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.
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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.

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

I was branded a black leg for supporting the Oba of Benin—Aidonojie, the Enojie of Opoji

Recently, the Enojie of Opoji and the first Vice Chairman, Edo State Council of Traditional Rulers and Chiefs, Ehidiamen Aidonojie 1, celebrated his 29th anniversary and 60th birthday at his palace in Opoji, Esan Central Local Government Area of Edo State. The occasion was witnessed by dignitaries including the National Chairman of the All Progressives Congress (APC), Chief John Odigie Oyegun. In this interview, the monarch says he is now a born-again Christian, just as he declares that traditional rulers belonging to cults will have their kingdoms destroyed.

Who is minding the store?

Forget wishing anybody Merry Christmas this year; you might as well also dispense with the Happy New Year greetings for 2016. At the risk of being called, once again, a prophet of doom, let me declare right now that given the trend of crude oil prices, Nigerians are headed for the bleakest Christmas in history, and we stand to start 2016 with the worst economic uncertainty in our history.

Economic Eagle Flying with One Wing

The Nigerian economy, as currently operated, is like a crippled eagle flying with one wing. It will never go far. I learnt this lesson in a practical way, in my “country” home in Oyo State, where there is a large orchard and two dogs whose favourite past time is to chase birds coming to feed. Talk of “dogs in a manger”, Juliet and Lucy don’t eat insects and droppings from trees, but they are determined that no bird should eat them either. They have perfected their strategy. Juliet, the older dog, would drive a bird towards Lucy, who is more agile. Once in a while, they succeed in killing a bird – which they don’t even eat.

Why I am bent on prosecuting ex-Gov. Chime – Enugu lawyer

With the renewed vigour showed by the Economic and Financial Crimes Commission, EFCC, an Enugu based lawyer and former National Auditor, Peoples Democratic Party, PDP,Mr. Ray Nnaji, in this interview, alleges that former Governor Sullivan Chime of Enugu State has questions to answer on how he ran the state’s finances. This is coming on the heels of preliminary investigation conducted by the EFCC on some aides of the former governor. Excerpts…

Kogi and Bayelsa guber polls: INEC’s crisis of legitimacy

Taken aback by the spate of criticism of Mr. President, over his appointment of Mrs Amina Zakari as ‘Acting Chairperson’ of the Independent National Electoral Commission, INEC, by some of those who lent their support to his blitzkrieg presidential campaign, there is now a necessitating need to examine the arguments against the appointment to find ways of foraging an eschewal that can mitigate the issue from an administrative and legal gaffe to a mere faux pas – if that were to be possible.

Attacks on Amaechi: The facts behind the figures

FRESH facts have emerged suggesting that the new round of media attacks on former governor of Rivers State, Mr. Rotimi Amaechi may have been the brainchild of perceived political traducers.

Buhari and the enthronement of meritocracy

If there was any doubt that the inauguration as Nigeria’s fifth democratically elected President of Muhammadu Buhari, a former military head of state, famed for his integrity, would not lead to a substantial departure from the way Nigeria has been misruled in the last 30 years, such doubts have started melting.

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