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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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                  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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                  Suspects who burnt BRT buses, 518 others arrested

                  • Southwest senators push for Federal cash to rebuild Lagos

                  The Nation | October 28, 2020
                  Suspects who burnt BRT buses, 518 others arrested
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                  The police in Lagos on Tuesday paraded 520 suspects arrested for their roles in last week’s violence.

                  Six policemen and four others were killed in the state during the mayhem unleashed on Lagos, the police added.

                  No fewer than 38 policemen were injured; 16 police stations were torched and 13 vandalised by hoodlums who hijacked the #ENDSARS protests, Police Commissioner Hakeem Odumosu explained.

                  Among those arrested were those who allegedly participated in the burning of BRT buses and Television Continental (TVC) offices.

                   

                  Odumosu gave the names of some of the six policemen killed as Assistant Superintendent Yard Edward, attached to Denton Police Station; Inspector Olayinka Erinfolami of the defunct Anti- Kidnapping Unit (AKU); Inspector Adegbenro Aderibigbe, attached to Meiran Division, Sergeant Abejide Abiodun of Department of Operations (DOPs), State Headquarters and two others attached to Orile Division.

                  He said 58 police vehicles were burnt and 13 vandalised; 62 vehicles belonging to individuals and those connected with some pending cases (exhibits) were burnt and nine other vehicles vandalised by the hoodlums in police premises.

                   

                  Odumosu said 15 motorcycles and tricycles were torched and 65 vandalised at various locations within the state.

                  The police chief listed some of the public assets destroyed as including the High Court Complex Igbosere, Lagos State DNA and Forensic Centre, Broad Street; Ejigbo LCDA Secretariat; BRT Terminal Iddo (where 67 buses were burnt); City Hall, Lagos Island; COVID-19 Warehouse at Monkey Village; BRT Terminals at Ojodu and Ikotun; Ajeromi Ifelodun LG Secretariat; NPA Head Office, Marina, and FRSC/VIO Office at Ojodu where only the vehicles parked outside the main buildings within their compounds were burnt.

                   

                  He lsted the 16 Police Stations set ablaze as  including Orile, Amukoko, Layeni, Old Area J Command Ajah, Elemoro, New Area J Command Elemoro, Igando, Ebute-Ero, and its barracks and Ilasamaja Police Stations. Others are Makinde and its barracks, Ikotun, Isokoko, Pen-Cinema, Onipanu, Alade Police Stations.

                  “Thirteen formations were vandalised, among which were Ojo and Ojodu Stations. Police posts burnt include Cele, llogbo-Elerin, Shibiri, defunct Anti-Cultism office, Gbagada; defunct SARS Office Onilekere, Makoko, Daleko, Ashamu, Makinyo, Amuwo-Odofin; defunct Anti-Kidnapping Office, Surulere and old SARS Office Ajegunle.

                  “During the unrest, the police posts that were vandalised by the hoodlums included PPL, Mowo, Morogbo, Ikota and Mawa police posts.

                   

                  “Some private facilities, as well as other investments that were partly torched and vandalised/looted, include the Oba of Lagos’ Palace; Television Continental (TVC) at Ikosi-Ketu; Access Bank, GTBank and Ebeano Supermarket at Victoria Island; The Nation office at Fatai Atere Street, Mushin; Shoprite Malls at Ajah, LTV 8, Alausa, Ikeja, Surulere; Samsung outlet at Apple Roundabout, Festac; Shoprite at Festac, Samsung Office Oyingbo, etc.

                  “However, some of the looted items from these outlets/offices have been recovered.

                  “Based on these incidences, the command was able to arrest a total of 520 suspects for various offences ranging from arson, robbery, murder, rioting, malicious damage, and unlawful possession of firearms.”

                   

                  Among those arrested, Odumosu said, is one Olamilekan Ibrahim, 19, alleged to have been among those who broke into a commercial bank and carted away cash and other valuables in Lekki.

                  One of the suspects arrested in Lagos in on a DPO’s uniform

                  The police chief said the suspect was arrested with N250,000 alleged to be his share of the loot from the banks, as well as a locally-made pistol.

                   

                  He said two suspects identified as Ebere Reuben, 29, and Samuel Oyediran, 16, were also arrested by men of the Rapid Response Squad (RRS) for their involvement in burning of the BRT terminal at Berger and TVC.

                  They were allegedly caught with left-over of some quantities of petroleum products with which they set the places ablaze.

                  Odumosu said those arrested were not #ENDSARS protesters, noting that armed hoodlums hijacked the protests and were responsible for series of killings, arson and looting recorded.

                   

                  “Thorough investigation into the cases has commenced. Members of the public should be rest assured that they will be updated as investigation progresses.

                  “At this juncture, I will like to appreciate officers and men of this command for their doggedness, gallantry and commitment to maintaining law and order and restoration of normalcy to the state.

                  “Also, I commend the community leaders and stakeholders for their support in this regard, especially on the recovery of the looted arms and ammunition and valuables. They have been so helpful.

                   

                  “The command appreciates other sister/security agencies for their support in the struggle for the restoration of peace and harmony to the state.

                  “Permit me to reassure the good people of Lagos State that we will leave no stone unturned in providing adequate security for all and sundry.

                  “Emphatically, for the ember months, the command has put measures in place to legally deal with the criminals who might want to foment troubles or deprive law-abiding Lagosians of their property,” he said.

                   

                  Most of the suspects denied involvement in the violence, alleging that they were picked up randomly during raids.

                  One Ibrahim, in whose possession several looted items were allegedly found, said he only showed security agents were the items were kept in Ebute Meta.

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