Category Archives: News

CBN bars mortgage banks from granting dollar loans to customers

CBN-Mortgage Banks

The Central Bank of Nigeria ( CBN ) has barred Primary Mortgage Banks from granting foreign currency denominated mortgage loans to customers. The apex bank, which released the draft guidelines for the licensing and regulation of Primary Mortgage Banks, said

Third Mainland Bridge safe for motorists –FG


The Federal Government on Sunday confirmed the safety of the Third Mainland Bridge, saying that it did not pose any danger to motorists contrary to the impression created via a social media posting. In a statement made available to our

Dangote refinery’ll reduce fuel imports in West Africa –OPEC


The Organisation of Petroleum Exporting Countries ( OPEC ) has said the refinery being built by Dangote Group is expected to reduce the need for fuel imports in West Africa. OPEC, in the current edition of its World Oil Outlook,

Four suspected Boko Haram members arrested in Edo


The tactical teams of the Edo State Police Command have arrested four suspected Boko Haram members. The command, in a statement by its spokesman, DSP Chidi Nwabuzor, titled, ‘Arrest of suspected Boko Haram members/armed robbers/kidnappers/cultists and recovery of arms and

Police, Lagos task force arrest six traffic robbers


Operatives of the Lagos State Police Command and officers attached to the Lagos State Task Force on Environment and Special Offences (Enforcement) Unit have arrested six suspected traffic robbers in the state. The suspects allegedly robbed motorists, passengers and unsuspecting

Onnoghen removed from NJC membership list


Justice Walter Onnoghen’s name has been removed from the National Judicial Council’s members’ list, preparing the ground for a Justice of the Supreme Court, Justice Bode Rhodes-Vivour, to emerge as the council’s deputy chairman. The altered membership list of the

Woman, husband sell their six-hour-old baby for N850,000


OPERATIVES of the Imo State Police Command have apprehended five members of a child trafficking syndicate who allegedly sold a six-hour-old baby for N850,000 shortly after he was born. The Commissioner of Police in the state, Rabiu Ladodo, who paraded

I killed my wife for saying she would remarry –Suspect


A 30-year-old man, Danjuma Bisalla, has been arrested for allegedly killing his wife, Uwani, for saying that she would remarry if her husband died. Uwani was said to have made the comment while Bisalla was sick. The suspect, who is

I’m Nigerian by birth- says Atiku


The Peoples Democratic Party’s candidate in the February 23 presidential election, Alhaji Atiku Abubakar, has denied the All Progressives Congress’ allegation that he is not eligible to contest because he was not born in Nigeria. Atiku stated this in a

NDLEA intercepts men plotting to traffic cocaine to Saudi Arabia


The Kano State Command of the National Drugs Law Enforcement Agency ( NDLEA ) has rounded up two men in possession of 2.927 kilograms of substances suspected to be cocaine. The suspects, Abdul Abubakar and Ibrahim Mustapha, were nabbed while