Standard and Poors (S&P), a global rating agency has affirmed its ‘B-/B’ long- and short-term issuer credit ratings on Ecobank Nigeria. This implies that the Bank currently has the capacity to meet its financial commitment on obligations despite the adverse business, financial, and economic conditions prevalent in the country. However, the agency stated that Further potential depreciation of the naira could undermine the bank’s regulatory capital adequacy ratio (CAR), given its thin capital buffers. Therefore, “we revised the outlook to negative from stable and affirmed our ‘B-/B’ ratings on Ecobank Nigeria,” it stated. The Rating agency had in its recent…
Author: Oluwatoyin Mathnuel
A Federal High Court sitting in Lagos has dismissed a suit filed by former Chairman of Nigerian Bar Association, Section on Public Interest and Development Law, NBA-SPIDEL, Dr Monday Ubani seeking to stop the army, police and other security agencies from proliferating the Lagos-Southeast routes with roadblocks, National Association of Online Security News Publishers, NAOSNP can report. Ubani had dragged the Attorney-General of the Federation, Inspector-General of Police, Comptroller General of Customs, Chief of Defence Staff, Corp Marshal of the Federal Road Safety Corp before the court seeking a declaration that the proliferation of intra-state and highways with road…
The Lagos State Police Command has said that a travel advisory about an increase in kidnapping incidents along Gbagada Expressway, making the rounds on social media, and purportedly emanated from its office, is not true, and not from the Command. Debunking the fake news in a statement signed by the Police Public Relations Officer, SP Benjamin Hundeyin, which was made available to the National Association of Online Security News Publishers (NAOSNP), the Command insisted that no such security alert was issued by them. It however, acknowledged the concerns raised in the alert, and quoted the Commissioner of Police, AdegokeFayoade as…
The Commandant of Nigeria Security and Civil Defence Corps (NSCDC), Federal Capital Territory (FCT) Command, Olusola Odumosu has charged officers and men of the Command to engage in active intelligence gathering to tackle the current security challenges in the territory, National Association of Online Security News Publishers, NAOSNP can report.He gave this charge during a briefing with personnel at the Command’s headquarters, Wuse, Zone 5, Abuja.Odumosu said “the criminals are not ghosts, they are members of the various communities we live in.”We must therefore intensify efforts by fully activating our intelligence architecture to identify them and ensure they are brought to…
Lagos State Governor, Mr. Babajide Sanwo-Olu, has directed Lagos State Real Estate Regulatory Authority-LASRERA to commence an investigation into a viral video clip made by one Mr Kayode Oladipo about 20 plots of lands he supposedly bought in 2017 from a Property Company, RevolutionPlus without any physical allocation of the said plots.In a press statement e-signed and released to the National Association of Online Security News Publishers, NAOSNP by the Spokesperson of Lagos State Real Estate Regulatory Authority, LASRERA, Adeoti Sobowale stated that, “Following the Governor’s directive, the Lagos State Commissioner for Housing, Hon. Moruf Akinderu-Fatai, Special Adviser to…
The Commissioner of Police, Lagos State Command, CP Adegoke Fayoade, mni today played host to the Nigerian Medical Association (NMA) Lagos Chapter led by Dr Benjamin Olowojebutu at the Police Command Headquarters in Ikeja, National Association of Online Security News Publishers, NAOSNP can report.The meeting was aimed at mapping out workable plans towards enhancing the health and wellbeing of police officers within the Command. CP Fayoade had upon assumption of duty issued a ten-point strategic roadmap, one of the points being “partnership with the health sector to ensure the continuous wellbeing of officers for healthy and quality service delivery.”Dr. Olowojebutu…
Operatives of the Lagos State Traffic Management Authority (LASTMA) and Officials of the Lagos State Ambulance Service (LSAMBUS) today jointly rescued a male accident victim on Anthony-Oke Bridge inward Gbagada area of Lagos. The Director, Public Affairs and Enlightenment Department of LASTMA Mr. Adebayo Taofiq confirmed that the rescued accident victim sustained serious internal injuries during a multiple accident which involved 3 vehicles including a mini bus. Preliminary investigations revealed that the driver of a ‘Suzuki’ mini bus (EKY 299 YC) while on a top speed struggling right of way (R.O.W) with other vehicles developed brake failure and rammed into…
In a continued effort to rid FCT of Criminality, Police Operatives attached to Iddo Divisional Headquarters on Sunday 21st January, 2023, at about 1130hrs rescued another kidnapped victim, one Suleiman Sabo ‘m’, from Kidnappers in Sauka, along Airport Road, Abuja, National Association of Online Security News Publishers, NAOSNP can report.In the rescue operation, one Muhammad Abel ‘m’ aged 32 from Kogi state was equally apprehended and one (1) LAR rifle with ten (10) rounds of life ammunition recovered from him.The victim who sustained some injuries from the kidnappers, is currently receiving medical attention, and would be reunited with his family…