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CBN reduces banks’ LDR to 50%

The Central Bank of Nigeria has announced a review of the loan-to-deposit ratio (LDR) for banks, from 65 percent to 50 percent to align with the current monetary tightening. LDR is used to assess a bank’s liquidity by comparing its…

NPA to secure $700 million loan from Citibank to revamp Apapa, Tincan ports

The Nigerian Ports Authority (NPA) is set to receive a $700 million loan from Citibank, which is to be funded by the UK Export Finance (UKEF). The fund is meant to revamp the Apapa and Tincan Island ports in Lagos…

EFCC siege: Abuja, Kogi courts issue counter orders over Yahaya Bello

   A federal high court in Abuja has issued an arrest warrant against Yahaya Bello, a former governor of Kogi state. Emeka Nwite, the presiding judge, granted the arrest warrant to the Economic and Financial Crimes Commission (EFCC) on Wednesday….

NPA introduces 72-hour access window for export trucks to avert congestion

The Nigerian Ports Authority (NPA) says it has opened a 72-hour access window for all export trucks to access designated terminals. The NPA made this known in a notice to stakeholders dated April 16, titled ‘Important Update: Revised Access Window…

Judge threatens to adjourn Kanu’s trial indefinitely

Binta Nyako, judge of a federal high court, in Abuja, has threatened to adjourn indefinitely, the trial of Nnamdi Kanu, the detained leader of the proscribed Indigenous People of Biafra (IPOB). Nyako, at the court session on Wednesday, faulted Kanu…

FULL LIST: Burna Boy makes TIME’s 100 Most Influential People of 2024

Nigerian sensational singer, Damini Ogulu, popularly called Burna Boy, has been included in Time Magazine’s 100 Most Influential People of 2024. The Time Magazine’s 100 Most Influential People recognition honours individuals who have made a significant impact on the world…

Tinubu directs inclusion of NOUN graduates in NYSC scheme, law school

President Bola Tinubu has ordered the ministry of education to include graduates of the National Open University (NOUN) in the National Youth Service Corps (NYSC) scheme. The president gave the directive during his presentation at the varsity’s 13th convocation ceremony…

Breaking: Governor Adeleke Assents to Bill Creating New Logo for Osun State

• Says Osun is Witnessing Rebirth ● House Speaker, Adewale Egbedun Applauds New Logo Governor Ademola Adeleke of Osun state has assented to a bill adopting a new logo for Osun state, describing the new symbol as a signal of…

News

Kano Governor Flags Off 3 Million Tree Planting Programme

Kano State governor, Abba Kabir Yusuf, has flagged off the planting of three million trees across the 44 local government areas of the state in collaboration with the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL). In a ceremonial event on Sunday,…

Feature

National Grid Fully Restored, Says TCN

The national grid has been restored hours after it collapsed and plunged some parts of the country into darkness, the Transmission Company of Nigeria (TCN) said. “The Transmission Company of Nigeria (TCN) announces the full restoration of the national grid…