Here are the major headlines for Saturday, July 30, 2016

* Police officer feared dead during youth protest

* PDP made mistakes for 16 years in power – Dokpesi
* Militants’ attacks : Hotels shut down in Lagos, as residents flee in Ogun
* Why most women are not sexually satisfied
* Police rescue another chained child in Ogun as culprit flees
* Bakare flays Northern elders opposing restructuring
* Man cuts off wife’s hand over alleged adultery in Abia
* FG, NFF absent at Keshi’s burial, as Eguavoen eulogizes late coach
* We kidnapped Sierra Leonean envoy to raise money for Sallah
* Rising interest rate will worsen Nigerian banks’ woes – Fitch
* FG pays 70 construction companies N63.12 billion, says Fashola
* Skye Bank gets N100 billion CBN lifeline
* Switzerland set to repatriate $321 million Abacha loot
* Red alert : Fresh kidnap scare in FESTAC
* Dogara denies sharing $20,000 each to Appropriations Committee members
* How I refused N405 million money laundering offer by governor – Falana
* Video : Fayose accuses Buhari, says somebody from Ekiti gave him N1.5 million for campaign
* Video : Watch Murtala Muhammed’s bloodless coup against Gowon
* Bandits threaten to attack Lagos community
* Fear grips bank customers in Enugu
* Military onslaught against pipeline vandals continues in Lagos, Ogun
* PDP faults Obiano’s claim on agriculture exploits
* ExxonMobil profits plunge on low oil prices
* How breastfeeding alters maternal metabolism, protects against diabetes for up to 15 years after delivery
* Okorocha wants pay cut for workers, proposes 3 work days per week
* Controversy trails cancer patient’s appeal find
* 19 militants killed in Lagos/Ogun military bombardment
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Alert: Naira Gains A Massive 5% Against the Dollar

The exchange rate rebounded on Friday to close at N308 at the official interbank market. The local currency gained about 5.2% reversing the N325 it closed with on Thursday. According to reports, the gains was mostly due to a sale of forex by the Central Bank of Nigeria providing enough liquidity to meet the demand currently in the market. The naira has closed at an all time low of N364 to the dollar on Thursday following a surge in demand. The central bank has been selling dollars almost daily to boost liquidity and support the naira. Join our BBM channel for instant updates : C0030863D

Collapsed banks in Ghana recovered only $142 million out of $2 billion loans, Bank of Ghana Governor reveals.

The Governor of the Bank of Ghana, Dr Ernest Addison says out of the $2 billion (GHS10.1 billion) worth of loans taken by the receivers of some nine banks which collapsed in the country, only $142 million (GHS731 million) has been received. The Governor of the Bank of Ghana (BoG), Dr Ernest Addison The nine banks were UT Bank, Capital Bank, Sovereign, Unibank, Construction Bank, The Royal Bank, Heritage Bank, Premium Bank and Beige Bank. According to him, the receivership process has been painstakingly slow with other loan defaulters and shareholders of the defunct banks engaging in frivolous legal cases to sabotage the process. “The process has progressed slowly as out of the total loans of $2 billion (GH¢10.1 billion) taken over by the Receivers, total recoveries so far is in excess of $142 million (GH₵ 731 million) and this has been achieved through loan repayments by customers; repayment of placements; sale of vehicles; liquidation of bonds; and from...

SEC to end issuance of e-dividend warrant by June 2017

The Securities and Exchange Commission (SEC), has directed all registrars operating in the Nigerian capital market to end the issuance of e-dividend warrant to investors by June 31, 2017. This, according to the commission, will compel retail investors to embrace the exercise and stem the rising unclaimed dividend in the capital market, which is currently put at N80 billion. E-dividend is an electronic dividend payment which will enable an investor’s account to be credited after 24 hours that dividend is paid. The Director General of SEC, Mounir Gwarzo, while addressing journalists during the post Capital Market Committee (CMC), second quarter press briefing, held in Lagos yesterday, bemoaned the low level of patronage on e dividend registration in the market, noting that only 6,000 investors have accessed the platform. To encourage more participation in the exercise, the SEC boss explained that the CMC has agreed that all banks should...

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