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Banks’ credit to economy up 2.2 % to N61.2trn

As currency in circulation hits N3.2trn Inflation diminishes borrowers’ repayment capacity – Moody’s By Elizabeth Adegbesan Commercial banks’ credit to the economy rose by 2.17 percent to N61.2 trillion in August from N59.9 trillion in July, even as currency-in-circulation, CiC, increased by 0.9 percent to N3.24 trillion in August,  from N3.21 trillion in July.   Findings from […]

Unabating attacks: Shimfida, Katsina community, still unsafe

It was their earnest desire to return home after spending some years in hurriedly provided make-shift camps. And, based on that desire, the Katsina State Government, on August 8, 2022, acquiesced to their demand and released natives of Shemfida community from their camps and asked them to have their wish: return to their ancestral homes in Jiba Local Government Area of the state. Shimfida, it will be recalled, was one of the communities in the state, which had earlier in the year, been invaded by rampaging bandits and terrorists who ransacked homes, took away all valuables and kidnapped many men, women and chidren, forcing the frightened remnants, to flee for dear lives.

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