FCMB raises $150m loan to boost interest earnings
First City Monument Bank Plc has raised $150 million loan from the international investing community, for on-lending to critical sectors of the economy. The loan will help the bank boost its interest earning capacity in the 2014 operating year. The unaudited nine months results of the bank ending September 30th 2013 show that the bank earned N41.1 billion net interest income, and net interest margin of 7.8 per cent , which translated to 7.8 kobo interest on every N1 of loan granted.
Police shot Senator Abe in Rivers
SENATOR Magnus Abe was allegedly shot with a rubber bullet, Sunday, by the Police at the Port Harcourt venue of a rally of Save Rivers Movement, a pro-governor Chibuike Amaechi group. The Police however denied the allegation.
IPMAN denies plan to commence nationwide strike
The Independent Petroleum Marketers Association of Nigeria (IPMAN), on Sunday said its members had no plan to embark on a nationwide strike in February.
Pope names 19 new cardinals
Pope Francis on Sunday named 19 new cardinals, 16 of whom will hold voting rights in the conclave that elects the pontiff.
CHAN: How Mali beat Nigeria, 2-1
Mali brew up one of the earliest shockers of the CHAN tournament when they beat the Super Eagles of Nigeria 2-1 in the second game of Group A at Cape Town Stadium on Saturday night.
Not compulsory to celebrate birthday of Prophet Muhammad – Iman
An Ibadan-based Islamic Scholar, Sheikh Fadhilulah Hamzat, says it is not compulsory for Muslims to celebrate Mawlud Nabiyy or the birthday of Prophet Muhammad.
