialized second-tier institutions and provide both short-term […]
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Lagos signs MOU for solid waste management

Lagos signs MOU for solid waste management

LAGOS State governor, Babatunde  Fashola (SAN), has declared that the commitment which his government has applied to governance since inception will not diminish. Fashola, who spoke during the signing of a memorandum of understanding (MOU) by Lagos State government with Clinton Global Initiative and the Konsadem Consortium to develop the first modern integrated solid waste, […]

Alamieyeseigha rallies support for Yar’Adua

Alamieyeseigha rallies support for Yar’Adua

By Prisca Ekokuje FORMER Bayelsa  State governor, Chief D.S.P. Alamieyeseigha, has asked Nigerians to rally round President Umaru Yar’Adua and pray for his quick recovery. “It is a fact that the president of our dear country is being treated in Saudi Arabia for heart and kidney related ailment. We owe our nation a patriotic duty […]

Kidnapped Edo officials released

Kidnapped Edo officials released

THE general manager of the Rapid Response Agency, Edo State, Isaac Osahon, and the special assistant to the governor’s wife, Mrs. Omeme, who were reported to have been kidnapped last week have been rescued by officers and men of the state police command. In line with the stance of the state government, no ransom was […]

National Assembly may reject N158 billion FCT 2010 budget

National Assembly may reject N158 billion FCT 2010 budget

By Emmanuel Aziken Abuja-THE National Assembly may suspend consideration of the N158 billion budget proposal for the Federal Capital Territory for 2010 because of alleged acts of defiance by the minister, Senator Adamu Aliero. Aliero, a former senator, has recently had a number of spats with the National Assembly culminating in the deputy president of […]

Lagos security council meets, pledges to re-enact Yuletide zero crime rate

Lagos security council meets, pledges to re-enact Yuletide zero crime rate

LAGOS State Security Council has held its last meeting for 2009, promising to re-enact the zero crime rate recorded in the state during last Yuletide. Addressing newsmen after the meeting which took place at the State House, Marina, commissioner of police, Marvel Akpoyibo, said the council has put several measures in place to ensure safety […]

‘Microfinance banks will strengthen rural economy’

‘Microfinance banks will strengthen rural economy’

THE Central Bank of Nigeria, CBN, says an apex association for microfinance banks in Nigeria will not only strengthen and boost rural economy but is capable of strengthening the national economy, generally. Speaking at the recent harmonization of two strong microfinance banking associations in the country into the National Association of Microfinance Banks (NAMB) from […]

Why they want Yar’Adua to resign — Gov Goje

Why they want Yar’Adua to resign — Gov Goje

By GABRIEL ENOGHOLASE GOMBE State governor, Alhaji Danjuma Goje, declared yesterday at Okada, near Benin that those asking President Umaru Yar’Adua to resign from office on grounds of ill-health were doing so with a view to gaining  power through the back  door. His Edo State counterpart, Comrade Adams Oshiomhole, joined the call, appealing to Nigerians […]

Ogun PDP: Rep disagrees with Bankole on re-arrangement

Ogun PDP: Rep disagrees with Bankole on re-arrangement

By UDO IBUOT FOLLOWING the suggestion by the speaker of House of Representatives, Mr Dimeji Bankole, that  Ogun State Peoples Democratic Party (PDP) be “rearranged” as a means of moving the party forward, a member of the House of Representatives has described the opinion  as ill-timed and unnecessary. Mr Kayode Amusan, a member representing Obafemi […]