PUTIN WOOS AFRICAN LEADERS AT SHOWCASE SUMMIT, SAYS RUSSIA IS BETTER PARTNER THAN 'COLONIAL' WEST. (PHOTO).

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 Putin woos African leaders at showcase summit, says Russia is better partner than 'colonial' West President Vladimir Putin told African leaders ​on Wednesday that Russia was their best partner, accusing what he cast as a colonial West of still trying ‌to exploit the continent's resources and using debt to hold back development, Reuters reported. The Kremlin chief was speaking at the third Russia-Africa Summit in Moscow, a two-day event attended by African leaders and government delegations from 48 countries, during which he will hold one-on-one talks with many of the 22 individual African leaders ​attending on everything from trade to security, arms deals and grain supplies. "Africa is increasingly asserting itself as one of the key players in the global economy and politics. However, the emergence of a multipolar world is, of ​course, no easy task; it faces resistance from countries that are not prepared to accept this reality: those who are accustomed to ​thinking i...
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CENTRAL BANK OF NIGERIA,TAKES OVER SKYE BANK TODAY.

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                             Today monday,the Central Bank of Nigeria {CBN},took over Skye Bank after the lender failed to meet the regultor's minimum key liquidity and capital adequacy ratios.The CBN Governor,Godwin Emefiele,disclosed this at a press conference,held at the CBN's head office in Lagos.Emefiele said the apex bank had appointed a new board and management for the bank following the resignation of the Chairman Chief Tunde Ayeni and Management Director/Chief Executive officer Timohy Oguntayo.The rate at which people have started withdrawing their money is alarming i will advice the CBN to assure the Syke bank customers that their money is safe to avoid panic withdrawal that can crash the bank.One more photo below.                                                                                  

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