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    Oshiomhole Complains over Denied Boarding at Airpeace

    Oshiomhole Complains over Denied Boarding at Airpeace

    President Bola Tinubu has cancelled the national broadcast initially planned for Thursday morning to mark Nigeria’s Democracy Day on June 12. A brief statement released Wednesday by the Office of the Secretary to the Government of the Federation (OSGF) had earlier announced the President’s intention to address the nation. However, a later update from the same office confirmed the cancellation. The notice, signed by Segun Imohiosen, Director of Information and Public Relations at the OSGF, explained that the broadcast was shelved due to President Tinubu’s scheduled participation in the Joint Session of the National Assembly on Democracy Day.

    President Tinubu Cancels National Broadcast on Democarcy day

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    We Warned Him Several Times to Stop Beating His Wife, But He Did Not Stop Until He Killed Her — Father

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    BBNaija: “She’s throwing up” – Zion’s girlfriend, Chinwe vomits, fuels pregnancy speculations

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    Bbnaija: Sooj And Nelly Caught Kissing In The Bathroom (Video)

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    Oshiomhole Complains over Denied Boarding at Airpeace

    Oshiomhole Complains over Denied Boarding at Airpeace

    President Bola Tinubu has cancelled the national broadcast initially planned for Thursday morning to mark Nigeria’s Democracy Day on June 12. A brief statement released Wednesday by the Office of the Secretary to the Government of the Federation (OSGF) had earlier announced the President’s intention to address the nation. However, a later update from the same office confirmed the cancellation. The notice, signed by Segun Imohiosen, Director of Information and Public Relations at the OSGF, explained that the broadcast was shelved due to President Tinubu’s scheduled participation in the Joint Session of the National Assembly on Democracy Day.

    President Tinubu Cancels National Broadcast on Democarcy day

    NOUN not inferior

    NOUN not inferior to other Universities – OBJ

    We Warned Him Several Times to Stop Beating His Wife, But He Did Not Stop Until He Killed Her — Father

    We Warned Him Several Times to Stop Beating His Wife, But He Did Not Stop Until He Killed Her — Father

    Women Live Longer Than Men In Marriage Because Of This” — Ademola

    Women Live Longer Than Men In Marriage Because Of This — Ademola

    Eldia to drop New Single | Deep Waters

    Eldia to drop New Single | Deep Waters

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
    • TrendingHOT
    • BBNAIJA
    • School News
    • JAMB 2025 WHATSAPP GROUP!
  • Music
    Download Davido – With You Ft. Omah Lay

    Download Davido – With You Ft. Omah Lay

    Download Kizz Daniel – Titi Ft. FOLA

    Download Kizz Daniel – Titi Ft. FOLA

    Download Kizz Daniel – Titi Ft. FOLA

    Download Kizz Daniel – Black Girl Magic

    Download Kizz Daniel – Secure Ft. Zlatan

    Download Kizz Daniel – Secure Ft. Zlatan

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    • Download Naija music
    • Timaya gratitude album
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    Their fans should be disapointed – Parker predicts PSG vs Arsenal second leg

    Champions League: Their fans should be disapointed – Parker predicts PSG vs Arsenal second leg

    Guardiola rules Haaland out for up to seven weeks

    Guardiola rules Haaland out for up to seven weeks

    UEFA helped Real Madrid beat Atletico –Diego  Simeone

    UEFA helped Real Madrid beat Atletico –Diego Simeone

    Haaland Becomes Fastest player to hit 100 goals

    Haaland Becomes Fastest player to hit 100 goals

    2,056 athletes to participate in MTN Champs season 3

    2,056 athletes to participate in MTN Champs season 3

    Champions League: What I told Liverpool players after PSG knocked us out – Van Dijk

    Champions League: What I told Liverpool players after PSG knocked us out – Van Dijk

    I regret letting you go – Guardiola tells ex-Man City star Jesus Navas

    I regret letting you go – Guardiola tells ex-Man City star Jesus Navas

    Rooney sacked as manager of Plymouth

    Rooney sacked as manager of Plymouth

    5 Chelsea Players leaving January - Maresca

    5 Chelsea Players leaving January – Maresca

    Trending Tags

    • ManchesterCity
    • Manchester united
    • football Latest News
    • premier league news
    • English Premier league
    • Manchester city Vs Manchester united
    • Manchester vs Wolverhampton
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    • Manchester city vs Arsenal
    • Newcastle United Vs Manchester city
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    BBNaija Tacha dazzles in new photos (VIDEO)

    BBNaija Tacha dazzles in new photos (VIDEO)

    Bbnaija Tacha buys a football clup

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    BBNAIJA Pete Opens up shocking secret about Pastor Chris Oyakhilome

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    Zinwe has been evicted

    BBNaija Update: Zinwe has been evicted

    #BBNAIJA2024: Wanni - Double kay will be excited today

    #BBNAIJA2024: Wanni – Double kay will be evicted today

    BBNaija: “She’s throwing up” – Zion’s girlfriend, Chinwe vomits, fuels pregnancy speculations

    BBNaija: “She’s throwing up” – Zion’s girlfriend, Chinwe vomits, fuels pregnancy speculations

    Bbnaija: Sooj And Nelly Caught Kissing In The Bathroom (Video)

    Bbnaija: Sooj And Nelly Caught Kissing In The Bathroom (Video)

    Tami become first housemates to be evicted in Season 9

    Tami become first housemates to be evicted in Season 9

    Nelita

    Meet all 14 pairs, 28 housemates in BBNaija season 9

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Latest News » Britain » Coronavirus crisis forces UK banks to axe billions in payouts

     
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Coronavirus crisis forces UK banks to axe billions in payouts

Naijamixedng by Naijamixedng
April 1, 2020
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Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of England requested the move to boost liquidity and help cope with the coronavirus crisis.

The British central bank said in a statement that it’s Prudential Regulation Authority division had asked lenders to stop the payments until the end of the year.

Britain’s top banks have enough capital to weather severe recessions in both Britain and globally, as markets brace for a potentially huge downturn driven by the COVID-19 outbreak, according to the regulator.

“Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that banks need to play in supporting the wider economy through a period of economic disruption, alongside the extraordinary measures being taken by the authorities,” it said.

The UK lenders have become the latest corporate giants to scrap dividends as big global businesses scramble to save cash and safeguard against worsening virus turmoil.

The news, combined with the worsening COVID-19 crisis, sent banking shares tumbling on London’s benchmark FTSE 100 index, which sank three percent overall in early morning deals.

“UK banks, as many businesses across the world, are scrapping dividends due to an increased need of cash to survive the coronavirus crisis in the short run,” said Swissquote Bank analyst Ipek Ozkardeskaya.

“Even if we may see a negative knee-jerk reaction from investors, the decision to hold onto the cash is the right one from a medium- and long-term perspective.

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