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The total loans granted by Nigerian banks to the private sector declined by N600.60 billion, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter of 2018.A report by the National Bureau of Statistics (NBS) on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018), recently released, revealed that credit to the private sector declined for six consecutive quarters.A breakdown of the total N63.27 trillion credit provided in 2017 by banks to finance activities of the private sector shows that N16 trillion was provided in the first quarter.The…
Australian Treasurer Scott Morrison will become Australia’s new prime minister after winning a Liberal party leadership vote, ending an internecine battle that has scarred the conservative government ahead of an election due by May 2019.Morrison, who will be Australia’s sixth prime minister in less than 10 years, emerged victorious from a three-way race with former home affairs minister Peter Dutton and Foreign Minister Julie Bishop.Incumbent Prime Minister Malcolm Turnbull, who called the leadership meeting after losing the majority support of the party, opted not to contest the vote.The Liberal party is the senior partner in the ruling conservative coalition. The…
Friday, 24 August 2018 05:07

Trump and Sessions spar as Trump rages

Attorney General Jeff Sessions punched back hard at President Donald Trump’s latest sneering criticism Thursday as their long-running rift exploded into a public smackdown. Trump, concerned by the legal downfall of two former advisers, accused Sessions of failing to take control of the Justice Department, leading Sessions to declare that he and his department “will not be improperly influenced by political considerations.”Trump’s anger with Sessions boiled over in an interview with Fox News in which the president also expressed frustration with the plea agreement his onetime legal “fixer” Michael Cohen cut with prosecutors, including implicating Trump in a crime that…
Thousands of North Korean “soldier-builders” in olive green uniforms and bright red hardhats are doing everything from digging ditches to putting up walls on multistory apartment blocks and government buildings in this northern city near the Chinese border. Samjiyon is one of the main focuses of a massive nationwide construction campaign ahead of North Korea’s 70th anniversary in what leader Kim Jong Un has described as a symbolic battle against anyone who would oppose his country.The Sept. 9 anniversary is shaping up to be the biggest event since Kim assumed power in late 2011. Along with huge rallies in Pyongyang…
President Donald Trump’s tariff policies reflect a serious misunderstanding of the importance of free trade and Japanese companies’ contributions to the U.S. economy, Japan’s trade minister said.Hiroshige Seko, the minister of economy, trade and industry, warned in an interview that Tokyo might take action if the U.S. fulfills threats to levy a 25 percent tariff on Japanese auto imports. He gave no details but didn’t rule out retaliatory tariffs.“Japanese automakers are a major contributor to the American economy,” Seko said in the interview Thursday at his ministry office in Tokyo. “If the Japanese auto industry is weakened, it will not…
Russian trolls and social media bots use tactics similar to those employed during the 2016 presidential election to spread misinformation about vaccines, research has revealed.An examination of over 1,793,690 tweets posted between July 2014 and September 2017 revealed that a handful of accounts which have since been identified as Russian trolls who meddled in the U.S. election, as well as malware and marketing bots, spread false information about vaccines.“Health communications have become ‘weaponized’: public health issues, such as vaccination, are included in attempts to spread misinformation and disinformation by foreign powers,” wrote the authors of the study published in the…
Senate President Bukola Saraki on Wednesday boasted that the opposition Peoples Democratic Party (PDP) will win the 2019 presidential elections.Mr Saraki said this in Ilorin at a meeting with PDP members who came from the 16 local government areas of the state.He also expressed his confidence that his new party would emerge victorious in all the local government areas of Kwara State.Mr Saraki said that the victory of PDP at both federal and state levels would be beneficial to all the members in the state.The Senate President said that the future of PDP was now brighter than it used to…
Thursday, 23 August 2018 06:09

Why Saraki is afraid of reconvening - APC

The ruling All Progressives Congress (APC) has said the Senate President Bukola Saraki has refused to reconvene National Assembly because he is afraid of impeachment.The APC Acting National Publicity Secretary, Mr Yekini Nabena, in an interview yesterday, said the Senator knew that the party had the two-third majority needed to impeach him. Nabena said Saraki was just buying time thinking that the party would negotiate with him, advising the Senate President to reconvene National Assembly in the interest of the country.When asked whether the APC was still insisting that National Assembly should reconvene to consider INEC Budget, virements from Mr…
The national body of Miyetti Allah Cattle Breeders Association has dissociated itself from threatening comments by its state coordinator for Benue.In an interview with Punch, the coordinator of the association in Benue State, Garus Gololo, had warned the Senate president, Bukola Saraki, to resign or be forced to do so.“It is on this note that we are saying that Saraki ought not to be in office again as Senate President, more so, Saraki has failed to coordinate and organise the National Assembly to offer quality legislation that Nigerians need,” he was quoted as saying.“Nigerians are in dire need of people…
The Peoples Democratic Party (PDP) has given President Muhammadu Buhari a 24-hour ultimatum to arrest leaders of Miyetti Allah Cattle Breeders Association (MACBAN).The ultimatum follows a threat by the Benue State coordinator of the group, Garius Gololo.Mr Gololo had on Tuesday warned the Senate President, Bukola Saraki, to resign or be forced to do so.“It is on this note that we are saying that Saraki ought not to be in office again as Senate President, more so, Saraki has failed to coordinate and organise the National Assembly to offer quality legislation that Nigerians need ” he was quoted by the…
November 26, 2024

CBN extends deadline for BDCs to recapitalise

The Central Bank of Nigeria (CBN) has granted a six-month extension to Bureau De Change…
November 26, 2024

Tinubu’s nepotism worse than Buhari’s, Senator says

Enyinnaya Abaribe, senator representing Abia South, has stated that Nigeria would have been in a…
November 24, 2024

Older adults opened up about things they ‘took for granted’ in their 20s and 30s

Last month, we wrote a post where older adults from the BuzzFeed Community shared things…
November 16, 2024

Influencer eats pig feed in extreme attempt to save money

Popular Douyin streamer Kong Yufeng recently sparked controversy in China by eating pig feed on…
November 26, 2024

Fighter jet brought to combat bandits who invaded Benue communities, killed 30, official says

At least 30 people have been killed in several communities across two Local Government Areas…
November 26, 2024

What to know after Day 1006 of Russia-Ukraine war

WESTERN PERSPECTIVE Russian drones, missiles attack Ukraine's east, south and capital Russian missiles damaged residential…
November 26, 2024

WhatsApp just introduced major new upgrade that overhauls messaging

I love WhatsApp but I’ve never been fond of voice messages, leaving them or retrieving…
October 27, 2024

Nigeria awarded 3-0 win over Libya after airport fiasco

Nigeria have been awarded a 3-0 victory over Libya, and three vital points, from their…

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