Metro

The Central Bank of Nigeria (CBN) has deducted a total of N499,175,535,097 from the accounts of 12 banks under its supervision, over their failure to meet the September 30, 2019 deadline it had stipulated for them to maintain 60 per cent loan-to-deposit (LDR) ratio.

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The joint National Assembly Committee on Finance and National Planning on Thursday submitted its report on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Senate at plenary.

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The Federal Government’s domestic debt outstanding rose by N1.26tn to N13.41tn as of June 2019, over the figure for the corresponding period of 2018.

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The organised labour in Nigeria comprising the Nigeria Labour Congress and the Trade Union Congress have given the Nigerian Government two weeks to implement the new minimum wage of N30, 000 or risk a nationwide industrial action.

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Nigerian President Muhammadu Buhari and his South African counterpart, Cyril Ramaphosa, have issued a joint communique on the former's state visit to the latter and the inaugural session of the elevated BNC between South Africa and Nigeria in Pretoria.

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The need for the development of a vibrant commodities trading ecosystem has again been emphasised in order to diversify the economy away from dependence on crude oil for improved government revenue and foreign exchange earnings.

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The Isolo police division on Wednesday, October 2,2019 rescued seven pregnant young girls who were found stranded at the Cele bus stop along Oshodi-Apapa Express way, Lagos.

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As Federal high court sitting in Lagos south west Nigeria has ordered Keystone Bank Limited to pay a Chinese company Hexing Electrical company damages in the sum of $778,118.72 (N280,122,739.2)  over a breach of cont

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Senator Bala Mohammed, Governor Bauchi State (3rd left); Ifie Sekibo, MD/CEO of Heritage Bank Plc (4th left); Accountant General of the State, Dr Abubaka Saidu;  Commissioner for Agriculture, Samaila Burga; Commissioner for Finance, Nura Manu Soro; Regional Executive, Abuja & North, Heritage Bank, George Oko-Oboh and Commissioner for Special Duties, Turaki Manga, during a business call to the Bauchi State Governor on developmental project partnership with the bank on Wednesday.

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CAPTION: Advertisement Tope Oshunkeye, Head of Marketing, MultiChoice Nigeria and EX-BBNaija Housemate Atteh Daniel Tioluwa “Sir Dee” during the 2019 Nickfest sponsored by DStv held at Federal Palace Hotel, Lagos at the weekend. Photo: ABIODUN OMOTOSHO

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