David Adonri, Managing Director/CEO, Highcap Securities Limited, spoke of the impact of the loan provision by the banks and said it would position them to deliver better and sustainable profit and improved returns to shareholders.

THE interbank money market will, this week, receive liquidity boost of N193 billion from maturing treasury bills prompting further decline in cost of funds.
Last week, the market was gripped with intense scarcity of funds, which caused cost of short term funds to rise above 100 per cent in the first half of the week, before dropping below 15 per cent in response to inflows from matured treasury bills (TBs) and statutory allocation funds.

I believe Nigeria should be restructured, and I’m talking about political restructuring here. Restructuring has become imperative in Nigeria. We must do that in order to remain one united country. The problem is that the federalism that Nigerian leaders used in getting the independence, that formed the constitution, which the governments at different levels were using to operate after independence was dropped.

Last week’s meeting of President Muhammadu Buhari with the leadership of opposition Peoples Democratic Party, PDP, has opened a new vista in Nigeria’s democracy, Deputy National chairman, All Progressives Congress (APC, North), Senator Lawal Shuaibu, has said.

THE Olubadan of Ibadanland, Oba Saliu Adetunji and former Governor of Oyo State, Senator Rashidi Ladoja, who is a member of Olubadan-in-Council yesterday boycotted the coronation ceremony of 21 new kings installed by Governor Abiola Ajimobi.