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    Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

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    FG fines Multichoice N766m over privacy breaches

    FG fines Multichoice N766m over privacy breaches

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    Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

    Food inflation: NSA, 36 states launch joint action

    Food inflation: NSA, 36 states launch joint action

    Petrol imports drop 54% as Dangote boost supply

    Petrol imports drop 54% as Dangote boost supply

    World Bank retains Nigeria’s growth at 3.6%

    World Bank retains Nigeria’s growth at 3.6%

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Petrol: 6 depots slash prices as competition heightens in downstream sector

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Market capitalisation hits N70.89tr as 36 stocks close in green

    Sixteen years after meltdown, NGX market cap surges by 347.5%

    Sixteen years after meltdown, NGX market cap surges by 347.5%

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      Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

      Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

      FG fines Multichoice N766m over privacy breaches

      FG fines Multichoice N766m over privacy breaches

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

      Food inflation: NSA, 36 states launch joint action

      Food inflation: NSA, 36 states launch joint action

      Petrol imports drop 54% as Dangote boost supply

      Petrol imports drop 54% as Dangote boost supply

      World Bank retains Nigeria’s growth at 3.6%

      World Bank retains Nigeria’s growth at 3.6%

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Petrol: 6 depots slash prices as competition heightens in downstream sector

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Market capitalisation hits N70.89tr as 36 stocks close in green

      Sixteen years after meltdown, NGX market cap surges by 347.5%

      Sixteen years after meltdown, NGX market cap surges by 347.5%

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        Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

        Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

        FG fines Multichoice N766m over privacy breaches

        FG fines Multichoice N766m over privacy breaches

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

        Food inflation: NSA, 36 states launch joint action

        Food inflation: NSA, 36 states launch joint action

        Petrol imports drop 54% as Dangote boost supply

        Petrol imports drop 54% as Dangote boost supply

        World Bank retains Nigeria’s growth at 3.6%

        World Bank retains Nigeria’s growth at 3.6%

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Petrol: 6 depots slash prices as competition heightens in downstream sector

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Market capitalisation hits N70.89tr as 36 stocks close in green

        Sixteen years after meltdown, NGX market cap surges by 347.5%

        Sixteen years after meltdown, NGX market cap surges by 347.5%

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          Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

          Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

          FG fines Multichoice N766m over privacy breaches

          FG fines Multichoice N766m over privacy breaches

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

          Food inflation: NSA, 36 states launch joint action

          Food inflation: NSA, 36 states launch joint action

          Petrol imports drop 54% as Dangote boost supply

          Petrol imports drop 54% as Dangote boost supply

          World Bank retains Nigeria’s growth at 3.6%

          World Bank retains Nigeria’s growth at 3.6%

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Petrol: 6 depots slash prices as competition heightens in downstream sector

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Market capitalisation hits N70.89tr as 36 stocks close in green

          Sixteen years after meltdown, NGX market cap surges by 347.5%

          Sixteen years after meltdown, NGX market cap surges by 347.5%

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            Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

            Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

            FG fines Multichoice N766m over privacy breaches

            FG fines Multichoice N766m over privacy breaches

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

            Food inflation: NSA, 36 states launch joint action

            Food inflation: NSA, 36 states launch joint action

            Petrol imports drop 54% as Dangote boost supply

            Petrol imports drop 54% as Dangote boost supply

            World Bank retains Nigeria’s growth at 3.6%

            World Bank retains Nigeria’s growth at 3.6%

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Petrol: 6 depots slash prices as competition heightens in downstream sector

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Market capitalisation hits N70.89tr as 36 stocks close in green

            Sixteen years after meltdown, NGX market cap surges by 347.5%

            Sixteen years after meltdown, NGX market cap surges by 347.5%

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              Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

              Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

              FG fines Multichoice N766m over privacy breaches

              FG fines Multichoice N766m over privacy breaches

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

              Food inflation: NSA, 36 states launch joint action

              Food inflation: NSA, 36 states launch joint action

              Petrol imports drop 54% as Dangote boost supply

              Petrol imports drop 54% as Dangote boost supply

              World Bank retains Nigeria’s growth at 3.6%

              World Bank retains Nigeria’s growth at 3.6%

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Petrol: 6 depots slash prices as competition heightens in downstream sector

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Market capitalisation hits N70.89tr as 36 stocks close in green

              Sixteen years after meltdown, NGX market cap surges by 347.5%

              Sixteen years after meltdown, NGX market cap surges by 347.5%

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                Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                FG fines Multichoice N766m over privacy breaches

                FG fines Multichoice N766m over privacy breaches

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                Food inflation: NSA, 36 states launch joint action

                Food inflation: NSA, 36 states launch joint action

                Petrol imports drop 54% as Dangote boost supply

                Petrol imports drop 54% as Dangote boost supply

                World Bank retains Nigeria’s growth at 3.6%

                World Bank retains Nigeria’s growth at 3.6%

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Petrol: 6 depots slash prices as competition heightens in downstream sector

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Market capitalisation hits N70.89tr as 36 stocks close in green

                Sixteen years after meltdown, NGX market cap surges by 347.5%

                Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Banking Sector Strengthens as Capital Adequacy Ratio Hits 15.2%, Liquidity 49.06%

                  Amid 27.50% MPR, Economic Challenges, Prime Lending Rate Rise to 18.19%

                  FG fines Multichoice N766m over privacy breaches

                  FG fines Multichoice N766m over privacy breaches

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Despite Economic Downturn, Nigeria’s Non-pension AuM Up 71% to N10.1trn

                  Food inflation: NSA, 36 states launch joint action

                  Food inflation: NSA, 36 states launch joint action

                  Petrol imports drop 54% as Dangote boost supply

                  Petrol imports drop 54% as Dangote boost supply

                  World Bank retains Nigeria’s growth at 3.6%

                  World Bank retains Nigeria’s growth at 3.6%

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Petrol: 6 depots slash prices as competition heightens in downstream sector

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Market capitalisation hits N70.89tr as 36 stocks close in green

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

                  Sixteen years after meltdown, NGX market cap surges by 347.5%

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                  Lekki shootings: NBA insists on probe, Amnesty releases evidence linking military

                  Punch | October 29, 2020
                  Bloody Tuesday at Lekki toll gate
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                  • Invading soldiers prevented ambulances from reaching injured protesters – AI

                  • Stop denials, admit errors, NBA tells FG

                  • We demand accountability – #EndSARS protesters

                   

                  The global rights group, Amnesty International, has collated and released a timeline of the killing of #EndSARS protesters by soldiers at the Lekki tollgate, Lagos on October 20.

                  The AI said its crisis response experts investigated and verified social media videos and photographs that confirmed the security forces were present at the Lekki toll gate when the shootings occurred.

                  The evidence was published on the group’s website, Amnesty International Home on Wednesday.

                  The Nigerian Bar Association and an activist, Raphael Adebayo, in their separate reactions to Amnesty’s statement, reiterated their calls for the probe of the Lekki shootings.

                   

                  The NBA further advised government to stop denying the incident and admit its error.

                  Youths calling for the scrapping of the Special Anti-Robbery Squad of the Nigeria Police had on October 8 begun protests in major cities across the country.

                  On October 20, the protests turned violent when soldiers shot protesters at Lekki.

                  Eyewitnesses said that eight dead bodies of protesters were taken away by the soldiers of 81 Division of the Nigerian Army.

                   

                  The incident which was also live-streamed by a popular disc jockey showed the soldiers firing at the activists.

                  The Lagos State Governor, Babajide Sanwo-Olu, in his first reaction to the shootings blamed the incident on forces beyond his control.

                  Later in an interview with Arise Television, the governor denied inviting soldiers to quell the protests.

                  But the acting Deputy Director, 81 Division Army Public Relations, Maj. Osoba Olaniyi, in a statement on Tuesday, explained that the troops were invited by the Lagos State Government to enforce the curfew it imposed on the state.

                   

                  Efforts to get the Chief Press Secretary to the Governor, Gboyega Akosile, to react to the military’s latest claim did not succeed as he did not take his calls nor respond to a WhatsApp message from The PUNCH, despite viewing the text.

                  However, a top member of the Sanwo-Olu cabinet said the governor would not reply to the military statement.

                  “No, there is no need for a response. We are not reacting to it,” the official, who did not want to be quoted, said.

                  But the AI in a statement on Wednesday titled, ‘Authorities must stop attempts to cover up Lekki toll gate massacre – new investigative timeline,’ provided photographs and footage confirming that the military vehicles conveying the troops left their base, Bonny Camp at 6:29 pm for the tollgate.

                   

                  It explained that the military vehicles were filmed leaving Bonny Camp on videos shared on social media.

                  The group further disclosed that footage also showed four vehicles with flashing lights in a convoy, “and they appear to be vehicles used by the Nigerian military and police.”

                  The statement further said the same vehicles headed east along Ozumba Mbadiwe Avenue and passed several international embassies and consulates, including the Japanese Embassy and the Australian High Commission.

                   

                  The footage tracked the vehicles to the toll gate and showed the troops firing on the #EndSARS protesters at approximately 6: 45pm.

                  The statement read, “The Nigerian authorities’ must end their attempts to cover up the Lekki toll gate massacre. The timeline collates photographs and video footage to confirm that the Nigerian Army vehicles left Bonny Camp, a military base, approximately a seven-minute drive from the tollgate, at 6:29 pm local time on 20 October.

                  “Footage then tracks the vehicles to the toll gate. At approximately 6:45 pm, the Nigerian military opened fire on the #EndSars protesters who were peacefully calling for an end to police brutality.

                   

                  “Further photographs and footage captured the vehicles arriving at the tollgate, before the peaceful protest was disrupted by men in military uniform and gunfire is heard.

                  “As night time descended, protesters continued to film and share videos of the shootings. Later in the evening, videos of the victims were also shared on social media.”

                  Country Director of Amnesty International, Osai Ojigho, said what happened at the Lekki tollgate had “all the traits of the Nigerian authorities’ pattern of a cover-up whenever their defence and security forces commit unlawful killings.”

                   

                  She demanded the identity of the officials who gave orders for use of the lethal force on the peaceful protesters, wondering why the security cameras at the plaza were dismantled.

                  Ojigho noted, “One week on, the Nigerian authorities still have many questions to answer: who ordered the use of lethal force on peaceful protesters? Why were the CCTV cameras on the scene dismantled in advance? And who ordered electricity being turned off minutes before the military opened fire on protesters?

                  “The initial denial of the involvement of soldiers in the shooting was followed by the shameful denial of the loss of lives as a result of the military’s attack against the protests.

                   

                  “Many people are still missing since the day of the incident, and credible evidence shows that the military prevented ambulances from reaching the severely injured in the aftermath.”

                  AI further called on the authorities to bring to justice those behind the shooting and protect those who were exercising their right to freedom of assembly.

                   

                  We demand accountability–#EndSARS protester

                  A leading member of the #EndSARS movement, Raphael Adebayo, said Nigerians would continue to demand accountability for the attack on peaceful protesters by “paid thugs and members of the security forces.”

                  He noted that the AI report was one of many reports on the attacks, adding that those who participated in the demonstration had also provided accounts of the incident.

                  Adebayo said the government and the military have been giving contradictory statements, stressing that the youths would not give up until the truth on the incident is out.

                   

                  NBA insists on FG’s probe of Lekki shootings

                  On its part, the NBA  reiterated its call on the Federal Government to thoroughly probe the incident of the shooting of peaceful #EndSARS protesters by soldiers at the Lekki Tollgate Plaza on October 20,2020.

                  It also said government should stop denying the incident and admit its mistake.

                  The NBA had at its National Executive Committee meeting held two days after the incident demanded an investigation to reveal the identities of the persons who gave the order for the attack, the soldiers who carried out the shooting as well as the slain and missing victims of the attack.

                   

                  Requested by one of our correspondents to react to  Wednesday’s release by Amnesty International giving a timeline of the attack by the soldiers, the NBA, through its Publicity Secretary of the NBA, Dr Raps Nduka, said the continuously changing claims of relevant authorities concerning the incident had further shown that there was the need for a thorough probe into the incident by the Federal Government.

                  Nduka said, “There is no doubt that something happened there that night.  You can see the denials and some admissions. The Army initially said there was no soldier at the scene of the shooting but later said they were called to intervene by the Governor of Lagos State. The governor himself had earlier denied knowing anything about it.

                   

                  “This is why it was part of our positions at our last NEC meeting that the Federal Government should thoroughly investigate the incident. The Federal Government must investigate the incident for there to be a way forward.”

                  He added, “You will recall that it was the disbelief that the protesters had in the government that made them to continue protesting despite the government’s promise to meet their demands.

                  “Ordinarily, the citizens should believe the government when the government says something. But this was not the case when the government promised to meet the demands of the #EndSARS protesters because many of such promises had been made by the government and were not fulfilled in the past.

                   

                  “This going back and forth speaks volumes about the intention of the government as to whether they want to really deal with the issues.”

                   

                  “We have come to a point where some narratives are being pushed right now to give an impression that nothing happened. They are saying that those who said that there were some shooting are peddling fake news. At the end of the day, we will be doing great disservice to our own people. There are things that should be admitted, then you look for the way forward – ‘This has happened; oh, there was  a mistake somewhere’, then we look for the way forward. When government acts this way, the people will believe what it says. But if we keep going back and forth, it speaks volumes about the intention of government and whether they actually deal with the issues that the people are raising.”

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