Mr Sanusi, who was addressing the Nigerian media for the first time since his appointment, categorised the banks into two, with one group having so much liquid which they preferred to invest in the Treasury Bills (TBs) at a mere 3 per cent and the second group of those which lacked liquidity and therefore forced to borrow at very high rates.

Also participating will be basketball stars Kobe Bryant and Magic Johnson; singers Jennifer Hudson, John Mayer and Smokey Robinson; and activists Martin Luther King III and the Rev. Al Sharpton, according to an announcement released on behalf of the Jackson family.

The family of the 74-year-old grandma, Mrs. Lydia Epidi, who was abducted by armed gunmen suspected to be commercial hostage takers, Sunday night, in the sleepy settlement of Tungbo in the Sagbama Local Government Area of Bayelsa State, have been thrown into confusion as her kidnappers are demanding N300 million ransom.

The Nigerian Stock Exchange (NSE), has blamed banks for the current challenges threatening the stability of the country’s financial system.

By  Tony Edike ENUGU—THE Nigeria Security and Civil Defense Corps (NSCDC),  Enugu Command has threatened to shut un-registered Private Guard companies in the state. The Commandant of the corps in Enugu State, Mr. Raimi Adisa, said yesterday that the NSCDC would soon take drastic action against unregistered private guard companies operating in the state. He […]