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Rewane A natural consolidation in form of mergers and acquisitions is likely in the Nigerian banking sector, economic and financial experts have predicted. They said with the myriads of challenges facing the nation’s economy, some banks were likely to experience some challenges that could only be resolved by mergers and acquisitions. The Chief Executive Officer, Financial Derivatives Limited, Mr. Bismarck Rewane, said the economic storm gathering over the country might lead to a shake-out in the banking sector. This, he said, was better than having a situation where a bank would collapse. Speaking about the ongoing economic crisis and the spate of non-performing loans, Rewane said, “It will affect their profitability initially and eventually it is going to affect their liquidity and solvency. “Because of the squeeze in profitability, there will be a natural consolidation and a shake-out.” He, however, expressed the hope that the Federal Government’s stimulus packag...

Tokyo has elected its first female governor, the Arabic-speaking environmentalist and North Korea hawk Yuriko Koike. A former Japanese defense minister, the 64-year-old received over a million votes more than her nearest rival, Hiroya Masuda, who was backed by Prime Minister Shinzo Abe's ruling Liberal Democratic Party. She formerly broke the glass ceiling with her prior cabinet appointment.

Boboye Oyeyemi, Corps Marshal, FRSC The Federal Road Safety Corps has said the cost of driving licence remains N6,350 and does not expect any driver to pay more than the amount to obtain any licence whose expiry period is three years. It said no price increase had been announced, adding that a five-year duration was only added to the three-year driving licence with a cost of N10,350 to give motorists a new option. The Corps Marshal/Chief Executive Officer, FRSC, Mr. Boboye Oyeyemi, gave the indication while speaking at a workshop in Lagos and warned motorists not to patronise touts. He described the action of driving with a fake driving licence as a serious offence. “We have not increased the cost of processing the driving licence. It remains N6,350. What we have done is to give people the option of taking either for three years or five years. The five-year driving licence is available at N10,350,” he said. Oyeyemi also said the corps would come hard on violators of speed ...

Nigerian air force fighter jet       Copyright: The Punch Pilots of the Nigerian Air Force fighter jets have destroyed the four major camps of suspected militants, who are said to be armed pipeline vandals at Arepo, Ogun State, on the fourth day of the sustained aerial attacks on the hoodlums in the area. The Director of Information and Public Relations of the NAF, Group Capt. Ayodele Famuyiwa, told  The PUNCH  on the telephone on Sunday that the NAF was intensifying aerial operations during the day and the night to dislodge the militants terrorising riverside communities of Ogun and Lagos states. Famuyiwa said the NAF was carrying out sustained operations against the vandals to prepare the stage for the ground troops to move in and get rid of the gunmen. Investigation revealed that the fighter pilots of the NAF had carried out successful strikes on the two major camps in the Fatola and Abuja and two other areas. Famuyiwa said the embattled mili...

The Church of Nigeria (Anglican Communion) has called on the Federal Government to take urgent actions to “disarm all Fulani herdsmen ravaging the country.” The church, which premised its demand on the need to stem the wave of attacks and killings of harmless farmers in the country, also called on the Christian Association of Nigeria to map out strategies to curb the killings of Christians in the country. The position of the Anglican Church was contained in a communique on Sunday by Bishop Rev. Duke Akamisoko after the second session of the third synod held at St. Bartholomew’s Cathedral, Kubwa in Abuja. The church expressed disappointment with the prevalent attacks on farming communities by the herdsmen in different parts of the country, stressing that the situation was inimical to Nigeria’s desire to promote agriculture. Akamisoko said, “The Synod notes with dismay the prevalent attacks on farming communities by Fulani herdsmen in different parts of the country and demand ...

Nwakoby First City Monument Bank Plc says its official, Olisa Nwakoby, who committed suicide on Friday in front of Our Lady Star of the Sea Catholic Church in Lekki, Lagos State, had personal challenges and became frustrated. The bank, however, noted that neither the management nor colleagues of the deceased were aware of the challenges, adding that it was working with Nwakoby’s family and the police to unravel the nature of the challenges. Forty-four-year-old Nwakoby, said to be the manager of the bank’s branch in Lekki, shot himself in the head over a bad debt estimated at N350m on Friday.The deceased was said to have given out the sum as loan to a bank customer, who allegedly failed to service the loan. He was reportedly under pressure from the bank’s management to repay the loan and became frustrated as he could not meet the demand. But the Acting Group Head, Communications and Brand Management of the FCMB, Lola Egboh, who spoke with our correspondent on the telephone ...

Check out Facebook's CEO Mark Zuckerberg grinding through the miles in the San Francisco marathon today, His Nigerian homebody, Ime Archibong, can't help but grin and encourage him with a fist bump. Yes. You can do it Mark!

WikiLeaks founder Julian Assange is boasting about how his group's release of hacked Democratic National Committee emails is affecting the US presidential election -- and says it has unreleased information about Hillary Clinton's campaign. "We have more material related to the Hillary Clinton campaign," Assange told CNN's Anderson Cooper on "Anderson 360" Friday night. "That is correct to say that." Assange has been coy about how WikiLeaks came into possession of internal Democratic party cyber information. The FBI and Justice Department are investigating a computer hack of Democratic nominee Clinton's presidential campaign in addition to its examination of intrusions of other Democratic Party organizations, two law enforcement officials told CNN. The revelation comes just days after the leak of thousands of Democratic National Committee emails -- US officials allege Russian hackers -- prompted major turmoil within the party, caus...

To Instagram Another day, another beauty pageant scandal.  Miss Universe Honduras  Sirey Morán  was stripped of her crown and title, and she will not be able to participate in this year's Miss Universe pageant. The announcement came later this week as the organization claims that she had not complied with her contract, according to  LatinTimes . After that, things got a little crazy.  Of the incident outlined below, she issued the following statement to E! News: "It is very unfortunate this has happened and I am very disappointed and hurt, violence is never the answer. I am working with proper authorities here in the United States and Honduras and I am confident in how they are handling this situation for me." Morán didn't stay quiet and quickly fired back at  Carlos Rivera , the director of Carimaxx, which is the organization that has the rights to the pageant in Honduras. Photos: Mi ...

Lt. General Alani Akinrinade served in various capacities in the Nigeria Armed Forces, as the Chief of Army Staff (COAS) from October 1979 to April 1980. He was also Chief of Defence Staff until 1981, during the Second Republic. He was later appointed Minister of Agriculture, Water Resources and Rural Development (1985–1986), Minister of Industries (1988 – 1989) and Minister of Transport (1989); he later became a member of the National Democratic Coalition (NADECO), a pro-democracy group, during the Sani Abacha regime. What’s your take on Buhari’s statement that the 2014 National Conference report is best for the archives?  At first, I wanted to believe that he was misrepresented, and that it was not the vein in which he meant what the media reported. But as time went, even his Vice, Prof. Yemi Osinbajo, said something almost to that effect: that the country doesn’t need restructuring, but diversification. The APC’s National Chairman, John Odigie-Oyegun, also said something ...

New couple alert? Nick Cannon  and TLC's  Rozonda "Chilli" Thomas  are "hanging out," a source  tells  E! News. "Nick and Chilli [have] been hanging out on the low. [They've] been friends for some time and just recently this summer they have been hanging out romantically," the source reveals. Cannon added more fuel to the romance rumors on Thursday during an interview with E! News at the Los Angeles premiere of the documentary  Gleason . When Chilli was mentioned Cannon said, "She's amazing. She's an outstanding person but you gotta ask her what's going on." What else did Cannon  reveal  about his personal life? E! News

Odom (left) goes partying again Instagram It's been, to say the least, an eventful week for  Lamar Odom . The former athlete  was reportedly removed from a flight  out of LAX to JFK Monday evening, but by Tuesday, he'd arrived on another flight  in his native Queens, New York.  "He came to get his confidence back," a friend of Lamar's told E! News. "He's been through a lot this past year...He wanted to feel like himself again." His return to the East Coast has, so far, included several visits to local strip clubs. On Thursday, Lamar and a few guy friends were at a restaurant called Made in Mexico from 11 p.m. until around 2 a.m., a source confirmed to E! News. From there, walked to Playroom Lounge uptown, where an onlooker noted he "was very friendly and took pictures" with fans as they approached him. At the end of the evening, Lamar and his friends went to a pal's home in Queens. Lamar visited another strip club, Fa...