CBN REVOKES OPERATING LICENSES OF ASO SAVINGS AND LOANS PLC AND UNION HOMES SAVINGS AND LOANS PLC. (PHOTO).

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 CBN Revokes Operating Licenses of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc The Central Bank of Nigeria (CBN) has revoked the operational licenses of two primary mortgage banks, Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing multiple regulatory violations and financial distress. In a press release issued today, the CBN stated that the action was taken under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020 and Section 7.3 of the Revised Guidelines for Mortgage Banks in Nigeria. The move is part of broader efforts to reposition the mortgage sub-sector and enforce compliance with laws and regulations. The affected institutions were found to have breached various provisions, including: - Failure to meet the minimum paid-up share capital requirement for their license category. - Having insufficient assets to cover liabilities. - Being critically undercapitalized, with capital adequacy ratios below the CBN's prudent...
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MOROCCO 2025: FLAMINGOS ADVANCE TO FINAL ROUND OF QUALIFYING SERIES.(PHOTO).

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 Nigeria U-17 women team, the Flamingos defeated the Bantwana of South Africa to 2-0 on Saturday to move into the next round qualifier for the FIFA World Cup.


The team rallied to a 5-1 aggregate win over South Africa in the penultimate round of the qualifying series for this year’s FIFA U17 Women’s World Cup, to reach the final round slated for next month.


Two-goal heroine in the first leg, Harmony Chidi coolly nodded home from an acute angle in the 37th minute, to compound the fixture for the visitors who lost the first leg at home 1-3.


Shakirat Moshood, who scored a goal in the first leg, was the provider from a well-taken free kick on the right. She turned provider again 11 minutes into the second half, when she found Aishat Animashaun, who lifted the ball over and above Samekelise Mthembu into the net for Nigeria’s second.


Zoe October, Thoriso Mphelo, Khmezi Khoza and captain Katleho Malebana impressed in the ranks of the Bantwana, but they could not find a way through the Nigerian defenceline of Hannah Ibrahim, Jumai Adebayo, Philomena Isaiah and Favour Iheagwam.


Victory sprang the Flamingos to the final round of the qualifying race, where they face the winner of the fixture between Botswana and Algeria next month.

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