Tuesday, 20 February 2018
  • Boko Haram jihadists launched an attack on a girls boarding school in northeast Nigeria but the students and teachers fled to safety, witnesses said Monday.

    A convoy of fighters in pickup trucks descended on Dapchi village in the Bursari area of Yobe state around 6 pm (1700 GMT) targeting the sc...

Parliament

  • By Hope Eghagha: A clown in government house By Hope Eghagha: A clown in government house
    When the situation in any home, clan or country becomes extremely precarious or serious or tragic, we need men and women who have the innate or acquired capacity to make us laugh. Sometimes we laugh at ourselves or the situation or the object of scorn. In drama it is called ‘comic relief’. The atmosphere in our dear country right now is grave, very grave and uncertain. Loss of jobs, vanishing millions of naira and dollars, horrible pictures of slavery from…
    Sunday, 31 December 2017 18:40
  • By Lekan Alabi: 16 years after Bola Ige: Elegy for a soul-Uncle By Lekan Alabi: 16 years after Bola Ige: Elegy for a soul-Uncle
    Today, 23rd December, it is 16 years that the late Chief ’Bola Ige, SAN, a former Governor of Old Oyo State and sitting Attorney-General and Minister of Justice of the Federal Republic of Nigeria, was assassinated in his Bodija Estate, Ibadan home that Sunday, 23rd December, 2001. I was press secretary to the late Chief Ige, when he was governor of Oyo State and also the chairman of the Protocol and Publicity Sub-Committee of his Burial Planning Committee. Below is…
    Saturday, 23 December 2017 16:21
  • Nigerian Tribune Editorial:  The rising crude oil prices Nigerian Tribune Editorial: The rising crude oil prices
    LATELY, crude oil prices have rallied steadily, rising above $60 per barrel in November. The increase has been precipitated by three principal factors. First is the production cut by members of the Organisation of Petroleum Exporting Countries (OPEC). The reduction in OPEC members’ output reduced supply to the market with a corresponding increase in prices. Another reason is the ongoing hostilities between Iraq and Kurdistan over the status of the city and region of Kirkuk. The crisis has impeded Iraq…
    Saturday, 23 December 2017 16:03

Markets

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Recent News

  • Six banks meet CBN’s dividend payout rule Business and Economy Six banks meet CBN’s dividend payout rule
    The Central Bank of Nigeria (CBN) circular on dividend payout by commercial banks and discount houses has been analysed based on the performances and balance sheet positions of all lenders. A report released yesterday by Afrinvest West Africa, an investment and research firm, showed that only six banks – Access Bank, First City Monument Bank (FCMB), Guaranty Trust Bank, United Bank for Africa, Wema Bank and Zenith Bank- met the CBN’s minimum requirement for Capital Adequacy Ration (CAR) and Non-Performing Loans. Hence these banks are excluded from the restrictions on dividend payment. The firm explained that many lenders will not be able to pay dividends based on their capital reserves as well as the proportion of Non-Performing Loans (NPLs) in a bid to forestall any threats to customer deposits in the system. On the criteria that require lenders to meet the minimum Capital Adequacy Ratio (CAR) before dividend payout, the research firm said all the banks under its coverage, save for Unity and Union, met the minimum requirement stipulated by the CBN. “For Unity, the current CAR (as at nine month 2017) is unavailable while Union Bank had a CAR of 13.3 per cent (below CBN requirement of 15 per…
    Tuesday, 20 February 2018 01:20
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  • Wigan end Man City quadruple bid with Cup shock Sports Wigan end Man City quadruple bid with Cup shock
    Pep Guardiola’s quest to win an unprecedented quadruple with Manchester City came to a stunning and controversial end when they fell to a 1-0 defeat at third-tier Wigan in the fifth round of the FA Cup on Monday. In an uncanny repeat of the 2013 FA Cup final, in which City had a player sent off before losing to a late Wigan winner, Guardiola’s side had Fabian Delph dismissed amid stormy scenes before Will Grigg’s 79th-minute goal decided the game. A famous night was marred, however, by a post-match pitch invasion by Wigan supporters which saw a number of them confront City players, with striker Sergio Aguero required to defend himself. Earlier the drama had been provided by Northern Ireland international Grigg who capitalised on an error by Kyle Walker who allowed a pass to run through to the Wigan man and kept ahead of John Stones before finishing clinically from just inside the area. It was only City’s second defeat to English opposition since losing an FA Cup semi-final to Arsenal last April while their opponents can now look forward to a quarter-final home tie with Southampton. The pivotal sending-off arrived in first half injury-time when Fabian Delph made…
    Tuesday, 20 February 2018 00:37
    Read 4 times

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