Pressure on banks over consumer loans money market

CBN By Elizabeth Adegbesan A Central Bank of Nigeria, CBN, Survey Report has shown that banks experienced higher loan default rates on credit cards and overdrafts/ personal lending to household in the third quarter of the year (Q3’20). The survey also noted that lenders expect to tighten the conditions for which loans are given to … Read more

FG rejects proposal to repair scanners at cost of N753m

•Customs Agents petition Presidency By Godfrey Bivbere There is an indication that the five faulty scanners at the Apapa ports have been abandoned as the Federal Government rejects proposal to repair them at a cost of N753 million. This development, Vanguard Maritime Report learnt, comes at the backdrop of the move by the government to … Read more

#EndSARS: NPA raises suspicion, commences investigations into HQ attack

NPA Marina Hoodlums ravaged MD’s office, took 2 vehicles By Godwin Oritse with agency report THERE are indications that  the invasion and subsequent vandalism and setting ablaze of the Corporate Head office of the Nigerian Ports Authority, NPA, last week has been viewed by the management of the agency as a sabotage from within. Even … Read more

Nigeria received $26.9bn foreign support in 6 yrs — Minister

Mr Clement Agba, the Minister of State for Budget and National Planning, says Nigeria has received $26.94 billion Development Assistance funds from International Donors between 2015 and 2020. Agba made this known on Tuesday in Abuja while briefing House of Representatives Committee on Civil Society and Development Partners on Donor Funds Receipts, Transfers and Disbursement … Read more

PIB: FG to add strategic reserves’ financing cost to fuel price

…hike in fuel, kerosene, diesel prices imminent  By Michael Eboh The Federal Government is proposing the addition of the costs of managing the national strategic stocks of petroleum products to the retail price of the commodities. The proposal, which is included in the 2020 Petroleum Industry Bill, PIB, currently before the National Assembly, might lead … Read more

ECONOMY LOSSES PUT AT N1.5TRN: It may take 8 years to recover from mayhem — Economists

OLYMPUS DIGITAL CAMERA …Massive job cuts loom as victims count cost …Hard times await uninsured businesses …How unrest will negatively affect Nigeria as investment destination By Tunde Oso Business owners may have begun to count their losses after the mayhem that visited Nigeria last week even as economists warned that losses to the economy, still … Read more

BREAK-UP: US council’s doomsday prediction looms

A map of Nigeria It can be averted – Ikokwu, Odumakin, Ameh, Uwazurike •Most Nigerians ‘re not interested in disintegration – Fayemi By Clifford Ndujihe, Politics Editor   FIVE years after it failed to materialise, there are fresh fears that Nigeria’s break-up prediction of the United States National Intelligence Council, NIC, may still happen. In … Read more

Cameroon: Business magnets pressure government to reduce taxes

Businessmen in Cameroon have urged the Government to reduce the amount of taxes levied on their businesses as part of the moves to ameliorate the business climate in the country badly affected by the Coronavirus pandemic. They expressed the desire this Thursday October 22 at the 11th session of the Cameroon Business Forum that took … Read more

Lesson notes: Plant movement

This short lesson notes is all about plant movement, that it, plant coordination and control. Plants need some internal coordination if growth and development is to proceed in an orderly manner with suitable response to their environment. However, plants do not posses a nervous system and rely entirely on chemical cooordination.As a result, their responses … Read more

Specter of post-election crisis resurfacing in Guinea

Guinea’s manin opposition leader, Cellou Dalein Diallo, as one might expect, declared himself the winner of the October 18 presidential election; but the strategy of the candidate of the UFDG gives rise to fear of bloody clashes if the CENI takes the opposite course.Let it be taken for granted, the risk of unrest is very … Read more

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