Senator laments over Central Bank policies on domiciliary accounts, forex

The Central Bank of Nigeria has reviewed upwards the minimum loan-to-deposit-ratio (LDR) for banks in the country from 60 to 65 per cent. The new directive comes just after the closure of September 30th deadline set by the regulator for banks to meet the 60 per cent loan-to-deposit-ratio. Meanwhile, oil prices steadied today although gains were capped as weak economic readings in the United States depressed global markets. Research Analyst at Financial Derivatives, Funmi Adebowale joins CNBC Africa for more.

In a bid to improve cotton production capacity in Nigeria, Central Bank of Nigeria (CBN) this week approved a fresh loan of N19.2 billion to fund nine cotton processing plants in the country. President of the National Cotton Association of Nigeria, Anibe Achimugu joins CNBC Africa to discuss what this fund means for Nigeria’s cotton industry.

Why Saraki led Senate rejected Buhari's 2016 loan request - Ahmad Lawan

Tesla's stock price has continued a strong finish to a turbulent 2019 on the back of a Reuters report suggesting the company secured major financing from China for its first overseas plant in Shanghai.

After five futile attempts at impregnating Huan Huan, a female panda loaned to French zoo Beauval by China, her enthusiastic but ineffective partner Yuan Zi has had to step aside. Huan Huan has now been artificially inseminated, leaving Yuan Zi, who "does not have enough experience yet" according to the head vet at the zoo, to hope for better next time round.

President Bukele and troops entered parliament on Sunday to demand a loan to better equip the military and police. But the opposition party, FMLN, remain skeptical and have described his actions as those of a dictator.

Here is why you should pick up a copy of The Guardian on Friday Find these stories and much more when you grab a copy of The Guardian on the newsstands on Friday.⁣⁣⁣⁣ ⁣⁣⁣⁣ Outrage as Senate introduces bill to create agency for repentant Boko Haram members⁣⁣⁣⁣ ⁣⁣⁣⁣ Buhari preaches family values at Abuja retreat⁣⁣⁣⁣ ⁣⁣⁣⁣ EFCC arrests son of former Kogi governor for alleged fraud⁣⁣⁣⁣ ⁣⁣⁣⁣ $500 million loan for Media City and not NTA upgrade alone – Lai Mohammed⁣⁣⁣⁣ ⁣⁣⁣⁣ Customs to close supermarkets, shops selling foreign rice, others⁣⁣⁣⁣ ⁣⁣⁣⁣ Met Police arrests suspect in London Mosque stabbing⁣⁣⁣⁣ ⁣⁣⁣⁣ Dutch government returns stolen 18th-century 'precious crown' to Ethiopia⁣⁣⁣⁣ ⁣⁣⁣⁣ Roger Federer to miss French Open after knee surgery but confident of recovery for Wimbledon⁣⁣⁣⁣ #Tomorrow'sNewsToday #News #Coronavirus ------------------------------------------------------------------------------------------------------ ✔ Subscribe to The Guardian on YouTube: https://www.youtube.com/c/GuardianNigeriaOfficial ✔ Read more news on The Guardian: https://www.guardian.ng/ Follow The Guardian Nigeria on Social Media: ► Follow on Twitter: http://www.twitter.com/guardiannigeria ► Like on Facebook: http://www.facebook.com/guardianng ► Follow on Instagram: http://www.instagram.com/guardiannigeria⁣

The Central Bank of Nigeria (CBN) and commercial banks in the country came under fire yesterday over disparities in deposit and lending rates obtainable in their offices. The upper legislative chamber lamented that interest rate on loans operated by commercial banks and approved by the CBN remained one of the highest in the world. Angered by the development, the Senate mandated its Committee on Financial Institutions to investigate and report back its findings to enable it take a definite position on the matter.

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The Minority Leader, Senator Enyinnaya Abaribe was among the voices in the senate who asked for the executive to make details of $22.7b loan known before its was approved on Thursday.

The South-East National Assembly Caucus, Thursday protested the exclusion of all the five states in the zone in the list of beneficiaries of the $22.79 billion foreign loan approved for the federal government by the Senate last week.

Here is why you should pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on the newsstands on Thursday⁣⁣.