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 […]

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.

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.

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).

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.

Shareholders of quoted companies, yesterday, advocated for backward integration process to be imbibed by the manufacturing companies in order to overcome the current scarcity of foreign exchange, forex in the country .

In the report titled ‘Banks bad loans rise above CBN limit’, the report which was attributed to Bloomberg, the global rating agency, also quoted Mr Emefiele’s statement in which he tried to re-assure Nigerians and the international community that all is well. According to the CBN Governor: “The Nigerian financial system remains stable and resilient in spite of prevailing macroeconomic challenges.”

The Institute of Chartered Accountants of Nigeria (ICAN) Political Ambassador, Hon. Odeneye Olusegun, has urged the Federal Government to introduce interest free loan scheme in microfinance scheme for young graduates who are into vocations through the establishment of Graduate Internship Scheme (GIS) .

Niger Delta Avengers, NDA, yesterday, served a fresh warning to the Federal Government that it would resume bombing of oil facilities if government made any further mistake to enter into negotiation with selfish leaders in the region that represented themselves instead of the interest of the people.

UGHELLI—A female suspect, have been arrested by the Army at Ughelli, Delta State, for allegedly sending a threat text message to an officer attached to 3 Battalion, Effurun.

LAWYERS and major stakeholders were divided, yesterday, over the position of the Nigerian Bar Association, NBA, that the judges, whose homes were raided by the Department of State Services, DSS, and arrested for alleged graft should step down until their innocence is proven.

Osun State House of Assembly has lauded the Governors of Osun and Oyo states, Rauf Aregbesola and Abiola Ajimobi for the peaceful resolution of the recent controversy about ownership and management of the Ladoke Akintola University of Technology.

The Central Bank of Nigeria, CBN, in conjunction with Heritage Bank Plc has commenced the process for the disbursement of N774 million to 310 young entrepreneurs under the Youth Entrepreneurship Development Programme, YEDP, so as to help address the rising unemployment situation in the country, empower the youths and reactivate the economy.

ONE cannot be certain whether Nigerians should celebrate or decry the recent decision by the Central Bank to reduce the existing annual limit from $150,000 to $50,000, per person on usage of Naira/dollar debit cards abroad.

The Movement for the Actualisation of the Sovereign State of Biafra, MASSOB, yesterday, revealed that it has completed rituals involved in the invocation of the late Biafran warlord, Chief Dim Chukwuemeka Odumegwu Ojukwu’s spirit to haunt all political, religious and traditional leaders in the South-East geopolitical zone for failing to demand Federal Government’s intervention on the decay of infrastructure in the region.