Author: Obayomi Abiola Benjamin

The Central Bank of Nigeria has said it will penalise Deposit Money Banks that have liquidity challenges by way of temporary suspension from its lending window. In a circular issued on Wednesday, the apex bank announced a change in its rules of engagement with the banks, spelling out new rules regarding how financial institutions could borrow cash from fellow banks or the CBN to cover their temporary shortfalls or meet their obligations. The regulator declared that any commercial bank that failed to comply with the new directives would be suspended from its window for eight weeks. The circular, dated February…

The General Overseer of Omega Fire Ministries, Apostle Johnson Suleiman has again reaffirmed his call on all Nigerians to defend themselves against any attack by alleged Fulani Herdsmen. In an interview with newsmen in Abuja, Apostle Suleiman said that he was ready to honour the invitation of the Department of State Services (DSS) despite the failure of the service to disclose the reason behind his invitation. He said that he stands by his earlier statement calling on all Nigerians irrespective of religious affiliation to defend themselves against the Fulani herdsmen. Apostle Suleiman was yet to visit the headquarters of the…

The Academic Staff Union of Universities, ASUU, Ladoke Akintola University of Technology, LAUTECH, Ogbomoso chapter, on Monday gave its conditions for ending the ongoing industrial action at the institution. Biodun Olaniran, the Chairman of the union, told journalists in Ogbomoso that meeting the conditions would end the crisis. The News Agency of Nigeria recalls that the management of the institution had announced Friday for re-opening after it had been shut for eight months. But ASUU rejected the resumption date, declaring that it had not called off its industrial action which began on September 19, 2016. Mr. Olaniran stated that while…

Fellow Nigerians, please allow me to say wherever two or more Nigerians are gathered these days the topic of discussion must, naturally, dovetail to our dear President’s state of health and the consequential suggestion that our country is ailing as a result. This controversy didn’t start today. I remember how Governor Peter Ayodele Fayose, the enfant terrible of Ekiti State, raised a horrific alarm, just before the 2015 election that eventually catapulted Major General Buhari back to power. He had screamed to the whole world, indeed to high heavens, that the then APC Presidential candidate, General Muhammadu Buhari, had suffered…

A former Governor of Lagos State, Senator Bola Tinubu, is proposing a harmonisation of Nigeria’s monetary and fiscal policy. The recommendation is in line with efforts to restructure the nation’s economy for the benefit of Nigerians, he said. Mr Tinubu, a chieftain of the All Progressives Congress (APC), made the suggestion on Wednesday at a lecture on strategic leadership at the National Defence College (NDC) in Abuja, the Federal Capital Territory. He called for the realignment of trade policy with a meaningful industrial base supported by a more potent agricultural sector. The former governor of Lagos State advised the Federal…

Our nation is ripe with a multitude of successful people, who have achieved much for themselves with little impact on anyone else” – Fela Durotoye Nigeria is without any reservation, a strategic nation on earth. Let me use the next few lines to explain to you why I am so sure of this particular fact. Nigeria is among the first ten of the world’s most populous nation on earth. According to United Nations Department of Economics and Social Affairs estimates; Nigeria is ranked the 7the most populated country in the world with a population of 183,506,867 as at 7the March, 2015. Aside that, Nigeria is…

Contrary to the news and rumors being spread around, the Kaduna State government has described as untrue the attacks in the southern part of the state is an orchestrated plot against Christians. The state government maintained that the attacks are being carried out by some armed bandits that have been terrorising some states in the northern region. The government also cautioned religious and political leaders to desist from making inflammatory comments that are capable of worsening the crisis in the southern part of the state, where suspected armed bandits have been attacking communities in recent time. The government warned that…

The Sultan of Sokoto, Sa’ad Abubakar (III), has asked religious leaders to speak against killings in the name of religion. The Sultan who was speaking in Abuja, said that bad religious teachings have been responsible for the incessant violence, especially in southern Kaduna. In the last few months, increased clashes between Fulani herdsmen and locals in southern Kaduna, have led to wanton destruction of lives and property. The National Emergency Management Agency in Nigeria (NEMA), has put the number of deaths that have occurred in the region, at 204. Meanwhile, contrary to that report, a Catholic church had earlier said 808…

The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday called for a quick passage of the 2017 budget by the authorities concerned and the need to pursue non-oil driven economy. The CBN Governor, Mr. Godwin Emefiele, who stated these while briefing journalists at the end of a two-day meeting held at the apex bank’s headquarters in Abuja, said they would go a long way in stimulating aggregate demand and restoring confidence in the economy Emefiele said the committee was of the view that given the thrust of the 2017 budget and the accompanying sectoral policies, output growth…

The Imo state government has taken delivery of the first air craft to kick start the first state owned commercial airline named Imo Air. During the official launch of the new airline at the Sam Mbakwe International Cargo airport in Owerri, the Imo state capital, the Governor, Mr Rochas Okorocha said the investment by the state government is to boost its economic activities. He also believes that it would increase the state’s Internally Generated Revenue, as well as generate employment opportunities for its teaming unemployed youths. The Governor noted that it has been his dream and sincere desire to position…