List of banks fined by CBN for inability to meet loan ratio

 

The Central Bank of Nigeria (CBN) says 12 banks have been debited N499 billion for failing to give out 60% of their deposits as loans. The cash reserve of the banks held by the CBN has been debited. The CRR is a portion of the banks’ deposits kept with the CBN for regulatory reasons.

   In July, the CBN had increased the loan to deposit ratio to 60% saying: “Failure to meet the above minimum LDR by the specified date shall result in a levy of additional Cash Reserve Requirement equal to 50% of the lending shortfall of the target LDR”. The affected banks are:

Senate passes MTEF/FSP

 

   The Senate on Thursday passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to it by President Muhammadu Buhari last week. This followed the presentation and consideration of the report of the Senator Solomon Adeola-led Senate Committee on Finance by the Red Chamber in Abuja.

   The upper chamber in the approved MTEF/FSP for 2020-2022 increased the Federal Government’s proposed expenditure for 2020 from N10.002trillion to N10,729.4trillion. The Senate also increased the oil benchmark from $55 per barrel to $57 per barrel, representing a $2 increase.

Gunmen Abduct Six Female Students, Two Teachers In Kaduna

 

   Gunmen suspected to be kidnappers have abducted six students and two teachers from a private secondary school in Kaduna State. The Public Relations Officer of the State Police Command, Mr Yakubu Sabo, confirmed the abduction to Channels Television on Thursday.

I have no regret conceding the presidential election of 2015 to President Muhammadu Buhari- Former President Goodluck Jonathan

   Former President Goodluck Jonathan says he has no regret conceding the presidential election of 2015 to President Muhammadu Buhari. Jonathan who was the incumbent at the time polled 12,853,162 votes – 2.5 million less than – Buhari’s 15,424,921 votes.

  He made a historic call to Buhari, before the final collation of results, conceding the election. Responding to a question by TheCable if he regrets conceding the election in 2015, considering some unsavory developments in the past four years, the former president said he has no regrets for his action because it was a sacrifice for Nigeria’s democracy.

PHOTOS- President Buhari Arrives South Africa For 3 Day Official Visit

 

  President Buhari  and nine  of his Ministers are presently in South Africa to hold talks with the Country's President over the recent Xenophobic attack on Nigerians living n the Country.

OSCAR Nominates Genevieve Nnaji's 'Lion Heart' Movie For Best International Film Award, See Her Reaction

 

   Genevieve Nnaji’s ‘Lionheart’ will represent Nigeria at the 2020 Oscars. Produced by Chinny Onwugbenu, Chichi Nwoko, Genevieve Nnaji , and directed by Genevieve Nnaji, 'Lionheart' premiered at the 2018 Toronto International Film Festival (TIFF) and was acquired on September 7, 2018, as first Netflix original film produced in Nigeria.

Nigerian customs rakes in N5bn daily since border closure- Comptroller-General Hameed Ali

   

  The Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Wednesday, October 3rd told the National Assembly members that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government closed the nation’s borders. 

Lagos state government to close Costain bridge today

 

   The Lagos State government will today October 3, shut down the Costain Roundabout inwards Funso Williams Avenue for three months.

7 die, 6 injured in World War11 Boeing plane crash

 

   World War II-era bomber that crashed Wednesday morning Bradley International Airport in Windsor Locks, Connecticut, State public safety Commissioner James Rovella said seven people died in the crash and six survived.

Labour Issues Two-Week Ultimatum To Federal Government To Implement Minimum Wage

 

  In a statement signed by the president of the two unions, the labour leaders accused the government’s negotiating team of complacency. The statement insists that the delay in implementing the consequential salaries adjustment is caused by the government. Below is the full statement signed by the two unions.

Woman touched by plight of homeless 67 years old man she met in coffee shop gives him a bed until he can find a place of his own

    A woman so touched by the plight of a homeless man has taken him under her wing and given him a bed until he can find a place of his own.

   Kind-hearted Bridie Sawyer, 31, met George Dickson, 67, in a coffee shop and said he looked like the 'saddest man in the world'. And after hearing of his situation, she has now taken it upon herself to raise fund to find him a permanent home.

   She has set up a cosy bed for him in her garage until she raises the cash to get him on his feet, reports Chronicle Live. George had been placed in a hostel in Newcastle, but decided to head north where he could feel safer.  But it meant he was living on the streets - which broke Bridie's heart and their friendship grew.

Donald Trump announce new tariffs on billions of dollars of EU products starting Oct. 18

 

    The price of Scotch, French wine, cheese and other European exports is about to go up in the U.S. after the Trump administration announced new tariffs on billions of dollars of EU products starting Oct. 18.

    President Donald Trump got the go-ahead from the World Trade Organization on Wednesday to impose tariffs on as much as $7.5 billion worth of European exports annually in retaliation for illegal government aid to Airbus. The award is the largest in WTO history.

Kylie Jenner and Travis Scott Are Taking a Break From Their Relationship

 

   According to TMZ report, Kylie Jenner and Travis Scott are both single again as the couple is walking away from their relationship for now.

Man wanted in killing of teen arrested in Metairie

   

   A suspect in the killing of a 17-year-old boy just outside of Tacoma, Wash., was arrested in Metairie Tuesday afternoon.

Liverpool 4-3 Salzburg: Mohamed Salah scores winner after Salzburg had completed remarkable three-goal comeback

   Liverpool surrendered a three-goal lead but eventually prevailed 4-3 against a resolute Red Bull Salzburg as Jurgen Klopp's side kick-started their defence of the Champions League in chaotic fashion at Anfield.

Buhari congratulates Kano, Plateau governors on the affirmation of their victories in the March 2019 gubernatorial polls

     President Muhammadu Buhari has congratulated Governor Abdullahi Umar Ganduje of Kano State and Governor Simon Lalong of Plateau State on the affirmation of their victories in the March 2019 gubernatorial polls by the state Governorship Election Petition Tribunals.

NSCIA loses Deputy President-General

 

   The Nigerian Supreme Council for Islamic Affairs (NSCIA) on Wednesday announced the death of its Deputy President-General, Dr Sakariyau Babalola.

TREM DAILY DEVOTIONAL 3RD OCTOBER 2019 TOPIC: YOU ARE CHOSEN FOR HIS PURPOSE

TREM DAILY DEVOTIONAL 3RD OCTOBER 2019 TOPIC: YOU ARE CHOSEN FOR HIS PURPOSE
“Ye have not chosen me, but I have chosen you and ordained you, that ye should go and Bring forth fruit, and that your fruit should remain; that whatsoever ye shall ask of the Father in my name, he may give it you’’
John 15:16 KJV

Beloved it was God who chose you! It was not your choice. Amongst the over 7 billion people in the world, God chose you. God knows all about your weaknesses and strength, your good and your bad, yet He says ‘you are my chosen.’ He chose you in spite of what you have done in the past. Jeremiah’s conversation with God suffices. But God told him, “Before I formed you, I knew  you. While you were yet in your mother’s womb, I ordained you as a prophet to the nations’’. (Jeremiah 1:5). He chose him and the man was trying to make excuses for God. He  said ‘all your excuses are inexcusable.’

Topic: Science and Religion [Billy Graham Devotional 3 October 2019]

Topic: Science and Religion [Billy Graham Devotional 3 October 2019]

He reveals profound mysteries beyond man’s understanding. He knows all hidden things, for he is light . . . —Daniel 2:22 (TLB)

The fact of the matter is that science and faith complement each other, and there is no conflict between true science and true religion. Together they give the best foundation for wholesome faith and courage for daily living. When Galileo, the father of modern science, discovered that the earth revolved, instead of the sun moving around the earth, certain religious leaders were greatly disturbed, for they held another theory. But eventually they were reconciled.

Topic: Avoid Big Failures [Kenneth Copeland Devotional 3 October 2019]

Topic: Avoid Big Failures [Kenneth Copeland Devotional 3 October 2019]

This I say therefore, and testify in the Lord, that ye henceforth walk not as other Gentiles walk, in the vanity of their mind, having the understanding darkened, being alienated from the life of God through the ignorance that is in them, because of the blindness of their heart: who being past feeling have given themselves over unto lasciviousness. – Ephesians 4:17-19

There’s a subtle strategy Satan uses to take control of our lives. The Bible calls it lasciviousness and it means “to have no restraint.”

Topic: Get Ready For Jesus [Andrew Wommack Devotional 3 October 2019]

Topic: Get Ready For Jesus [Andrew Wommack Devotional 3 October 2019]

Matthew 24:38 ‘For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark,’

MATTHEW 24:38-39

Jesus is prophesying that just as in Noah’s day, people will be dominated with the temporary affairs of this life instead of eternal spiritual truths, when Jesus returns. Before our Lord’s second return, there will be plenty of signs to show that the time is drawing near, but few will heed them. Preoccupation with the affairs of this life can dull us to the spiritual realm.

Open Heaven 3 October 2019 Thursday Daily Devotional By Pastor E. A. Adeboye – The Character of Forgiveness

Open Heaven 3 October 2019 Thursday Daily Devotional By Pastor E. A. Adeboye – The Character of Forgiveness

Memorise: Forbearing one another, and forgiving one another, if any man have a quarrel against any: even as Christ forgave you, so also do ye. – Colossians 3:13

Read: Colossians 3:12-15 (KJV)

12 Put on therefore, as the elect of God, holy and beloved, bowels of mercies, kindness, humbleness of mind, meekness, longsuffering;

13 Forbearing one another, and forgiving one another, if any man have a quarrel against any: even as Christ forgave you, so also do ye.

14 And above all these things put on charity, which is the bond of perfectness.

15 And let the peace of God rule in your hearts, to the which also ye are called in one body; and be ye thankful.

Bible in One Year: 1 Chronicles 6-7, Daniel 11:29-45

Open Heaven 3 October 2019 Thursday MESSAGE: