Browsing: Editorial

Editorial CBN

The decision of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) to reduce the Cash Reserve Requirement (CRR) of banks for both public and private sector funds from 31 to 25 percent is a direct response to Nigeria’s fragile macro-economic environment and the resultant slow growth of the economy. The CRR is the minimum fraction of the total deposits of customers which banks have to hold as reserves, either in cash or as deposits with the CBN. The decision to reduce it was taken at the 5th meeting of the MPC this year.

Editorial confab-delegates

THE Northern Re-awakening Forum (NRF), a new socio-political organisation apparently dedicated to defending Northern interests, was recently widely reported to have called for the setting aside of the resolutions of the 2014 National Conference and the

Editorial Tukur-Buratai-Army-Chief

We heartily welcome the announcement by the Chief of Army Staff, Lt. Gen. Tukur Yusuf Burutai, that 5,000 officers and men of the Nigerian Army have been elevated to higher ranks. The Army boss disclosed the good news at the opening ceremony of the 2015 Chief of Army Staff (COAS) Third Quarter Conference held in Abuja recently.

Editorial HID awolowo

Mrs. Hannah Idowu Dideolu Awolowo, widow of the former Premier of the defunct Western Region, Chief Obafemi Awolowo, passed on last Saturday 67 days short of her 100th birthday.

Editorial emir

TODAY isEid-el-Kabir, anIslamicfestivaldevotedtothecelebration of the spirit of sacrifice and Allah’s unfailing benevolence to mankind. The…

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