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‘Katsina APC not divided’

‘Katsina APC not divided’

former Chief of Staff to the governor of Katsina State, Alhaji Dikko Radda, has dismissed claims in some quarters that the All Progressives Congress, APC, in President Muhammadu Buhari’s state was factionalised, saying  those aggrieved with the affairs of the party in the state should explore internal ways of resolving them.

Cement stocks: Investment positioning for short to medium term

Cement stocks: Investment positioning for short to medium term

Stocks in the Cement subsector of the Nigerian Stock Exchange, NSE, has been well received by investors for most part of this year especially during the massive bull run of April – July 2017. Cement Company of Northern Nigeria, CCNN, at comparatively low base, has done 84.2 % gains so far this year while Wapco Plc has done 22%, and the Africa’s industry leader, Dangote Cement Plc (DCP), closed last Friday at 18.3%.

ARMY V IPOB: Kogi youths call for caution

ARMY V IPOB: Kogi youths call for caution

The National Youth Council of Nigeria, Kogi State chapter, has called on both the Nigeria Army and the Indigenous People of Biafra, IPOB, to thread with caution to avoid war.

Lagos opens Nigeria’s first DNA forensic laboratory

Lagos opens Nigeria’s first DNA forensic laboratory

THE Lagos State Government has completed the construction of the first ever high-powered DNA Forensic Laboratory in Nigeria, the State’s Attorney General and Commissioner for Justice, Mr Adeniji Kazeem has disclosed.

Bad loans: Microfinance banks less affected than commercial banks — MD Fortis MfB

Bad loans: Microfinance banks less affected than commercial banks — MD Fortis MfB

In the entire banking and finance sub sector, bad debt has been a big problem because the economy has been in recession for five quarters and businesses have been failing. Money has been very scarce especially with the tight monetary policy being implemented by the Central Bank of Nigeria, CBN, in order to control inflation. When you look at tight monetary policy and recession, it can only mean that a lot of loans are going bad, not just in microfinance but it is a bank-wide phenomenon.