Banks struggle with excess N1.5trn deposits

Banks struggle with excess N1.5trn deposits

LAGOS—Excess liquidity in the banking system rose to about N1.24 trillion, last weekend, following huge backlog of unmet foreign exchange demand for which the Central aBank of Nigeria, CBN, returned the Naira back-up funds to the banks on Friday.
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Military arrests Boko Haram suspects in IDP camp

Military arrests Boko Haram suspects in IDP camp

The Nigerian military has arrested two Boko Haram suspects, Messrs Audu Umar and Hassan Umar, for smuggling themselves among the Internally Displaced People (IDPs) brought from Pulka to Gwoza IDPs’ camp in Borno State.

Buhari jets out to Saudi Arabia, Qatar

Buhari jets out to Saudi Arabia, Qatar

President Muhammadu Buhari is billed to leave Abuja for Suadi Arabia and Qatar tomorrow to engage officials of both countries in talks for the stability of oil prices.

Six killed in Michigan shooting rampage

Six killed in Michigan shooting rampage

A gunman killed six people and seriously injured two others in the northern US state of Michigan, police said Sunday, after arresting an armed 45-year-old white male for the crime.

Wenger tells Arsenal to be ruthless against Barca

Wenger tells Arsenal to be ruthless against Barca

Arsene Wenger accepted his Arsenal side must be more ruthless against Barcelona than they were against Hull when the Champions League holders arrive at the Emirates Stadium on Tuesday.

I stole my boss’s car to attend Valentine party – Suspect

I stole my boss’s car to attend Valentine party – Suspect

Operatives of the Rapid Response Squad, RRS, Lagos State Police Command have arrested one Emmanuel John, 26 years old for duplicating the car key of his boss, Mrs. Flora Ighalo, and later absconded with it without the knowledge of the owner.

Fayose to Buhari: Devalue Naira now, forex policy short-changing Nigerians

Fayose to Buhari: Devalue Naira now, forex policy short-changing Nigerians

Governor Ayodele Fayose of Ekiti State has called for the devaluation of the nation’s currency, the Naira, saying, “With the gap between the official rate of N199 and open market rate of over N400 to one dollar, Naira has already been devalued. Therefore, President Muhammadu Buhari must stop deceiving himself and short-changing Nigerians, especially States and Local Councils in the country with his Forex Policy.”