Military Raids Bayelsa Forest, Uncovers 50+ Illegal Refining Sites
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May 13, 2024
The military’s Joint Task Force, Operation Delta Safe (OPDS), has discovered 50 illegal refining sites in the Biseni forest, Yenagoa Local Government Area, Bayelsa State. Led by Commander Rear Admiral John Okeke, the operation uncovered daily…
CBN Lowers Banks’ Loan-to-Deposit Ratio to 50%
The Central Bank of Nigeria CBN has announced a revision of the loan-to-deposit ratio (LDR) for banks, decreasing it from 65 percent to 50 percent to conform with the prevailing monetary tightening measures. The LDR serves as a gauge of a bank’s…