ICPC summons 4 IMT officials over N113m
Four principal officers of the Institute of Management and Technology, IMT, have been summoned by the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over alleged illegal collection of N113 million from students.
Borno LG introduces free feeding system, uniforms in schools
By Ndahi Marama MAIDUGURI—The Caretaker Committee Chairman of Gubio Local Government Area of Borno State, Zanna Modu Gubio, has introduced free feeding of pupils in all the primary schools to encourage increase in the number of enrolment. He also distributed free school uniforms and teaching materials to the 21 schools now fully in operation, following […]
Perez rules Gov’s Cup Futures 6
Spanish sensation, Enrique Perez weekend won the men’s singles crown of the Lagos Governor’s Cup Tennis Futures 6, marking a highly successful two weeks of circuit tennis for the 25 year-old Challengers Tour player.
CBN’s treasury bills offer suffers N56.7bn under-subscription
The Central Bank of Nigeria’s treasury instrument suffered huge under-subscription for the first time in recent months, following the lingering liquidity squeeze in the money market.
Boy, 19, rapes 10-year-old girl in Ogun
ABEOKUTA—MEN of Ogun State Police Command have arrested one 19-year-old Felix Gbadebo for allegedly defiling a 10-year-old girl (names withheld).
We lend to sectors that keep the country functioning
To the best of my knowledge that is not correct. Yes, banks would make money when the yield on CBN instruments goes up and bank customers also move funds to invest in the instruments, creating liquidity tightening. If you check the website of FMDQ you will see that the volume of trade in the fix income market has flattened and now the volatility has flattened.
