CBN to increase banks’ loan to deposit ratio to 70%

CBN to increase banks’ loan to deposit ratio to 70%

By Babajide Komolafe The Central Bank of Nigeria will increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020. CBN Deputy Director, Financial Policy & Regulation Department, Mr Hassan Mahmoud, disclosed this while speaking at the 2019 workshop for Finance Correspondents and Business Editors organised by the Nigeria Deposit Insurance Corporation (NDIC) in Yola, […]
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Turkey’s Erdogan says Nobel academy rewarding human rights violations

Turkey’s Erdogan says Nobel academy rewarding human rights violations

Turkish President Tayyip Erdogan accused the Nobel academy on Tuesday of rewarding human rights violations by awarding the prize for literature to Peter Handke, who has been criticized for backing late Serbian leader Slobodan Milosevic. Turkey has said it is joining Albania and Kosovo in boycotting the Nobel awards ceremony to protest the academy’s choice […]

Yahaya blames predecessor for NBS rating on corruption index in the state

Yahaya blames predecessor for NBS rating on corruption index in the state

By David O Royal The governor of Gombe state has blamed the former governor of the state for the recent statistics by Nigerian Bureau of Statistics on corruption index of states which placed Gombe as the second most corrupt state in the country. The governor stated this on Monday at the World Anti-Corruption Day organised […]

Amazon secures top Champions League rights for Germany

Amazon secures top Champions League rights for Germany

Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company said on Tuesday. Amazon said it would be broadcasting Champions League matches on Tuesday evenings from 2021. ALSO READ: Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China “We’re excited […]

9-year-old Japanese boy passes university-level maths exam

9-year-old Japanese boy passes university-level maths exam

The Mathematics Certification Institute of Japan on Tuesday said a 9-year-old boy from the Western Japanese province of Hyogo has passed a university-level maths exam.According to the Kyodo news agency, the institute said Shogo Ando had been studying for the exam for two years and intended to use his mathematical skills for the betterment of […]