CBN fixes capital base for Devt banks at N100bn

CBN fixes capital base for Devt banks at N100bn

Central Bank of Nigeria (CBN) has rolled out policy for establishment of development banks popularly known as Development Finance Banks (DFIs) stipulating a minimum capital base of N100 billion and N10 billion for those that would operate in the wholesale segment and retail segment respectively. With this development a major adjustment has been effected in the structure of banking industry in Nigeria creating a big ticket up-tier subsector in the industry.
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You don’t change a winning team — PDP

You don’t change a winning team — PDP

ABUJA — AHEAD of the Presidential and general elections slated for March 28 and April 11 respectively, National leadership of the Peoples Democratic Party, PDP said yesterday that no one changes a winning team, just as it urged Nigerians to re- elect the party’s Presidential candidate, President Goodluck Jonathan because of his achievements in the last four years.

CAF club licensing system

CAF club licensing system

Permit me to go back to the seminar I attended last week in Cairo and its attendant coincidences. The CAF Club Licensing System (Already operational in FIFA and UEFA) is a bold attempt aimed at professionalizing clubs in Africa. Its objectives as found in the CAF Club Licensing Regulations include but not limited to

Urhobo youths endorse Jonathan

Urhobo youths endorse Jonathan

ASABA—LEADERSHIP of the youth wing of Urhobo Progress Union, UPU, has endorsed President Goodluck Jonathan as its sole candidate in the March 28 presidential election.

Pillars cry foul after 4-0 mauling

Pillars cry foul after 4-0 mauling

Kano Pillars defender Isaac Loute has said the referee caused his team’s heavy loss to Morocco’s Mohgreb Athletic Tetouan (MAT) 4-0 in a re-arranged CAF Champions League tie.

Resign, join politics, Edo Majority Leader tells IG

Resign, join politics, Edo Majority Leader tells IG

BENIN—MAJORITY Leader of Edo State House of Assembly and House of Representatives candidate of the All Progressives Congress, APC, in Etsako federal constituency, Edo State, Mr Philip Shaibu, has accused the Inspector General of Police, Mr Suleiman Abba of being a stooge of the Peoples Democratic Party, PDP, urging him to resign his position and join politics. He said the IG’s comment that Nigerians should cast their votes and leave the polling units was an indication that the IG was allegedly working with “enemies of democracy to rig the elections.”

Chadian troops return to Gamboru after Boko Haram kill 11 persons

Chadian troops return to Gamboru after Boko Haram kill 11 persons

Chadian troops, which weekend accused the Nigerian troops of being afraid to occupy recaptured towns returned to the northeast Nigerian border town of Gamboru after Boko Haram took advantage of a lack of military presence to kill 11 people. “Hundreds of Chadian troops moved into Gamboru this morning (yesterday) from Fotokol,” said Babagana Karimbe, who lives in the town in northern Cameroon which is separated from Gamboru by a bridge.

Maritime workers decry crisis rocking NLC

Maritime workers decry crisis rocking NLC

MARITIME Workers Union of Nigeria, MWUN, weekend described as unacceptable and a shame the crisis rocking the Nigeria Labour Congress, NLC, following disagreement over the outcomes of March 12 rescheduled election in Abuja. In a statement by the President-General of MWUN, Comrade Emmanuel Tony Nted, the union said it was sad that the desperation of some individuals had reduced the Congress to a laughing stock both locally and internationally.

Vote to determine your future —AMAECHI

Vote to determine your future —AMAECHI

Governor Rotimi Amaechi of Rivers State has urged Nigerians to vote cautiously in Saturday’s presidential elections in order to shape their future. He said that it was their only power to transform both the country and its leadership and appealed to the people to vote for the All Progressives Congress, APC presidential candidate, Gen. Muhammadu Buhari.

Lagos HOS advocates women equality

Lagos HOS advocates women equality

lagos—The Lagos State Head of Service, HOS, Mrs Folashade Jaji, has said that there were women capable of occupying the highest office in Nigeria if given the necessary support, urging mothers to train their sons to respect women. She added that women in Lagos State government, for instance, had gone beyond advocating the affirmative action to taking their destiny in their hands by achieving goals and making their marks.

Lekki deep seaport construction to start soon — NPA

Lekki deep seaport construction to start soon — NPA

lagos— Arrangements had been concluded to commence construction of Lekki Deep Seaport project in April, Malam Habib Abdullahi, Managing Director, Nigeria Ports Authority (NPA), has said. Mr Musa Iliya, Assistant General Manager, Public Affairs, NPA, said this yesterday in Lagos in a statement.