CBN reduces CRR 25 %, says TSA has no negative impact on banks

CBN reduces CRR 25 %, says TSA has no negative impact on banks

By Emma Ujah The Central Bank of Nigeria, CBN, has reduced the Cash Reserve Ratio , CRR, from 31 per cent to 25 per cent. This was one of the major decisions of the Monetary Policy Committee meeting which ended in Abuja, yesterday. The CBN Governor, Mr. Godwin Emefiele who briefed the press after the […]
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We are not recruiting, auctioning, Customs warns

We are not recruiting, auctioning, Customs warns

The Nigeria Customs Service (NCS), has stated that it is presently neither recruiting nor auctioning seized or overtime, adding that such activities remain suspended till further notice.

Traders make big gains at Bayelsa APC primary election

Traders make big gains at Bayelsa APC primary election

Petty traders are making brisk businesses at the Samson Siasia Stadium, Yenagoa, venue of the All Progressives Congress (APC) Governorship Primary Election. The venue was filled with party supporters, who outnumbered over 1,502 delegates from the eight local government areas of Bayelsa.

Ambode appoints new LIRS chairman

Ambode appoints new LIRS chairman

Lagos State Governor, Mr. Akinwunmi Ambode has appointed Mr. Olufolarin Ogunsanwo as the new Chairman, Lagos State Internal Revenue Service (LIRS).

Wife seeks dissolution of 20-year-old marriage for alleged husband’s joblessness

Wife seeks dissolution of 20-year-old marriage for alleged husband’s joblessness

A 42-year-old wife, Odeyemi Joke, has urged an Ado-Ekiti Customary Court to dissolve her 20-year-old marriage to her husband, Akintade for alleged frequent fighting and not ready to work. Joke, a resident of No 18, Oke-ila Street, Ado-Ekiti, on Tuesday also alleged lack of care for her and the children as well as lack of rest of mind.

Alleged cultism: Arrest of monarch, 5 chiefs sparks anxiety in Rivers town

Alleged cultism: Arrest of monarch, 5 chiefs sparks anxiety in Rivers town

OKPOSI COMMUNITY -THERE is tension at Okposi community in Egbema Kingdom, Ogba/Egbema/Ndoni Local Government Area in Rivers State, following the arrest and detention of the paramount ruler, Ochioha Okposi, HRH, (Eze) Dr. Gideon Nwokocha and five of his chiefs by the police over purported involvement in cult activities.

OPC launches  manhunt for Falae, abductors

OPC launches manhunt for Falae, abductors

Founder of the Oodua People’s Congress (OPC), Dr. Frederick Fasehun, has called for the immediate release of his birthday mate, Chief Olu Falae, kidnapped on Monday in Akure, Ondo State. Born on September 21 like Falae, a visibly agitated Fasehun, who turned Octogenarian yesterday, said in Lagos yesterday that he had ordered OPC operatives to […]

Removal of road blocks reduced corruption – Arase

Removal of road blocks reduced corruption – Arase

The Inspector -General of Police, Mr Solomon Arase, has said that the removal of roadblocks from the nation’s highways and application of other administrative policies had reduced corruption in the Force.

Bayelsa will not access bail-out funds – Gov. Dickson

Bayelsa will not access bail-out funds – Gov. Dickson

Bayelsa government says it will not draw its share of the N222 billion approved by the Central Bank of Nigeria (CBN) for states to clear outstanding workers’ salaries. CBN has approved N12.85 billion for the state. Nineteen states have so far drawn from the funds that have a 20-year tenure.

Gloom descends on N/Assembly over Saraki

Gloom descends on N/Assembly over Saraki

An atmosphere of gloom descended on the National Assembly on Tuesday as the Senate President, Bukola Saraki, faced trial at the Code of Conduct Tribunal in Abuja.

Stop disturbing NYSC staff for concessional posting, DG warns

Stop disturbing NYSC staff for concessional posting, DG warns

The Director General, National Youth Service Corps (NYSC), Brig-Gen. Johnson Olawumi, has disclosed that the scheme would no longer entertain request from people, seeking for concessional posting for their wards, relatives and friends for mobilisation during the NYSC mandatory one year national service.