BREAKING NEWS: CBN DIRECTS BANKS TO RESTRICTS BANKING SERVICES TO ALL LOAN DEFAULTERS

BREAKING: CBN directs banks to restrict banking services to ALL loan defaulters

The Central Bank of Nigeria (CBN) has asked commercial banks to restrict loan defaulters, specifically large-ticket obligors, from accessing credit facilities.

A large ticket obligor is a borrower (an individual or company) that owes a very large amount of money to a bank.

Comments

Post a Comment

TRENDING ON RWGBLOG NEWS

NOT HAVING S£X FIVE TIMES A WEEK CAN LEAD TO MENTAL DISORDER

Image
Claims circulate online suggesting that not having sex several times a week can lead to mental disorders. However, scientific research does not support a specific number or frequency of sexual activity required for mental health. What studies do show is that positive physical intimacy and emotional connection can influence mood through the release of certain brain chemicals. During intimate moments, the body may release Dopamine, Serotonin, and Oxytocin, which are associated with pleasure, emotional bonding, and stress reduction. These neurochemicals interact with the brain’s Reward System, which plays a role in motivation, mood regulation, and feelings of wellbeing. Because of this, healthy relationships and emotional closeness can contribute to improved mental wellbeing. However, mental health is influenced by many factors, including sleep, stress, social support, genetics, and lifestyle. There is no medical guideline stating that a certain number of sexual encounters per...
Continue Reading »

OGONI LGA CHAIRMAN ENFORCES MOTORCYCLE RESTRICTIONS OVER FAILURE TO COMPLY WITH LGA REGISTRATION

Image
The Khana Local Government Area has reaffirmed that the restriction on motorcycle operations between 6:00 a.m. and 8:00 p.m. remains fully in effect, urging all commercial motorcycle operators to comply with the existing directive until further notice. According to a statement issued by Barry Neemana, Director of Press and Public Communications, the Executive Chairman had earlier met with motorcycle operators and clearly stated that the restriction would only be lifted after the complete registration of all commercial motorcycle riders in the area. The council also emphasized that all registered operators must wear approved identification vests, while the identification numbers on the vests must correspond with the numbers assigned to their motorcycles. The statement further clarified that contrary to circulating reports, the restriction has not been extended to 10:00 p.m., stressing that the approved operational hours remain unchanged. Residents and motorcycle operators we...
Continue Reading »

I THREATENED MY STAFF TO STOP GOING TO CHURCH OR ELSE I WILL SACK HIM, BUT HE QUIT INSTEAD

Image
Veteran Yoruba Nollywood actor Ladi Folarin has opened up about a past decision he now deeply regrets, revealing how it affected both his business and personal reflection on faith. In an interview with FeelRightNews TV, the actor recounted an experience from the time he managed a tea company, where a conflict arose between workplace expectations and an employee’s religious commitment. According to Folarin, he had employed a staff member who was a devoted member of Deeper Life Church. The employee maintained a consistent routine of leaving work every day at 6 p.m. to attend church services. While this practice was important to the worker, it frequently clashed with the demands of the business, especially during periods when supplies needed urgent attention. Folarin admitted that the situation became increasingly frustrating for him. Eventually, his dissatisfaction reached a breaking point, prompting him to confront the employee with a strict ultimatum. He demanded that the w...
Continue Reading »

TOPE AJAYI: NIGERIAN MOTHER OF FOUR GOT $3,470 JOB ABROAD BUT WANTS TO REJECT IT.

Image
My friend got a job of $3470 per month from Nigeria, but she is considering rejecting it because when we did the maths, it would be hard to survive. She has three children under 10 years old, and her husband won't be coming with her. He said he is not interested in relocating yet, that she and the children should go.  Now this is why she wants to reject the offer. For a $3470 pay, that means her take-home after taxes will be around $2850.  In the area that is close to the work location and also a place where she can get support from friends and a good school, the monthly house rent is between $1500 to $1700 for a two-bedroom apartment.  She will have to pay the electricity bill of about $60 per month, water about $20 per month(though you pay it every three months, which will equal to $60), her transportation using the bus will be around $150 per month or more, her phone and Internet bill would be in the $70 to $100 region monthly, Food and groceries could go a...
Continue Reading »

COURT ORDERS SEIZURE OF BENNY HINN MINISTRIES ASSETS OVER UNPAID DEBT

Image
A court reportedly ordered financial action against Benny Hinn Ministries after the ministry failed to pay a marketing company for printing and mass-mail marketing services provided in 2025.  A Texas judge ordered payment of about $144,617.52, plus interest and legal fees. After the ministry allegedly failed to pay, a writ of garnishment was issued, allowing Frost Bank in San Antonio to seize about $159,615.85 plus costs from the ministry’s account.
Continue Reading »

"WE THE NIGERIAN STUDENTS HAVE NEVER HAD IT SO GOOD LIKE THE WAY WE HAVE IT UNDER PRESIDENT TINUBU" - OLADOJA, PRESIDENT ASSOCIATION OF NIGERIAN STUDENTS

Image
The President of the National Association of Nigerian Students (NANS), Olushola Oladoja, has said Nigerian students have never experienced the level of support they are currently getting under President Bola Ahmed Tinubu since the return of democracy in 1999.  Speaking during an interview with various Nigerian news channels, he said:  “NANS, we Nigerian students have never had it so good the way we have it under President Bola Ahmed Tinubu since the inception of democracy in 1999. But this is the first President that decides to give student loan today to go to school. The rates at which students drop out of school because of school fees is no longer there.”  He also highlighted what he described as a youth-friendly approach in governance, particularly in appointments within the administration.  “And I can assure you, if you look at his appointment, this is the first time we’re having a youthful minister as a youth minister in this country. The minister th...
Continue Reading »

"WHEN YOU PAY CONTRACTORS EVERYONE BENEFITS INCLUDING SIDE CHICKS" -- PRESIDENT OF GHANA

Image
President John Mahama has sparked conversation after pointing to the role of “side ch+cks” in the wider flow of money following contractor payments. “When the contractors get paid, they go and buy a Land Cruiser for themselves, car dealers also benefit,” he said. Mahama went further to stress that the spending extends into personal relationships, adding, “And even their spouses, the wives, and the side ch+cks also benefit. Because when they are paid and they get something, they give their wives and side ch+cks, you know, some of the money. In his remarks, Mahama noted that when contractors receive funds, part of that money is often shared beyond official households, extending to romantic partners outside marriage. He stressed that this stream of spending should not be ignored, as it contributes to economic activity in subtle but impactful ways. According to him, once these partners  receive money, it quickly circulates through everyday services supporting businesses suc...
Continue Reading »

"OUR EDUCATION AND ENGLISH ARE GOOD. IF YOU LISTEN TO A NIGERIAN SPEAK ENGLISH, YOU'LL NEED A TRANSLATOR." -- KENYA'S PRESIDENT, WILLIAM RUTO

Image
Kenya’s President, William Ruto, has sparked reactions after comments made during his speech at the Business Insider Africa summit.  His remarks came in response to earlier statements linked to Nigeria’s President, Bola Tinubu, who had spoken on Nigeria’s economic situation while drawing comparisons with other African countries, including Kenya. Tinubu had said:  “The fuel price is biting hard, but look around, let us thank God together that you are better off. Listen to them in Kenya and other African countries, what they are going through.”  Responding, Ruto defended Kenya’s education system and communication standards, stating: “We speak some of the best english in the world. Our education and English is good compared to Nigerians that you will need a translator.”  He further emphasized Kenya’s strength in education and language proficiency, insisting that the country continues to maintain a strong global image in communication and academic standards.
Continue Reading »

JUST IN: OLAKUNLE CHURCHILL'S WIFE REPORTEDLY FILES FOR DISSOLUTION OF THEIR MARRIAGE

Image
Reports reaching us indicate that actress Rosy Meurer has reportedly filed for the dissolution of her marriage to businessman Olakunle Churchill. According to information gathered exclusively by LIB, the filing was made on Monday, April 20. Rosy and Churchill got married in 2021 and are blessed with two children together. Their union came years after actress Tonto Dikeh publicly accused Rosy of having an affair with her then-husband, Olakunle Churchill. Tonto and Churchill got married in 2015 before officially parting ways in 2017. More details are expected to emerge as the story develops.
Continue Reading »

"NIGERIANS HAVE NO CHOICE BUT TO SUPPORT TINUBU'S SECOND-TERM BID IN 2027" - FUBARA

Image
Governor Siminalayi Fubara of Rivers State has said Nigerians have no choice but to unite and support President Bola Ahmed Tinubu for a second term in the 2027 elections. Fubara, who recently joined the All Progressives Congress (APC), made the call while declaring open a meeting of the Southern Nigeria Traditional Rulers Council in Port Harcourt. He also urged citizens to back the President so he can continue implementing his policies for national development. He described President Tinubu as a committed and patriotic leader deserving of another term, expressing confidence in his “Renewed Hope Agenda” and its focus on economic transformation, national security, and balanced development. Fubara noted that the Tinubu administration has recorded notable achievements in the past three years and said he believes even more progress can be made if the President is re-elected in 2027. He added that despite existing challenges in some regions, there is trust in the President’s lead...
Continue Reading »