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http://ift.tt/eA8V8J …Power, oil firms owe N41bn By Michael Eboh The  volatility in the petroleum industry has continued to affect Nigerian banks negatively and if not addressed systematically and urgently, it might push the sector to the brink of another crisis. Specifically,  the  cumulative non-performing loans of power, oil and gas companies, in the books of Zenith Bank Plc rose to N41.49 billion as at the end of 2016, accounting for 58.14 per cent of the bank’s total non-performing loans (NPLs). Giving a breakdown of its total non-performing loans in the energy sector, the bank, in its Annual Reports and Accounts for 2016, stated that oil and gas firms cumulative NPLs stood at N10.82 billion as at the end of December 2016, while power firms’ NPLs stood at N30.676 billion. The 2016 figure represents a sharp increase in the energy industry’s non-performing loans in the books of the bank. In particular, total NPLs for the energy sector in Zenith Bank stood at N1.7...

http://ift.tt/eA8V8J BY NDAHI MARAMA, MAIDUGURI Two thousand and forty four homes have so far been reconstructed in Damasak, headquarters of Mobbar Local Government Area of Borno state formerly occupied by Boko Haram insurgents. The insurgents had destroyed one hundred and one thousand homes in Mobbar out of the 150,585 homes in the council. Majority of the over 100,000 houses destroyed are in Damasak and some villages near the headquarters. The world Bank,  European Union, the Presidency and state governments in the six states making up the northeast, undertook recovery and peace building assessment on extent of insurgent destructions in all local government areas in the six states. The list of houses so far reconstructed was announced when Governor of worst affected Borno State, Mr Kashim Shettima visited Damasak on Wednesday. Mr Babagana Umara Zulum, Borno’s Commissioner for Reconstruction, Rehabilitation and Resettlement of insurgency victims told Mr Shettima what his mini...

http://ift.tt/2qkuySl ….Let’s renew folklore culture Adebule advises Olayinka Latona Lack of parental care especially mentoring has been described as one of the factors responsible for moral decadence, juvenile delinquency and corruption particularly among youths in the country. This was the submission of various speakers at Breach Repairers’ National Parenting Conference held at The Guiding Light Assembly, Lagos with the theme: “Critical Rescue 2017”. It was argued that what parents and stakeholders put into children, is what they get in return and as such there was an urgent need to rescue the recent crop of children and youths from destruction. The guest speakers which included wife of the Vice President, Mrs. Dolapo Osinbajo; The Lagos State Deputy Governor, Dr Idiat Adebule said there was need for a critical rescue in parenting the Nigerian child and the need for an overhaul in the upbringing of Nigerian children in every aspect and not just in education. Speaking on the re...