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BusinessBank Borrowings  From CBN Skyrocketed To N2.3trillon In April by teeshet(op): 8:04pm On Sep 23, 2021
Nigerian banks borrowings from the CBN Standing Lending Facility (SLF) skyrocketed (YoY) by 737% to N2.3 trillion in April 2021 from N274.65 billion in April 2020.

This is according to the CBN latest Monthly Economic Report for April 2021.

As a result of this jump, CBN profits from the SLF increased by a massive 381%  over the period, to N1.33 billion from N270 million in April 2020.  However, during the review period, banking system liquidity fell by 67%, from N440.78 billion in April 2020 to N146 billion in April 2021.

What the report is saying 
According to the reports,  “Activities at the standing facility windows showed a predominance of the lending window over the deposit window with applicable rates for the SLF and SDF at 12.5% and 4.5% respectively. 

“The recourse to standing facility resulted in a net lending of  N2.18 trillion, due to tight liquidity in the banking system. 

“Total request for the SLF in April 2021 was  N2.3 trillion (made up of  N1.5 trillion direct SLF and N759.06 billion intra-day lending facility converted to overnight repo).  

“Daily request averaged  N135.45 billion in the 17 transaction days with total interest earned at  N1.33 billion. 

“Total SDF granted, during the review period, was  N118.94 billion with daily average of  N7.00 billion in the 17 transaction days. Cost incurred on SDF in the review month stood at  N0.23 billion.”

On the issue of liquidity, the report stated that: “Banking system liquidity took a downward turn and caused an upsurge in money market rates in the review month. The decline in the banking system liquidity was as a result of provisioning and settlement of foreign exchange and CBN bills purchases, as well as Cash Reserve Requirements (CRR) debits. “Nevertheless, repayment of matured securities and fiscal disbursements to the three tiers of government moderated the liquidity condition in the banking system. 

“Consequently, the average net industry liquidity position in April 2021 declined by 43.3% to  N146.59 billion, compared with the  N258.71 billion recorded in the preceding month.”


https://nairametrics.com/2021/09/23/bank-borrowings -from-cbn-skyrocketed-to-n2-3trillon-in-april-a-whopping-727-jump/
PoliticsRe: Buhari Seeks Removal Of Finance And Petroleum Ministries From Agencies’ Board by teeshet(op): 11:44am On Sep 22, 2021
Welcome development
PoliticsBuhari Seeks Removal Of Finance And Petroleum Ministries From Agencies’ Board by teeshet(op): 7:03am On Sep 22, 2021
Buhari said the inclusion of the Ministries of Finance and Petroleum in the board of the two agencies may bring some complications in some decision making especially on issues of staff related matters.

“They already have constitutional responsibilities of either supervision or inter-governmental relations.

“They can continue to perform such roles without being in the board. It is also important to note that administratively, the representatives of the ministries in the board will be Directors, being the same rank with the Directors in the institution.

“This may bring some complications in some decision making especially on issues of staff related matters,” Buhari said.

Buhari also sought the lawmakers’ approval to exempt Executive Directors of Nigerian Midstream and Downstream Petroleum Regulatory Authority from being subjected to Senate confirmation process.

He said the PIA “has made provision for 7 Departmental Heads in the Authority to be known as Executive Directors.

Their appointment will also be subject to Senate confirmation.

This category of Officers are civil servants and not political appointees.

“The Senate is invited to note the need to exempt serving public officers from the established confirmation process for political appointments. This will ensure effective management of the regulatory institutions through uniform implementation of public service rules for employees of the Authority. In the future, these positions will obviously be filled by the workers in the Authority.”

https://dailytrust.com/buhari-seeks-removal-of-finance-and-petroleum-ministries-from-agencies-board
PoliticsSenate Proposes Life Jail For Kidnappers by teeshet(op): 10:29pm On Sep 21, 2021
*Mulls 30 years imprisonment for ransom collectors

The Senate Tuesday moved against rampant cases of kidnapping in parts of the country as a bill proposing life imprisonment for the offence of kidnapping or any form of abduction, wrongful restraint and confinement passed second reading at the Red Chamber.

This is just as the Senate while passing a bill for the establishment of Nationwide Emergency Communications Service also referred President Muhammadu Buhari’s $4.05 billion loan request to its Committee on Local and Foreign Debts.

The anti-kidnapping bill sponsored by former governor of Ogun state, Senator Ibikunle Amosun, seeks to, among others, introduce stiffer punishments and punitive measures to combat and prevent kidnapping in Nigeria.

Leading debate on the bill, Senator Amosun observed that kidnapping is a major security challenge confronting Nigeria in recent times adding that the light punishment for the offence has continued to make it grow and assume horrendous dimensions with a negative impact on the economy.

According to him: “The impact of kidnapping on both economic and daily life has been devastating. For many Nigerians, kidnapping is far more devastating than the carnage of Boko Haram in the Northeast, or the carnage in the middle belt over land, pasture and water use between farmers and herders.

“In the rich oil South-south, kidnapping is often seen as a manifestation of the insurrection over how oil revenue is distributed.

“Overtime, the pool of potential victims has shockingly been expanded. No, most victims are often poor villagers, sometimes kidnapped indiscriminately, a departure from the targeted kidnapping of wealthy people. They struggle to pay ransoms because of their relative poverty; and this has resulted into many victims being killed in the process”.

The ranking Senator lamented that, “Nigeria has one of the rates of kidnaps for ransom of both locals and foreigners in all of Africa.”

He added, “while the insurgents in the North East now thrive on the proceeds of kidnappings, criminal elements in the South East and South West are also having a field day. Infact, kidnapping has now become a big and lucrative business.”

Flaunting recent statistics released by Neil Young Associates International – a specialist crisis prevention and response consultancy group – the legislator noted that Nigeria accounted for 26 percent of kidnapping and ransom incidents globally.

Similarly, Amosun quoted an online report of July 13, 2021, which stated that an average of 13 persons were abducted daily in Nigeria in the first half of 2021, bringing to 2,371 the number of reported persons kidnapped in the country within the first six months of the year.

He bemoaned the worrisome development, warning that the trend has the potential of negatively affecting Nigeria’s Foreign Direct Investment.

The federal lawmaker stated that the bill, therefore, seeks to introduce stiffer punishment for the offence of abduction, wrongful restraint and confinement for ransom.

His words: “This bill also provides more punitive measures for ancillary crimes flowing from the commission of the crime of abduction, like death or grievous harm. To achieve the deterrent effect, life imprisonments is proposed for the offence of kidnapping, particularly where death results from the act.

“The law is made stricter by ensuring that recipients of any proceeds of the act of kidnapping are heavily sanctioned with term of imprisonment of up to 30 years”.

The bill, according to him, also proposes to give the Inspector General of Police wider powers to enable adequate policing of the crime of kidnapping.

The Senate President, Ahmad Lawan, thereafter referred the bill after it was exhaustively debated, to the Senate Committee on Judiciary, Human Rights and Legal Matters headed by Senator Opeyemi Bamidele and has four weeks to report back to the upper chamber.
https://www.thisdaylive.com/index.php/2021/09/21/senate-proposes-life-jail-for-kidnappers/

PoliticsMasari On VAT: Northern States Responsible For Lagos, Rivers Development by teeshet(op): 12:08pm On Sep 19, 2021
Katsina State Governor Aminu Bello Masari has spoken against the collection of Value Added Tax (VAT) by states, saying the North contributes to the economic development of Lagos and Rivers.

Speaking exclusively with Daily Trust , Mr Masari described the agitation over tax collection as a joke.

“What is Lagos without the rest of Nigeria? The market Lagos is boasting of is dependent on the larger part of the country.

Benin Republic has a port, Togo has a port; do they have the population to back up the ports? Without us providing the demand part, what will be Lagos?” Mr Masari said.

Mr Masari told the media outlet that both Rivers and Lagos were reliant on population from other parts of the country to sustain their economy, adding that states benefited from each other in the revenue equation.

“VAT serves them and us. We provide the bulk of the market because without the rest of the states what is Lagos or Port Harcourt?” Mr Masari said.

According to him, “Any state that thinks it can survive in isolation is joking. We provide the demand that makes Lagos what it is.”

Mr Masari did not speak on how northern states benefit from alcohol taxes generated from southern states while Sharia-backed state police in the north continue to confiscate and destroy alcoholic beverages that cross state lines.

On Thursday, southern governors acknowledged the power of the states to collect the consumer-based tax following the landmark judgement of the Rivers division of the Federal High Court.

The court held that the FIRS had no constitutional backing to collect taxes in the state and granted the power to collect the consumption tax to the Rivers government.

The revenue collection body had asked companies to ignore the court ruling and appealed the judgement, but Rivers and Lagos have ordered the enforcement of their Value Added Tax Law 2021.
https://gazettengr.com/northern-states-responsible-for-lagos-rivers-economic-development-masari/

PoliticsKano Anti Graft Agency Seizes 2 Trucks Of Poisonous Maize by teeshet(op): 7:05pm On Sep 17, 2021
Kano State Public Complaint and Anti Corruption Commission (PCACC), said it has seized two trucks of maize suspected to be contaminated with mycotoxins at Dawanau grain market in Kano metropolis.

The Acting Chairman of the Commission, Mr Mahmoud Balarabe , stated this at a press conference on Friday in Kano.

Balarabe said the Commission had also sealed a warehouse stocked with suspected poisonous maize at the market and arrested two persons in connection with the circulation of the harmful grain.

He said the Commission received an intelligence report on Sept. 16, at about 8:00 pm that some unknown persons supplied poisonous and expired maize to the market.

“Dawanau is the largest in grain market in West Africa, we don’ t know where the grain will go.

“We mobilised our operation department to intercept the trucks conveying the grain.
“We also sealed a store where the toxic and expired maize kept at Dawanau market,” he said.

According to him, preliminary analysis showes that the expired maize is black in color, adding that each bag is about 90 per cent toxic and only 10 per cent non-poisonous.

He said that the maize was being supplied to a company where it would be processed for human consumption.

Balarabe said that Commission would meet with leadership of the traders association in the market while investigation into the case continued.

He reiterated the comitment of the Commission to check circulation of unwholesome farm produce and
substandard products in the state.

The Chairman urged the people of the state to provide credible information to the Commission and other security agencies on unwholesome products and activities to protect public health.

One of the suspect , Musa Ibrahim, said the intercepted grain belonged to his friend, one Adamu Maigari who has been in the grain trade for the past 15 years.


https://m.guardian.ng/news/kano-anti-graft-agency-seizes-2-trucks-of-poisonous-maize/
Politics2023 Presidency: Who Will Go For Us? By Fredrick Nwabufo by teeshet(op): 4:23pm On Sep 17, 2021
Corrective leadership. Nigeria needs corrective leadership in 2023. No government has it all figured out. While a
government may perform superlatively on infrastructure development, it could be a spectacular wreck on security and managing diversity. Progressive leadership is corrective leadership. It is expected that every succeeding administration should surgically address the malignant afflictions and infecundity of the preceding government.

Insecurity and corruption were staples under the former administration. The Buhari administration rode on a messianic chariot to revise these malefactions. But these problems are still much alive today. In fact, they have been compounded by mass disaffection and ethnic tensions.

Nevertheless, the government has raked in some significant dividends in infrastructure development and in whittling down brazen corruption.

So, for Nigeria to make progress, succeeding governments must be corrective where there are performance cavities and consolidatory where there are winnings. A government may not be all egregious – if we look through uninvolved bifocals.

Where we seek to only find faults, we will definitely find them, and where we apply ourselves to observe from both sides of a crystal ball we become illumined to see unprejudiced.

In 2023, Nigeria needs a government that will better manage the country’s diversity, retool the economy, deal conclusively with insecurity, and build on the burgeoning infrastructural records of the Buhari administration. But most importantly, heal the bruised and battered national umbilicus.

2023 should be for national healing.
As I said in ‘Nigeria needs a president in 2023 – not Igbo, Hausa or Yoruba’ on February 2, 2021: ‘’Nigeria needs a
doctor. Yes, the country needs a carpenter.

It also needs a builder and an architect. If we are all desirous of healing from nearly six years of hate-slinging, recriminations and animosity, why are we not having conversations around a ‘healer president’ in 2023 – a Nigerian president who will mend the broken and possibly put humpty-dumpty together again? Why are we having conversations on the primordial – ethnic origin and religion? Have we not suffered enough for our poor choices driven by atavistic proclivities?

‘’While we are fixated on ethnic origin and religion as the primary basis for choosing the next president, we lose sight of the fundamental yardsticks of leadership – antecedents, competence, credentials, achievements, verifiable records, and tested abilities. Yes, there are people with these qualities in every ethnic group in Nigeria, but my concern is that these qualities are not emphasised in our electoral process and conversations.

Rather the premium is on the ethnic and religious identity of who must be president.

‘’We cannot rise as a country if we do not rise above our ethnic and religious biases. When we go to hospital, do we seek to determine the ethnic origin of the doctor before getting treatment? When we want to have our cars fixed, do we care if the mechanic is Igbo, Hausa or Yoruba? In these instances, we are much more concerned about getting expert solutions to our health and auto challenges. So, why are we fixated on ethnic origin and religion when it comes to the office of the president – a leadership position that can make or ruin our lives and future?

‘’Just as we would not want to compromise our health by seeking ethnicity instead of competence in getting treated, we should not compromise our future by accentuating ethnicity and religion instead of competence, antecedents, and proven records for leadership positions. When the combustible emulsion of ethnicity and religion becomes the benchmark for leadership, then failure is certain. We will fail as a country again and again if we continue on this primrose path.

‘’The conversation should be on the ‘’Nigerian president’’ in 2023, a leader who is not defined by his ethnic and religious bearings; a healer, unifier, commander-in-chief and consoler-in-chief.

Nigeria needs healing. Nigeria needs a president who will openly declare in words and in deeds – ‘’I am for every Nigerian, regardless of ethnic origin, religion or political affiliation.’’

People with leadership ichors dot the Nigerian landscape.

They are in every group and zone. No region is more endowed than the other in leadership stuff distribution. We can have a great Nigerian president from the north; we can also have a fantastic one from the south. Candidates for leadership are in profusion here.

I understand that power must be sensitive to diversity; hence the mantle must be orbital. When a section of the country has had its turn, another should have a go at it for the sake of inclusion, justice and fairness. This is only natural. While I agree that power at the centre should orbit, I strongly believe that premium must be on the content of any candidate.

Nigerians should judge any candidate by his antecedents. If there is anything we have learnt lately, is that antecedents matter. Any candidate who claims he can fight corruption, but his antecedents say otherwise is obviously a defective product.

We should not also discount rumours about any candidate; we should rather probe those gossip and speculations. As regards political candidates in Nigeria, sometimes in idle talk and tittle-tattle is eternal truth revealed.

It is a few months before 2023 electioneering begins, make we shine our eye well.



http://saharareporters.com/2021/09/17/2023-presidency-who-will-go-us-fredrick-nwabufo
HealthRelief As UCTH Successfully Performs First Open Heart Surgery by teeshet(op): 1:54pm On Sep 16, 2021
The Chief Medical Director(CMD) of the University of Calabar Teaching Hospital (UCTH) has disclosed that the tertiary health institution has performed its first open heart surgery on Wednesday, September 15, 202, being the first to do so in the South South region of the country.

Prof Ikpeme, who made this known in Calabar, Thursday, in a press statement, said the patient “had received a mitral valve replacement following about six and a half hours of surgery.”

“This has been the culmination of two years of hard work, determination, sacrifice, vision and focus at different levels of our hospital. And we must offer sincere gratitude to God and all who worked to make this happen.

“It is the guiding principle of this management to work quietly to achieve the vision and mission of our hospital and reposition her appropriately in the comity of tertiary health institutions in Nigeria.

We have driven this agenda by focusing steadily on the 3R mantra and refusing to be distracted.”

Explaining how the feat was achieved, the CMD said said, “the MOU for Open Heart Surgery Missions was signed with the VOOM Foundation sometime in 2015/16.”

According to him, “Things went quiet until the MOU was reviewed with the Foundation in July/August 2019 and UCTH made a commitment to actualize the programme & domesticate open heart surgery in our hospital. After two years of sacrificial hard work, doggedness, critical planning and determination against many odds, here we are today.

“We have had to construct a new Theatre Suite using in-house Engineering and Technical teams, we had to create a multidisciplinary Heart Surgery Team; we had to clear 2Nos 40ft containers from Onne Port, Port Harcourt and invest in equipment worth millions of Naira (Heart-Lung machine, Heater-Cooler interexchanger system, cell savers, High end Anaesthetic Machine, high end monitors, Defibrillator with Internal pads, ventilators, digital mobile x-ray system, etc. Hours of work went into this project.

“As far as I know, we are the first Tertiary Health Institution in South-South Nigeria to accomplish this, and join a group of very few elite centres nationwide. And at this early stage, we are offering these surgeries at 30 percent of their actual cost.”

The Professor of Orthopaedics (joint replacement services) and 8th CMD of UCTH commended the Minister of Health and the Federal Ministry of Health for granting approval with insistence on skills transfer.

“Our surgeons led this effort actively and some team members came from across the country. We thank the Board Chairman and the Governing Board for giving us the “wings to fly”. To the Cardiothoracic Unit & the Heart Surgery Team led by Prof Etiuma, I say Thank you,” Prof Ikpeme said.

https://www.blueprint.ng/breaking-relief-as-ucth-successfully-performs-first-open-heart-surgery/
CelebritiesUS Summons Nicki Minaj Over Claim That COVID-19 Vaccine Can Cause Impotence by teeshet(op): 1:36pm On Sep 16, 2021
The White House has summoned Nicki Minaj, the Trinidadian-born rapper, over her claim that the COVID-19 vaccine can cause impotence.

Impotence occurs when a man can’t get or keep an erection firm enough for sexual intercourse.

The Grammy-award winner was invited on Wednesday so she could meet with one of President Joe Biden administration’s doctors to examine her doubts about the
COVID-19 vaccine.

The White House has invited me & I think it’s a step in the right direction. Yes, I’m going. I’ll be dressed in all pink like Legally Blonde so they know I mean business. I’ll ask questions on behalf of the ppl who have been made fun of for simply being human.
#BallGate day 3 https:///PSa3WcEjH3
— Nicki Minaj (@NICKIMINAJ) September 15, 2021


Minaj also confirmed the invitation in a tweet, saying: “The White House has invited me and I think it’s a step in the right direction. Yes, I’m going. I will be dressed in all pink like a legally blonde so they know I mean business.”

“I’ll ask questions on behalf of the people who have been made fun of for simply being human.”

My cousin in Trinidad won’t get the vaccine cuz his friend got it & became impotent. His testicles became swollen. His friend was weeks away from getting married, now the girl called off the wedding. So just pray on it & make sure you’re comfortable with ur decision, not bullied
— Nicki Minaj (@NICKIMINAJ) September 13, 2021


The development comes after the rapper had provoked a global backlash after putting out a series of tweets wherein she claimed that a cousin’s friend had become impotent after receiving the COVID-19 vaccine.

“My cousin in Trinidad won’t get the vaccine cuz his friend got it & became impotent. His testicles became swollen,” she wrote. “His friend was weeks away from getting married, now the girl called off the wedding,” read one of the tweets to her nearly 22.5 million Twitter followers.

The 38-year-old singer had in an earlier tweet also disclosed that she missed this year’s Met Gala due to the fact that vaccines were required to attend the event.

“If I get vaccinated it won’t [be] for the Met. It’ll be once I feel I’ve done enough research. I’m working on that now. In the meantime my loves, be safe,” she had written.

But in his reaction during an interview with CNN, Anthony Fauci, US leading infectious disease expert, branded Minaj’s claim as “erroneous,” saying there is no evidence to back it up.


“There’s no evidence that it happens, nor is there any mechanistic reason to imagine that it would happen,” he said.

Also reacting, Terence Deyalsingh, Trinidad and Tobago’s health minister, said there haven’t been any reported cases of adverse side effects up to the tune of swollen testicles in the country.

“As we stand now, there is absolutely no reported side effect or adverse event of testicular swelling in Trinidad … and none that we know of anywhere in the world,” Deyalsingh said.


https://lifestyle.thecable.ng/us-summons-nicki-minaj-over-claim-that-covid-19-vaccine-can-cause-impotence/
CrimeHow Policemen Rejected N.5m Bribe Offered By Cultists -lagos PPRO by teeshet(op): 9:22am On Sep 16, 2021
The Police Public Relations Officer, Lagos State Command, CSP Adekunle Ajisebutu, has narrated how men of the Command rejected a N500,000 bribe allegedly offered by suspected cultists.

This was contained in a statement on Thursday titled, ‘Armed Robbery Suspect, Cultist Nabbed; Arms, Ammunition Recovered’.

Ajisebutu said, “Two suspects have been arrested for offering bribe to the police to secure the release of the two suspects and pervert the course of justice.

“While Adariku Sunday ‘m’, 34, resident of 66, Henry Smith Close, Abidjan GRA, Ajah offered the sum of N400,000 bribe in cash to secure the release of the robbery suspect, Folorunso Akeem, (m), 43, offered the sum of N100, 000 cash to secure the release of the suspected cultist.

“Determined to ensure justice through thorough investigation, the uncompromising police officers in charge of the case rejected the bribe.

“While commending the professionalism and uncompromising act of the police officers, the Commissioner of Police (Hakeem Odumosu) admonishes other police officers to emulate the incorruptible ones.”

Ajisebutu said Odumosu directed that the case should be transferred to the Command’s Tactical Team for further investigation and prosecution.

Continuing, the PPRO said an anti-crime patrol team of the Area ‘J’ Command, Elemoro arrested an armed robbery suspect and a suspected cultist with a locally-made double barrel gun and three cartridges.

“The armed robbery suspect, Alabi Timothy ‘m’ aged 23, resident of 9, Baale street, Majek, Ajah, was arrested at about 0030hrs of 4/9/2021 at General Paint, Garden area, Lekki during a routine stop and search by the police.

“A locally-made double barrel gun and two live cartridges including an expended cartridge concealed in a bag were recovered from the suspect.

“Similarly, a self-confessed cultist, Badmus Toheed (male), 22, who belongs to the Aye Confraternity was arrested with a live cartridge in the General Paint ghetto area, Ajah at about 0045hrs of 4th September, 2021. The suspect confessed that he was initiated into the Aye Confraternity sometime in June, 2021.”


https://punchng.com/how-policemen-rejected-n-5m-bribe-offered-by-cultists-lagos-ppro/
PoliticsFG Disburses N300bn To Farmers by teeshet(op): 2:11pm On Sep 15, 2021
President Muhammadu Buhari says N300 billion has been disbursed to farmers while 1. 6 million poor and vulnerable households are currently benefiting from the Conditional Cash Transfer programme.

The president revealed this while virtually declaring the 14 th Annual Banking and Finance Conference of Chartered Institute open of Bankers of Nigeria in Abuja on Tuesday .

According to him , some of the various initiatives embarked upon to boost agricultural trade in Nigeria include the Anchor Borrowers Programme.

He stated that the Central Bank of Nigeria had made more than N300 billion available to over 3. 1 million smallholder farmers of 21 different commodities .

He said the commodities included Rice , Wheat , Maize, Cotton, Cassava, Poultry , Soybeans , Groundnut , Fish , cultivating over 3 . 8 million hectares of farmland.

“ It is on record that 80 % of rice consumed in Nigeria is now produced locally, ’’ he said.

He added that the National Social Register of poor and vulnerable Nigerians had 32. 6 million persons from seven million poor and vulnerable households identified , imploring bankers to play a stronger role in improving livelihoods.

“ From this number, 1 . 6 million poor and vulnerable households , comprising more than eight million individuals are currently benefiting from the Conditional Cash Transfer program , which pays a bimonthly stipend of N10, 000 per household, ’’ he said .

President Buhari said the National Social Investment Programme was biggest in Sub -Sahara Africa and one of the largest in the world.

To further strengthen recovery and enable more Nigerians, President Buhari said , last year , he approved the establishment of InfraCo Plc , a world-class infrastructure development vehicle, wholly focused on Nigeria , with combined debt and equity take-off capital of N15 trillion.

He said the company was being managed by an independent infrastructure Fund Manager .

“ The Solar Power Naija project was launched in April 2021 with the aim of delivering five million off-grid solar connections to Nigerian households.

“ In May 2021, the Rural Electrification Agency announced the planned deployment of solar -powered grids to 200 Primary Health Centres and 104 Unity Schools nationwide .

“ Under the Family Homes Fund Limited , Social Housing programme incorporated by the Federal Government of Nigeria , more than two thousand hectares of land with title documents have been issued by 24 states with the capacity to accommodate about 65, 000 new homes.

“ The Central Bank of Nigeria is providing a N200 Billion financing facility , with a guarantee by the Federal Government , ’’ he said.

The president affirmed that the theme of the conference , “ Economic Recovery, Inclusion, and Transformation : The Role of Banking and Finance ’’ was most appropriate, following the global shocks from COVID-19 .

“ I salute the Institute and the entire banking and finance industry for the commitment towards charting a practical path for economic recovery and transformation of our country , Nigeria , and by extension Africa as epitomized by the theme of your conference .

“ I commend the financial services industry for its interventions and contributions towards the promotion of financial inclusion and literacy in our country .

“ And more importantly, the roles played by the banks in fostering economic growth of the country .

“ I am confident that the speakers that have been carefully selected to contribute to the conference will share insights that will help individuals , businesses and governments at all levels make necessary adjustments and take the right steps towards our collective resolve to position Nigeria as one of the top economies in the world, ’’ he added .

The president said a report from the National Bureau of Statistics revealed that Nigeria’ s Gross Domestic Product grew 5. 01 per cent in the second quarter of 2021; the strongest rise since the fourth quarter of 2014.

“ This is cheery news and an indication that the efforts of this administration at repositioning the economy is paying off, ’’ he said .

He urged the bankers and financial institutions to leverage on the abundant business opportunities to grow the economy.

President Buhari implored financial institutions to play a stronger role in making sure the Nigerian Small and Medium Enterprises were fit for purpose, with support in the full implementation of the “ Agreement ” .

“Indeed financial intermediary could not be any more relevant than at a time like this .

“We need you, the banks to drive value creation by developing new technologies, scaling payment infrastructure to serve the diversified economies expected to benefit from this Agreement,’’ he noted .

He said technological innovation was also important in the modern business terrain, noting that most transactions now take place online given the advent of the“ Internet of Things”.

The president stressed that as the nation continues to progress towards the next frontiers of digitization, it must harness all opportunities while being mindful of the inherent risks.

“ For example , the protection of data is now of utmost importance to provide users with more secure access to the online space,’’ he said.

President Buhari said the Covid-19 pandemic changed everything in the world, from interaction, work, communication to general lifestyle.

He noted that the epidemic also triggered new opportunities which helped to reshape the economy in the areas of digital transformation , trans-African trade , financial inclusion, security, workforce of the future, pharmaceutical, manufacturing, processing, supply, and logistics.

“As we look beyond the effects of the pandemic to the future , there are bountiful opportunities ahead of us . As you all may know , the African Continental Free Trade Area, of which Nigeria is subscribed, is not only an opportunity for the growth of trade but also the growth of Pan African businesses.

“It portends opportunities for our teeming youth population, the women, the creative industry , the digital economy, the financial services sector, agricultural value chain, commerce, industry , education and indeed every aspect of the economy as Nigerians will have unfettered access to the over 1.3billion consumer market, ’ he said.

The President commended CBN , working in collaboration with the Bankers’ Committee, for providing single - digit financing to young Nigerians in the fields of fashion, film , music and Information Technology through the establishment of the Creative Industry Financing Initiative.

In a goodwill message , President Paul Kagame of Republic of Rwanda said exploring new technology in the banking sector, with more focus on innovation , would enhance financial inclusion .

“ The banking sector can lead the way in integration . Banking is about trust, ’’ he said .

The CBN Governor, Godwin Emefiele said the regulatory body had been working with the Bankers Committee to scale the challenges posed by Covid -19 , which include reduction of interest rates on loans, increasing the moratorium for payments , and injecting N3 trillion loans in the private sector.

“ We do expect that the pace of inflation will moderate as we approach the harvest season , ’’ he added.

He expressed the hope that banks would remain strong, resilient and healthy .

He said the N15 trillion infrastructure fund would be inaugurated in Oct . 2021.
According to him , innovations like the Nigeria /International Financial will provide a gateway for capital and investments , and digital currency , e-naira, will enhance inclusion .


https://m.guardian.ng/news/fg-disburses-n300bn-to-farmers/
HealthCOVID-19: FG To Vaccinate Nigerians In Church On Sundays by teeshet(op): 6:46pm On Sep 14, 2021
The Federal Government has announced that it will be making COVID-19 vaccinations available to Nigerians in
Christian worship centres on Sundays.

This was announced on Tuesday by the Executive Director of the National Primary Health Care Development Agency, Faisal Shuaib.

He made this known while addressing christian leaders of the second phase of COVID-19 vaccinations. He said: “I am glad to inform you that from this Phase 2 of the COVID-19 vaccine roll out, we have introduced Sunday Vaccination.”

“This is to ensure members of the Christian community who may not have had access to the vaccine for whatever
reason are given an opportunity to be vaccinated at their worship places.”

“I must say that feedback from the field is very encouraging and I sincerely thank all Christian leaders who have given the vaccination team access to their churches and their members to receive COVID-19 vaccine during sunday service.”
https://politicsnigeria.com/breakingcovid-19-fg-to-vaccinate-nigerians-in-church-on-sundays/

PoliticsNigeria At 60 Awards To Hold On September 30 – FG by teeshet(op): 4:08pm On Sep 13, 2021
The Federal Government has set a new date for the Nigeria @60 Jubilee Special Award ceremony.

According to a statement made available on Monday by the Ministry of Industry, Trade and Investment, which was signed by the minister’s media aide, Ifedayo Sayo, the ceremony will hold on September 30, 2021, at the Banquet Hall, Presidential Villa, Abuja.

The statement which was titled, “Nigeria@60 Award Ceremony Holds Sept 30,” read in part, “The Federal Government has fixed a new date for the Nigeria@60 Jubilee Special Award ceremony. It will take place on Thursday, September 30, 2021.”

The award was earlier scheduled to hold on September 3, 2021, before it was postponed by the committee charged with the planning of the ceremony.

The statement read that the award ceremony is planned as part of the Jubilee celebrations of the nation’s independence and it is designed to honour 60 notable Nigerians who have made an impact in the country.

The special award ceremony is being organized by the Ownership Subcommittee of the Nigeria@60 Committee in collaboration with a media and digital communication firm, Say It Loud Limited chaired by the Minister of Industry, Trade and Investment, Niyi Adebayo
.


https://punchng.com/nigeria-60-awards-to-hold-september-30-fg/

Christianity EtcSCOAN Names TB Joshua’s Wife, Evelyn As New Leader by teeshet(op): 2:43pm On Sep 12, 2021
The Synagogue Church of All Nations, SCOAN, has officially named the wife of late Prophet Temitope Balogun, aka T.B Joshua’s wife, Evelyn, as the new leader of the church.

SCOAN said the church activities would be under the guidance of God and leadership of Mrs Evlyn Joshua.

In a statement on its verified Facebook page, SCOAN urged members and followers to pray for Mrs Evelyn as she takes on her new role.

According to the statement: “Good Morning. We thank you for all your prayers and your love for the ministry since the glorious home call of our dear father, servant of the Most High God, Prophet T.B. Joshua.

“We thank you for keeping the faith. It is now God’s appointed time, to the glory of God, for The SCOAN to soldier on with the divine assignment under the guidance of God and the human leadership of Mrs. Evelyn Joshua.

“We urge you all to join us in prayers as we wish for God’s guidance and divine wisdom in her new God ordained role. Mrs. Evelyn Joshua will shortly address
the teeming members of The SCOAN and Emmanuel TV Partners who have waited so long for this new phase in the Great Commission.”

Meanwhile, there have been reports of leadership tussle in the church following the death of TB Joshua.

The alleged tussle had led to the eviction of some disciples of the late prophet from the church premises.


https://dailypost.ng/2021/09/12/scoan-names-tb-joshuas-wife-evelyn-as-new-leader/
PetsRe: I Just Killed A Green Snake In My Car. by teeshet: 3:28pm On Sep 10, 2021
agent01:
Water snake; it's non venomous.....
false. thats a mammy water snake
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by teeshet: 1:39pm On Sep 10, 2021
raumdeuter:
Is this the baba that gives Ebuka confidence?
This Serge Gnabry guy, anytime I watch him he's always banging goals aplenty like there's no 2moro, and I begin to wonder. Is this not the same Gnabry of yesterday that was rejected by arsenal? What changed? And by the way did you guys see how havertz missed a seater against Iceland.
PoliticsFG Replies Afenifere, Says Farm Estates Not Ruga, Ranches by teeshet(op): 1:24pm On Sep 10, 2021
The Executive Secretary of National Land Development Authority (NALDA ) , Mr Paul Ikonne says the establishment of 109 Integrated Farm Estate by the Federal Government has nothing to do with Ruga or ranches.

The News Agency of Nigeria ( NAN ) reports that President Muhammadu Buhari had directed NALDA to establish integrated farm estates in all the 109 senatorial districts to boost food production across the country.

Pan-yoruba socio -political organisation, Afenifere, had in a statement by its spokesman, Mr Jare Ajayi, allegedly accused the federal government of attempting to bring back the rejected cattle colony and RUGA through the establishment of the farm estates.

However, the NALDA boss, who spoke to State House correspondents at Owerri International Cargo Airport on Friday , said: ”Well , is unfortunate , it ’ s not another type or anything that has to do with Ruga.

The Integrated Farm Estate , the president mandated us to put it in all the 109 Senatorial Districts.

”After commissioning that of Daura, meaning he saw the productive nature, the impact that project will make .

”The project is meant for the community , to develop the community. What we have inside is poultry , fishery and for those who are doing piggery – piggery. So, is for the people.

” The insinuation is meant to mislead people as a result of lack understanding so to say.

” But the truth position is that the integrated farm estate is designed to accommodate the youths from that community in order to engage them into entire agricultural value chain.

” And it depends on what the community is known for and what the community is interested in going into . Some states are getting poultry, cow -like in the north ; in the south like Abia they are doing fishery and rabbit rearing.

” In Oyo we already have rabbit rearing and crop farming; in Ekiti State as well we have crop farming.

” So it depends on the environment , and it has nothing to do with Ruga at all . It ’ s purely for development, and to engage the youths and for the benefit of immediate community, that is what the integrated farming estate stands for.”

On President Buhari ’ s official visit to Imo on Sept . 9, Ikonne the visit clearly showed the president’s passion and love for the people of the South East zone of the country.

”This visit is very significant and shows the love of the president and it shows he is the president of Nigeria and he has jurisdiction in all the states.

” It also shows his passion , and that he always loved and still loves the Southeast.

His first outing to contest , he used an Igbo man as his Vice -President .

” In his second outing he did the same too. In 2015, the president gave Igbo people four solid ministries, with substantive ministers, and the chain of other ministries.

” Now look at the Aba- Enugu-Port Harcourt Expressway that has been abandoned for years, today the road is not only motorable but standard that you can travel from Aba to Enugu without potholes.

” Look at the second Niger Bridge which was also abandoned for years , today that project is nearing completion . This is just to mention but a few .

” The President’ s coming shows that he loves the Igbo and he will keep doing more for the Igbo, ” .
https://m.guardian.ng/news/fg-replies-afenifere-says-farm-estates-not-ruga-ranches/

PoliticsFG Not Owing Any Doctor, Health Worker Salary – Ngige by teeshet(op): 2:34pm On Sep 08, 2021
The Federal Government has insisted that no doctor or health worker is being owed salary.

Chris Ngige, the Minister of Labour and Employment, said the Federal Government pays the salaries of doctors and health workers when due.

He stated this during a meeting of the presidential committee on salaries with the Joint Health Sector Union (JOHESU) in Abuja on Tuesday.

The minister said the explanation became necessary to address the members of the National Association of Resident Doctors (NARD).

NARD members are currently on strike over alleged salary irregularities.

However, Ngige said: “NARD goes about telling Nigerians that the government is owing them salaries, and as well not taking the problems in the health sector seriously. But this is not true.

It is incorrect “No doctor, nurse, pharmacist or any other health worker, including the driver, is owed a monthly salary.

Government pays as and when due.

“The truth is that NARD fails to tell Nigerians that their colleagues who are owed salaries are the ones illegally
recruited. Therefore, they were neither captured by the Office of the Head of Service of the Federation, nor were their payments provided for by the Budget Office of the Federation.

“Monthly salaries are done as and when due for those legitimately employed by the federal government, but not to those illegally employed or need their appointments regularised and captured in the finances of government for payment.”

https://dailypost.ng/2021/09/08/fg-not-owing-any-doctor-health-worker-salary-ngige/
BusinessPrepare To Become NNPC Shareholder In 2024, Kyari Tells Nigerians by teeshet(op): 8:50am On Sep 07, 2021
The Nigerian National Petroleum Corporation’s (NNPC’s) Group Managing Director, Mele Kyari, has stated that Nigerians and interested investors will be able to become shareholders in the company within the next three years.

According to him, plans are already on the way as stipulated by the recently signed Petroleum Industry Act to issue its Initial Public Offer to investors.

The NNPC boss disclosed this on Monday during an interview on Bloomberg TV Global Financial News.

Kyari during the interview also said the signing of the PIA means NNPC would now operate in line with the Companies and Allied Act.

“Unfortunately, shares to the public would not be sold by 2022 or 2023 due to certain bottlenecks that had lingered over the years but we will be in the position to consider any IPO in three years’ time; that is the provision of the law,” he told Bloomberg TV.

“When you want to get ready for IPO, you need to do things different. You need to get your books correct; you need to recapitalise; you need to shape your portfolio and many more things that you have to do until you get IPO ready.

“Surely, it is not what we will do in 2022 or 2023; probably the earliest consideration will be in three years’ time.”

You will recall that President Muhammadu Buhari last week declared a profit of N287 billion for NNPC in 2020, with a remark of first time in 44 years.

However, a fact check by Ripples Nigeria reveals that the president’s and NNPC management’s claim of the corporation’s first profit in 44 years is false, as the corporation actually made a profit in 2017.

On the development of the profit declared, the GMD continued, “Obviously this company is changing very fast and on the fast lane. We just declared profit for the fiscal year 2020.

“We are not getting ready for the IPO tomorrow; that is not exactly, that is not the situation. IPO really means this company is going to be profitable, it has a long trajectory, it has a short-term view of how things can be done better to align with the best practice in the industry.

“We are trying to see how we can relax the existing framework for energy transition that is ongoing all over the world.

“Every country is adjusting its portfolio by doing things differently in a better way and obviously in the long run, this is going to be a very great company and great companies always go for IPO.

“So, this is not something that we are going to do tomorrow. Obviously not. Our new law has made the provision that we can sell shares of this company, but in today’s context, I really say this company is doing great and getting an IPO means that it is going to be better than what it is today.”

https://www.ripplesnigeria.com/prepare-to-become-nnpc-shareholder-in-2024-kyari-tells-nigerians/
CareerLagos Release 2021 Public Service Examination Results by teeshet(op): 8:41pm On Sep 06, 2021
The Lagos State government, on Monday, announced the release of the Year 2021 Public Service Examination Results with immediate effect.

The Lagos State Ministry of Education, through her Examinations Board, has urged all categories of cadres in the State Public Service who duly participated in the Examination to check the results on the board’s portal.

A statement made available to DAILY INDEPENDENT and signed by Bakare Fatai, Public Affairs Officer, Lagos State Examinations Board urged all concerned to “Visit the Lagos State Examinations Board’s Portal by logging into: examsboard.lagosstate.gov.ng with the Card Serial Number and PIN provided during the Registration Process to print out their Result Slips for further necessary actions.

“On this note, the Lagos State Government hereby congratulates all the successful candidates,” the statement added.
https://independent.ng/lagos-release-2021-public-service-examination-results/

PoliticsNigerian Govt Enrolls 711 Mdas On IPPIS by teeshet(op): 7:33pm On Sep 06, 2021
The Federal Government has enrolled 711 Ministries, Departments, and Agencies (MDAs) on the Integrated Personnel and Payroll Information System (IPPIS) platform.

The Accountant-General of the Federation, Ahmed Idris, disclosed this at a training for IPPIS Role Players in the South-West held on Monday in Lagos.

Idris, who was represented by the Director of Consolidated Account, Office of the AGF, Mr. Salawu Zubairu, said the number enrolled was out of over 1,000 MDAs in the country.

The AGF said his office would not relent on its mandate until all government employees are migrated into the IPPIS platform.

He said: “ IPPIS is one of the key reform initiatives of the Federal Government. It provides a platform for payment of personnel emoluments and maintains a database for information and actions on the government’s workforce.

”This position underscores the resolve by the Federal Government to evolve permanent solutions to hitches that may be observed in the operations of the policy.

“This training, which is in line with this resolve, is meant to keep IPPIS role players abreast of operations of the policy, to enhance their capacity to take full ownership of their respective payrolls, and efficiently discharge their responsibilities in the centralised platform.

“In introducing the IPPIS into the country’s public service, the government seeks to entrench transparency and accountability in the management of the payroll system.

“Prior to introduction of the IPPIS, the manual payroll system that was in operation made it impossible to determine the number of personnel in MDAs , that were paid salaries, due to non-availability of necessary data.”


https://www.ripplesnigeria.com/nigerian-govt-enrolls-711-mdas-on-ippis/
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by teeshet: 6:55pm On Sep 02, 2021
Who remembers:
Shawn wright philips
Maniche
Del horno
Mutu
Hasselbank
Kezman
Geremi
Boularouz
Hilario
HealthRe: I May Have Caught Something (graphic) by teeshet: 10:05am On Aug 30, 2021
rexxyjosh:
"I rarely have sex, just two or three times a month"

grin grin grin
I tire oh
HealthRe: I May Have Caught Something (graphic) by teeshet: 10:04am On Aug 30, 2021
Romanoff:
Look for money to go run tests so you're sure of what you're treating.

Abstinence is key, it saves you money and keeps you from infection.
with condom everything will be fine
TV/MoviesRe: What Series Are You Watching Now? Part 2 by teeshet: 4:39pm On Aug 29, 2021
thatthickgurl:
Insatiable season 1-2 : 4.5/10

The only reason I continued watching was because I keep expecting a twist that would make it interesting, a twist that would put me on the edge of my seat.
Then with the end of season 1, the plot plummeted from a 40 to a 15. That's when I knew I couldn't watch anymore. I stopped halfway into episode 1 of season 2.
The lead character is so hard to understand.
I'm yet to find an enthusiastic female buff like you in terms of the way you consistently watch films and series with immediate alacrity. You are something else. You've defied the odds, broken boundaries unbreakable plus your reviews are so onpoint
Foreign AffairsRe: Taliban Fighters Killed & Captured After Afghan Militias Seize 3 Districts by teeshet: 7:04pm On Aug 21, 2021
generalwo:
.... Kill them all..... Useless terrorists... Meanwhile e no go better for Dortmund players!
Thank god. I almost put them in my ticket
RomanceRe: Reality Every Guy Need To Know ( STRICTLY REDPILL) ... by teeshet:
Martinez39s:
You mean you simped? If yes, pick up yourself and go simp no more.
What's your thoughts on the talibans treatment of women in afganistan in relation to the principles of redpill? cc caveadullam, ubunja, pansophist
Christianity EtcRe: Odumeje On TB Joshua: Chris Okotie Needs A Dirty Slap To Correct His Senses by teeshet: 11:06am On Aug 15, 2021
SeriouslySense:
clap for yourself. cheesy cheesy cheesy
Antichrist. Your doom is imminent
European Football (EPL, UEFA, La Liga)Re: Official Chelsea Fan Thread: Club World Cup Champions 2025-2029 by teeshet: 8:20am On Aug 15, 2021
chic2pimp:
BOYYYYY I really have missed MOTD sha especially with fans in the stadiums. The ooooh,ahhhhhs and screams of goals. Welcome back Folks!
Reminds me of yemisi when i'm pounding her.

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