Exorcising the ghost of banking sector distress!
If the monetary authorities and stakeholders in the financial sector of the economy do not put measures in place urgently to curtail the increase in the volume of huge Non- Performing Loans (NPLs), the banking industry may experience yet another financial crisis capable of making some banks not to stay afloat. Data shows NPLs stand at about 3.3 per cent of the N13trillion industry credit with a set limit of five percent. This implies that NPLs in the country have only 1.7 percent to reach the limit.
Four soldiers, one policeman shot dead
The peace of the coastal town of Nembe, Bayelsa State was violated, Friday night, when some armed men, suspected to be sea pirates, attacked a Joint Task Force JTF base, killing four soldiers and a policeman.
Eunisell showcases technological innovations at exhibition
Oil and gas firm, Eunisell has restated its commitment to support local content in the oil and gas industry, particularly among marginal field operators in the country, with a view to early production in oil and gas marginal fields.
Tanzania clash: Expect surprises on list of foreign pros — Oliseh
Nigeria coach Sunday Oliseh has said that there will be a few surprises when his list of foreign-based professionals to tackle Tanzania next month is released in coming weeks.
BAILOUT: The role played by Debt Management Office
The announcement of a bailout package for Nigeria’s 36 states that could no longer meet their statutory financial obligations, by President Mohammadu Buhari was such a relief to the insolvent states.
Remarriage? I am not searching – Savanhu, Zimbabwean actress
Memry Savanhu was the cynosure of all eyes when she sashayed into the venue of our interview. Though she is yet to be a household name, the Zimbabwean born actress, who recently relocated to Nigeria, is all set to contribute her quota to the growth of Nollywood. The light skinned actress and filmmaker studied drama in London and also attended the New York Film Academy in Abu Dhabi. In this interview, she explains why she became a filmmaker, being a single parent, working with Rita Dominic, among other issues
