Business
‘Ember Months: FRSC Reassures On Travellers’ Safety
The Federal Roads Safety
Corps (FRSC) has said that the command would ensure that roads were safe for travellers during the ‘ember months’ period.
FRSC Rivers State Sector Commander, Andrew Kumapayi stated this in Port Harcourt, while speaking to newsmen.
Kumapayi said the command has began rallies and enlightenment campaigns in motor parks, mosques, churches and other public places to enlighten people about road safety.
He promised that FRSC officials will also be on the ground to check cases of drunk driving and over speeding, amongst others.
According to him, the campaigns would be intensified and sustained throughout the ember period with a view to ensuring compliance to rules and regulations on the highway by motorists.
He also said that the Command would ensure that vehicle owners are made to comply on the use of the speed limit device and the need for drivers to cultivate the habit of using good tyres.
“We are consolidating our campaign on the speed limit device and good tyre usage.
“We are carrying the campaigns to motor parks, shopping malls, churches, mosques and other public places”, he said.
According to him, the move intends to sensitise the motoring public on the need for them to drive safely in this ‘ember months’ period.
And again, he explained, that the Command have been paying visits to the motor parks to conduct alcohol tests for drivers to ensure that the drivers plying on the road are safe and sound so that we will not record any road accident in this period, he said.
The State sector commander further explained that the strategy the corps was using during the ember months period was aimed at enforcement of public education.
The Tide reports that ember months refer to the last 4 months of the year, which are September, October, November and December.
There is an unscientific and superstitious belief that accidents occur more during these months as compared to others.
Business
Private sector gets N2.2tr credit in 30 days — CBN
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
Business
Solar Power: Host Communities Trust, Partner PIND To Light Up Ikwerre Communities
Business
NDDC Intensifies Women Empowerment Initiative Across Niger Delta
