In a bid to address any systemic failure resulting from build up of toxic asset, Nigeria Deposit Insurance Corporation, NDIC, has cautioned Primary Mortgage Banks, PMBs to adhere to recommended corporate governance practices based on effective and sustainable risk management practices as instituted by regulatory authorities.

The Senate President, David Mark has assured that the National Assembly will do every thing within its power to put an end to the insurgency in the country.

The words ‘youth’ and ‘restiveness’ have become so commonly used together in the last couple of years that they seem to have taken on a life of their own.

What we have seen is that instead of banks channelling what we call excess liquidity in the system into the productive or certain targeted sectors of the economy, what they are doing is either placing these monies in treasury bills or even investing them at the CBN Windows”

THE normal trend is that Nigeria lags behind in most indices of development and topping the charts when it comes to indicators of backwardness. For instance, in the Africa ranking of attainment of the Millennium Development Goals (MDG’s), whereas Egypt is first, Tunisia second, Ghana fifth, Nigeria is 47th, competing with countries like Niger (46th, Somalia (51) and Congo (52 and last).

THE Senate has lamented that Free Zones in the country have not benefited the economy as a result of the weak regulatory framework guiding their operations.

The choice of the popular Hon. Ifeanyi Ugwuanyi, as the consensus candidate by the mainstream section of the Peoples Democratic Party, PDP aligned to Governor Sullivan Chime as the party’s 2015 gubernatorial candidate was received with excitement across many.

KRISTON LALLY, the company disowned by the Nigeria Labour Congress, NLC, for its housing scam and project failure has put the blame squarely on the doorsteps of leadership of the NLC.

ABAKALIKI—THE management of Federal College of Agriculture, Ishiagu, Ebonyi State, has been hit by a scandal as the Acting Provost, Dr. Felix Anuebunwa, and three others are involved in an investigation by the Zone 6 Command of Nigeria Police over alleged theft of one Mercedes Tipper.

The second Shell Petroleum Exploration and Production Company Junior Tennis Championship kicks off at the Lagos Lawn Tennis Club with several players just back from international competitions or training programs eager to show off their new form.