Why CBN revoked operating license of 224 MFBs
The Central Bank of Nigeria, CBN, has said high level of non-performing loans, resulting in high portfolio at risk (PAR), which had impaired their capital and gross undercapitalization in relation to the level of operations, are some of the reasons why the operating license of some microfinance banks (MFBs) were revoked.
Investigate Federation Account, NCP urges EFCC, ICPC
National Conscience Party, NCP, has asked Economic and Financial Crimes Commission, EFCC, and Independent Corrupt Practices and other offences Commission, ICPC, to immediately commence investigations into the alleged ongoing corruption in the operation and management of the Federation Account.
2011: I won’t resign, says Jega
The National Chairman of the Independent National Electoral Commission, Professor Attahiru Jega, Monday, said no amount of pressure that would be brought on him would make him resign his position as the head of the electoral body.
Ex-militants barricade Warri-Benin highway over allowance
EX-MILITANTS who are undergoing different skill acquisition programmes in Sapele, Delta State, Monday, abandoned their training activities and laid siege to the Warri-Benin road for up to three hours.
Lebanese Catholic priest kidnapped in Abia
A Lebanese Catholic Priest, Rev. Fr. George Keiruz, has been kidnapped at Obehie Junction, Asa, Abia State, along Aba-Port Harcourt expressway by 10 gunmen who drove in a jeep. The bandits were said to have sped out of their hideout, crossed the priest’s car and forced it to an abrupt halt.
Expert makes case for skilled workers
An international management consultant based in the United Kingdom, Mr Kachi Okezie, has called for a shift of emphasis in Nigeria from paper qualifications to skills that are relevant to the labour market.
