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Why CBN, RMAFC opposed creation of new agency to manage assets

Why CBN, RMAFC opposed creation of new agency to manage assets

THE Central Bank of Nigeria, CBN; Nigerian Deposit Insurance Corporation, NDIC, and Revenue Mobilization, Allocation and Fiscal Commission, RMAFC, yesterday, shunned the establishment of a new agency by the House of Representatives to manage assets that are proceeds of corruption and crime seized or forfeited to the Federal Government.

S’East governors asked  to invest in ranches

S’East governors asked to invest in ranches

SOUTH East governors have been asked to mobilise funds for setting up cattle ranches for interested people in the region to do cattle business, instead of creating cattle colonies that will encourage frequent clashes between invading herdsmen from the North and the Igbos.

3 women sell 2-month-old baby for N300,000

3 women sell 2-month-old baby for N300,000

Three women, including the mother of a two-month-old baby boy, who conspired among themselves to sell the baby for N300,000 without the consent of his father, have been arrested by the Inspector General of Police Monitoring Team, led by ACP Bennet Igwe.

New dividend policy shocks banks as investors lose N100bn in 2 days

New dividend policy shocks banks as investors lose N100bn in 2 days

Investors with  shares in the banking sector on the Nigerian Stock Exchange, NSE have lost over N100.8 billion in two trading days of the week following the directive by the Central Bank of Nigeria, CBN that restricted dividend payments by banks with high Non Performing Loans, NPLs, and low Capital Adequacy Ratio, CAR from paying dividend to their shareholders.

The Zamfara massacre: making sense of nonsense

The Zamfara massacre: making sense of nonsense

Nigerian politicians and elite in various sections of the society have succeeded beyond anything imaginable in the manner they have employed ethnicity as a tool of separation among Nigerians