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S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently directed by Central Bank of Nigeria (CBN), addressed the banking group’s corporate governance challenges and ensures the Nigerian banking sector’s financial stability.

In a statement, it stated that its ratings on FBN and other Nigerian banks remain constrained by shortcomings in corporate governance and transparency, among other factors.

The CBN recently replaced the entire boards of FBN and FBNH, and reinstated the former executive directors and CEO, Dr. Adesola Adeduntan.

The CBN had also requested FBN unwind certain exposures and divest from its participation in a non-permissible company, also pointing to potential corporate governance lapses at the bank.

“However, Dr. Adeduntan’s reinstatement and the re-appointment of the other executive directors underscores the CBN’s confidence in the existing management team to continue the turnaround of the third-largest banking group in Nigeria, which has total assets of Nigerian N7.7 trillion.

“We are of the view that the CBN’s historical approach has been more reactive than proactive, as illustrated by the Skye Bank episode. That said, recent actions, while disruptive in the near-term, may signal a more direct and possibly decisive supervisory approach to alleged failings in the management and governance of regulated institutions,” it stated.

It, noted that FBN’s overall credit profile has gradually stabilised since 2016, with a capital adequacy ratio of 17 percent in 2020, as against a 15 percent minimum requirement.

Similarly, the bank’s asset quality indicators improved significantly, with Non-Performing Loans (NPLs) reducing to 7.7 percent in 2020, from 20-25 percent since 2016.

 

 

 

The APC gubernatorial Aspirant for the 2023 general elections in Taraba state, Hon. Philip Johnson is 'rejoicing with our Moslem brothers' on the occasion of their Eid Fitri celebration, marking the end of a successful month-long Ramadan fast.

Hon. Johnson expressed confidence that Allah will honour the prayers of peace and unity offered unto Him at this critical period of our country.

 

He called on politicians across party lines to close ranks in the fight against rampaging insecurity in Nigeria.

 

The APC Governorship strong contender who has not hidden his position on power shift to south, called on his APC party members to 'rally round APC National Leader, Asiwaju Bola Tinubu if he declare his intention to run for the presidency". 

He maintained that "we should remember the role Asiwaju played and our promises during the merger that brought about APC in 2014".

 

 Hon. Johnson, believes Nigeria will emerge stronger after this trying times and urge Nigerians not to loose hope, but tighten their bond of unity.

Thursday, 13 May 2021 00:00

Atorise Gets Lexus 2020 SUV Gift On Birthday

Written by

 

 

 

 
Good things begot good things and is another year for Olanrewaju Teriba also known as Atorise as he received the gift of Lexus Gx 460 2020 model. today, being his Birthday.

 

 

The SUV is courtesy of a  long time friend and Fan, Sunday Shoyinka the ceo of shoyinmacs motors alausa Ikeja aka Apoti Sunday.


Apoti Sunday has been a friend for over fifteen years when they both had nothing and helped each other in  various ways.

 

 

In his words Atorise said he is short of words that his plan was to celebrate this year's birthday in a very Low key due to the situation of the country with killings, kidnapping and Bandit invading towns and villages coupled with covid-19 pandemic.

 

 

He added the his plans was to get a New Civilian Coaster Bus for his co-workers for easy movement adding that he is  expecting the delivery of the van anytime soon, only to get a wonderful gift of a SUV this morning from Apoti Sunday

 

Recall  that Atorise gave his band bus to the Blinds when they came to minister on his mountain some months ago as a seed even as he is getting a harvest of that seed in the form of a SUV barely six months after.

 

Atorise was full of praises to God Almighty for another Year among the living and pray for all his Fans, friends, Family and we'll wishers home and Abroad that God will see ''us through all our difficulties  in the name that is above all other names and it shall be well with Nigeria in Jesus Name'' he concluded.

Nollywood legend and multiple award winning filmmaker, Ambassador Lancelot Oduwarene Imasuen, who is popularly known…

 

 

Celebrity Journal Publishers Association of Nigeria (CJPAN) has joined well- meaning Nigerians to felicitate with Muslim Faithfuls accross the world in commemoration of ED-EL FITRI CELEBRATIONS:marking  the end of the fasting month of Ramadan. ... 

This  occasion  is meant for special prayers, family visits, gift-giving and charity, it takes her place over one to three days, beginning on the first day of Shawwal, the 10th month in the Islamic calendar.

 

The President of the Association, Mr. Joshua Uloko stated that Muslims should be very vigilant at the prayer centres  to forstall any attacks. He  advised Muslims to continue loving  one another  and embrace what they practiced during the fasting period 

 

He however prayed that Allah will guide and protect us to survive the insecurity in Nigeria amid another lockdown due to Covid-19 Pandemic. He said  

 

SANYA OJO

CJPAN's PRO DESK

 

 

In its continued support to the people of the state with a view to cushioning the effects of the economic hardship particularly among the poor and less privileged in the society, the government of Zamfara state under the leadership of His Excellency, Gov. Bello Muhammed Matawallen Maradun on Wednesday May 12th, 2021, ordered for the distribution of yet another consignment of palliative strictly to the less privileged and poor families in Gusau, the state capital.

 

The distribution exercise which was conducted by the Speaker of the state House of Assembly Rt. Hon. Nasiru Muaazu Magarya and supported by other members of the state House of Assembly, distributed three trucks of rice to the designated families.

 

Each of the benefiting families was given 25 kg of rice to enable them  celebrate the eid-el-Fitri with joy.

 

The Speaker who is also the chairman of Ramadan Welfare Distribution Committee said over 3,600 bags of 25 kg of rice was distributed today within the areas of the poor and less privileged.

 

Speaker Magarya also used to occasion to appeal to the beneficiaries of the government gesture to pray for the state in particular and the country in general for peace, unity and security.

 

The Speaker also called on the people of the state to live in peace and harmony with one another for the attainment of the desired progress and development of the state.

 

He said the state government is doing everything possible to ensure adequate security of lives and property of the people and should be supported by all and sundry.

 

The special palliative  targetted people who could not afford their daily basic needs, is in addition to the Ramadan welfare packages that included rice, sugar, millet, maize, guinea corn, cows and clothing materials to various categories of people in the state.

 

Areas that benefited with the Governor's gesture include Zawuyya Gusau, Kanwuri Area, Gada-biyu, Takama, Abarma and Dutsi Area of Gusau metropolis.

 

YUSUF IDRIS GUSAU 

Director-General, Media Public Enlightenment and Communications. 

Government House, Gusau. 

 

Simply put, Kemi Aborisade personifies her trade as she has creates glamorous look that would…

 

 

 

The Delta State Commissioner of Police, Ari Mohammed Ali has urged journalists reporting migration to use their journalism skills to hold Nigerian leaders accountable in order to stem the tide of irregular migration.

 

He made the call on Tuesday when a delegation of the Journalists International Forum For Migration (JIFORM), a media foundation comprising over three hundred journalists across the continents reporting migration matters led by its president,  Ajibola Abayomi paid him a courtesy call at the Police Headquarters, Asaba, the capital of Delta State.

 

Concerned about various forms of abuses that Nigerians in irregular status are being subjected to overseas, the CP urged journalists to constantly remind those in authority to better the lots of the nation so as to reduce the urge for desperate migration among the youths to seek greener pastures abroad.

 

The Delta State police boss who pledged full support for JIFORM capacity development for journalists in the state called for more support for the Federal Government to improve the economic admonished members of the public to always work with the police to curtail human trafficking and other migration crimes.

 

While making his submissions, Ajibola had earlier called for further collaboration between the police and the media to raise the stake of awareness against unplanned journeys predominant among the youths in Southern Nigeria.

 

He said the media needed more training to be on top of migration reportage stating that “JIFORM is proposing to have a workshop for journalists in Delta State between June 9-10. We need the support of your office and others to make it success.

 

“We believe that despite what Nigeria is going through, the nation shall emerge stronger. In as much as we care to contain the spread of Covid-19, the authorities must note that human traffickers and other criminals don’t go on luck down, therefore we must devise means to continue to impact knowledge on our people to do the needful.”

 

The JIFORM delegation comprised Felix Ahon of Vanguard Newspaper, Asaba, Abirhire Thomas, a member of the Police Force Headquarters media link,  Emenyonu Adibe of Thisday Newspaper, Benin City Edo State and Ese Bobson Ogbakpan, a DelTA State based migration advocate.

 

 

E-signed

 

Ajibola Abayomi,

President JIFORM

 

 

 

 

- Speaker says Nigeria's current challenges should further unite the citizens

 

- Advises President Buhari to act on requests by Southern governors

 

- Expresses belief in a better Nigeria and calls for prayers for the country

 

Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Obasa, has appealed to Nigerians to see the country's current challenges as an opportunity to further unite them saying this is a sure way to national progress.

 

Speaker Obasa made the appeal in a statement on Wednesday to commemorate this year's Eid-el-Fitr celebrated by Muslims across the world.

 

Obasa expressed belief that the security and economic challenges Nigeria is faced with at the moment are a face from which the country would come out stronger.

 

He also advised President Muhammadu Buhari to urgently act on the requests recently made by the Southern Governors Forum as a way to curb rising insecurity in the country.

 

According to the former chairman of the Conference of Speakers of State Legislatures in Nigeria, "President Buhari should not only give a thought to the requests made by the governors, he should also implement them for the country to move forward.

 

Appealing to the citizens of the country not to lose faith and hope, the Speaker said: "This year's Ramadan afforded many of us the opportunity to pray for the country. It is obvious that the country has some challenges.

 

"However, the challenges should not be left to the government alone. Every citizen of Nigeria is important and must play that positive role that would ultimately move the country from where it is now to where we want it to be.

 

"We are a religious set of people and  the religions practised in the country teach us to live in love and peace with one another as well as be our neighbours' brothers and sisters.

 

"More than ever, we have the responsibility to make the country habitable, devoid of criminal elements, and we must be resolute on this."

 

The Speaker congratulated Muslims in Nigeria for witnessing the end of the Ramadan.

 

"Beyond the celebration, let us all endlessly practise the virtues of love, obey the commandments of Allah, ensure a peaceful, progressive and prosperous Nigeria and continue to pray to God for more grace," Obasa urged.

 

Eromosele Ebhomele,

Chief Press Secretary to the Speaker,

Lagos State House of Assembly.

 

Sarah Joshua, daughter of popular Nigerian televangelist, Prophet TB Joshua, has gotten married to her Tanzania husband, Brian Moshi, for the third time in Arusha.

According to The Citizen, the couple tied the knot on Saturday, May 8, 2021 at a Catholic Church located at Unga Ltd in Arusha, followed by a grand ceremony held in at the Arusha International Conference Center (AICC).

This is the third marriage ceremony for the couple who first got married in Nigeria at the Pentecostal Church and later in Dubai, United Arab Emirates (UAE) before the latest one which happened over the weekend in Arusha, Tanzania.

Father Festus Mangwangi, who presided over the marriage, described their union as a hybrid marriage in which one retains his or her religion, but the children born in the wedlock will become members of the Catholic Church.

The Priest said that before the marriage was solemnized, the bride and groom signed a prenuptial agreement and later received the blessings of the Catholic Church.

He says two previous marriages were conducted in two different countries, a civil marriage and a formal marriage of the Pentecostal Church that the bride has been worshiping.

Father Mangwangi said the groom, who is a Catholic, saw the need to follow the Catholic tradition and then came to the country and asked to be remarried after the parties had agreed.

“This marriage is recognized by the Catholic Church as a hybrid marriage where each one remains with their religion but the children will be Catholics,” he said.

It was gathered that hundreds of Arusha residents turned up at the AICC conference hall where a grand party that took place.

The wedding was attended by Prophet TB Joshua’s wife and his relatives from Nigeria alongside the groom’s family.

The groom, Brian is a businessman in the tourism industry whereas Sarah the bride is a lawyer.

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