Breaking News in Nigeria Today Friday 28th February 2020
Here are some of the Breaking News in Nigeria Today Friday 28th February 2020 on some of the nation newspapers .
Read also
Echoes of restructuring at FreedomOnline lecture
Despite political affiliations and interests, eminent Nigerians from different spectrum gathered in Lagos onTuesday to proffer solutions to the Nigeria project. WALE ELEGBEDE reports One of the most contentious issues in the nation’s polity at the moment, restructuring, came to the fore again this week, when eminent Nigerians from all divides converged on Lagos to deliberate on how to unbundle power from the centre and make states more responsible and productive. Expectedly, the speakers agreed on the vastness and solidity of the country as well as affirmed Nigeria’s…
Ogoni: Reps, NNPC rekindle hope for clean-up
The House of Representatives recently engaged the Nigerian National Petroleum Corporation (NNPC) to advance the cause for the continuation and completion of the clean-up of the oil spill in Ogoniland. PHILIP NYAM reports on the interaction The administration of late President Umaru Musa Yar’Adua, in 2008 invited the United Nations Environmental Programme (UNEP) to undertake an environmental impact assessment of oil exploitation in Ogoniland. The government’s decision to engage UNEP was in response to claims by Ogoni people that Shell, the Anglo-Dutch oil company, which had been extracting…
Lagos confirms first case of coronavirus in Nigeria
*Italian national is index case The Lagos State Ministry of Health has confirmed the first case of coronavirus (COVID-19) in Nigeria.The state’s Commissioner for Health, Prof. Akin Abayomi, in a statement released around 1.40am on Friday, said the state government had reported it to the Federal Ministry of Health.“The case, which was confirmed on the 27th of February 2020, is the first case to be reported in Nigeria since the outbreak in China in January 2020.“The case is an Italian citizen who entered Nigeria on the 25th of February from Milan,…
Nigeria sliding into bankruptcy – PDP
…says country groaning under insurgency The Peoples Democratic Party (PDP) said Nigeria is sliding into bankruptcy, blaming it on multiple taxation imposed on the people by the All Progressives Congress (APC)-led Federal Government. PDP National Chairman, Prince Uche Secondus, who addressed the 89th National Executive Committee (NEC) meeting of the party, also regretted that Boko Haram insurgency has fully returned to the country. Secondus said Nigeria is still at the crossroads due to the inept leadership of the ruling APC government, noting that the security situation in the country…
SEC’s reforms to boost ease of doing business
The Securities and Exchange Commission, SEC, has embarked on a number of initiatives to address time to market and promote ease of doing business. This was stated by the Acting Executive Commissioner Operations, Mr. Isyaku Tilde, during a meeting with issuers in Lagos, Thursday. He stated that the aim of the engagement was to obtain the view of the issues on transaction costs and time to market to aid the commission in understanding what steps to take to improve the process, adding that the commission was looking to automate its…
Senate probes differences in deposit, lending rates by banks
The Senate, yesterday, mandated its Committees on Finance, Banking, Insurance and other Financial Institutions and Legislative Compliance, to investigate the rationale behind the huge differences between deposit and lending interest rates among commercial banks and other financial institutions. The Senate passed the resolution sequel to a motion, “Urgent need to reduce the gap between lending interest rate and deposit interest rate among commercial banks and other financial institutions.” The sponsor of the motion, Senator Solomon Adeola (APC, Lagos West), while leading debate on the proposal, lamented that there was a…
IFC, Union Bank to support Nigerian SMEs, others
The international Finance Corporation (IFC), a member of the World Bank Group, yesterday announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to Small and Medium Enterprises (SMEs) in Nigeria. The facility, which will cover as much as 50 per cent of the risk of the bank’s loans to entrepreneurs, aims to help Nigerian businesses grow and create jobs. With IFC’s support, Union Bank plans to offer more products and services to women-owned businesses, especially in Nigeria’s conflict-affected Northern and Delta regions, where entrepreneurs…
Analysts attribute Q4’19 growth to CBN’s policies
As reactions continue to trail the Q4’19 Gross Domestic Product (GDP) report released by the National Bureau of Statistics (NBS) on Monday, analysts at Financial Derivatives Company Ltd (FDC) have attributed the growth recorded by the Nigerian economy, during the period, to Central Bank of Nigeria’s (CBN) measures to boost lending to the private sector, especially the apex bank’s Loan to Deposit Ratio (LDR) policy. According to the NBS data, Nigeria’s GDP grew by 0.27per cent to 2.55per cent in Q4’19, the fastest pace of growth since Q4’15. The report…
*-with-policeman/ Lover dies during s** with policeman
A lady has reportedly died during s** with a policeman at Atayese Street, Bawa Estate, Ado-Ekiti, Ekiti State. Residents said the incident occurred on Wednesday night inside the lady’s room. The yet-to-be-identified policeman has been arrested by the police. The suspect, who was a lover to the deceased, was said to have visited Ekiti State from Lagos, where he works. The state Police Public Relations Officer (PPRO), Mr. Sunday Abutu, said one of the neighbours to the lady reported the case at the Oke-Ila Divisional Police Station in Ado-Ekiti. He said:…
Ex-banker jailed 18 years for fraud
Justice D.V. Agishi of Federal High Court, Enugu, yesterday sentenced a former Relationship Manager with a bank in Enugu, Onyekachi Nwosu, to 18 years imprisonment on a six-amended-count charge. The charges border on forgery, altering and giving a loan with defective collateral brought against him by the Enugu Zonal Office of the Economic and Financial Crimes Commission (EFCC). Agishi, in her judgement, ruled that the prosecution team led by Mashal Umukoro Onome Esq., proved its case beyond reasonable doubt and that the convict had failed to extricate himself from the…
Read also
You can also check
