Author: meridianspy

Recapitalisation: CBN projects massive inflow of Foreign investments into banks The Central Bank of Nigeria, CBN said that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking position in Nigerian banks through the ongoing recapitalisation exercise. Director, of Financial Policy and Regulation Department, FRPD, CBN, Mr. Haruna Mustafa stated this in an interview stressing that the banking recapitalisation exercise holds enormous opportunities for the economy, especially in terms of enhancing forex market reforms. He said: “This policy holds enormous promise and opportunities not only for the banking system but for the wider economy…

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The Police Command in Imo says it has launched investigation into the murder of another  legal practitioner, Garricks Anyanwu, who was killed by assailants a week ago. The Police Public Relations Officer (PPRO), in the state, ASP Henry Okoye, disclosed this in a telephone interview with the News Agency of Nigeria (NAN) on Tuesday. Okoye, who confirmed the incident, however, promised to make an official statement on completion of investigation on the matter. NAN however, gathered that Anyawu was killed in his home town of Orodo, in Mbaitoli Local Government Area of the state by some suspected assassins. His…

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The Department of State Services has urged Nigerians to report suspicious activities during the Eid-El-Fitr celebration. The service had on March 4, 2024, urged citizens to be vigilant against public dangers, especially Improvised Explosive Devices, urging Nigerians to stay informed about potential threats and avoid crowded or suspicious areas. However, in a statement on Tuesday, the Director of PR and Strategic Communications, DSS, Peter Afunanya, assured Nigerians that the service would work in collaboration with other security agencies to ensure the security of the citizens during the festive period. The statement read, “Similarly, everyone is advised to be security…

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Sheikh Musa Lukwa, a Sokoto-based cleric, on Tuesday, led his followers to observe eid prayer. The Nigerian Supreme Council for Islamic Affairs (NSCIA) under the leadership of Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III, had declared Wednesday as the first of Shawwal and Eid day, commemorating the completion of the 2024 Ramadan fast. The council said the crescent moon was not sighted on Monday, the same view earlier espoused by Saudi Arabia authorities. But Lukwa, who has over the years disobeyed the Sultan’s directive on moon sighting, led prayers at his Juma’at mosque around 8:30am. Justifying the action,…

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