The Central Bank of Nigeria (CBN) has set criteria to be met by Other Financial Institutions (OFIs) to qualify for enrollment onto the Credit Risk Management System (CRMS). The Director, Financial Policy and Regulation Department, Mr Chibuzo Efobi said this in a circular posted on the CBN website on Tuesday. The circular has the caption: “Re: Enrolment of Other Financial Institutions (OFIs) on the Credit Risk Management System (CRMS).” It explained that further to the various engagements with all OFls in respect of the above captioned, “our circular dated April 8, 2021 (Ref No. FPRD/DIR/PUB/CIR/01/002) and letter dated April 9,…
Author: Newsdesk
The Nigeria Extractive Industries Transparency Initiative (NEITI) has underscored the need to go beyond global standard prescription to address peculiar gender and environmental issues within Nigeria’s extractive industry. Mr Olusegun Adekunle, Chairman, National Stakeholders’ Working Group (NEITI Board) made this known at its validation workshop on “Development of Frameworks for Gender and Environmental Impacts Reporting in Extractive Industry” on Tuesday in Abuja. In a keynote address, Adekunle said that the frameworks were being developed to reflect the global Extractive Industries Transparency Initiative (EITI) standard. The chairman recalled that in 2020, Nigeria EITI published the first data on gender participation and…
By Justina Auta Minister of Women Affairs, Pauline Tallen, says government has established family courts in 16 states across the country to ensure child-friendly justice for children, either as victims or as offenders of violence. Tallen disclosed this while briefing newsmen on Tuesday in Abuja, ahead of the 2022 National Children’s Day celebration, which has “Strengthening Supportive Systems for the Protection of the Nigerian Child; A Wake Up Call” as its theme. According to her, the establishment of family courts is as a result of the effective and sustained advocacy and sensitisation for effective implementation of the Child Rights Law…
We challenged the fertiliser suppliers and some of the experienced players in the sector to consider setting up fertiliser manufacturing plants in Zambia so we can reduce reliance on the importation of the commodity, especially in light of the Russia – Ukrainian conflict. By Mulenga Banda President Hakainde Hichilema of Zambia has called on suppliers of fertilizers to establish the manufacturing plants in the country. He was speaking on Tuesday at an interactive conference between Zambian National Farmers Union and fertilizer suppliers in Mulungushi. “We were delighted to have been part of the interactive conference between Zambian National Farmers’ Union…
…As IPOB terrorists kill pregnant Harira, her 4 children in Anambra By Fadhlillah Abdallah The Muslim Rights Concern (MURIC) has condemned the killing of a woman from Adamawa, northeast Nigeria along with her four children in Anambra state, Southeast of the country on Sunday, 22nd May, 2022. The proscribed Indigenous People of Biafra (IPOB) terrorists group have been responsible for killing of Nigeria’s security agents, burning of public buildings and confining indigenous traders at home (Sit-At-Home), thereby crippling the economy of the region. Under the guise of self-determination, IPOB, also described as “unknown gunmen” by a section of the media,…
The Nigeria Institute of Soil Science (NISS) says it will distribute 1000 units of soil testing kits to farmers across the six geopolitical zones of the country for efficient fertiliser application. Prof. Victor Chude, the Registrar of the institute disclosed this in an interview on Tuesday in Abuja. Chude said that the measure would help manage soil resources and boost crop production and yields. “Soil testing kit is an innovative and improved field test kit invented for soil analysis as a basis for site specific fertiliser recommendation toward achieving food security.” According to him, the kit contains apparatus that can…
Operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday barricaded the Maitama, Abuja residence of former Imo state governor, Rochas Okorocha. They insisted that Okorocha should submit himself for arrest or honour a long-standing invitation to their office. According to them, none of the members of Okorocha’s family would be allowed to leave the compound until they produced the former governor. The operatives, who were later seen screening people going out and coming into the premises, also warned the mobile policemen attached to Okorocha to withdraw from the residence. Under Hostage? Reacting to ChannelsTV’s inquiry on the attempt…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy Rate (MPR) to 13 per cent. The CBN governor, Godwin Emefiele who briefed reporters on the outcomes of the MPC meeting at the apex bank’s headquarters in Abuja on May 24, 2022. announced this on Tuesday. It is the first time in two and a half years that the policy-setting committee of the nation’s financial regulator would increase the MPR, which measures the interest rate. The MPR is the baseline interest rate in an economy while every other interest rate…
Rivers state governor, Nyesom Wike on Tuesday dissolved the State Executive Council. A statement by the governor’s Special Assistant on Media, Mr Kelvin Ebiri on Tuesday, said governor also sacked Mr Emeka Woke, his Chief of Staff, Emeka Woke and Mr Harold Koko, his Senior Special Assistant, Protocol. All the affected officials were ordered to handover to the most senior officers in their respective ministries. No reason was given for the action, but the statement said the governor commended the commissioners and other officials affected for their services and contributions to the development of the state. Wike wished them the…
A cleric, Venerable Olu Obanla and his son, who were kidnapped along the Ifon-Okeluse Road in Ose local government area of Ondo state on Saturday, have been released, the state Police Command have confirmed. The spokesperson of the command, SP Funmilayo Odunlami, confirmed the release on Tuesday. He said that they were released on Monday around 12.30 p.m somewhere in Edo. “As I am speaking with you, I am in Abuja. But I can confirm to you that the victims had been released since yesterday (Monday) around 12.30 p.m. somewhere in Edo , and they have been reunited with their…