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The Nigeria Police Force (NPF) says once the Electronic Central Motor Registration (e-CMR) goes into effect, vehicle owners and users will no longer need to carry physical documents as all vehicle documents and information will be available digitally.

The Force Public Relations Officer, ACP Olumuyiwa Adejobi, made this known in a statement posted on X.

“Inspector-General Egbetokun is revolutionizing how we keep our roads safe with the new E-CMR system! Now, no more stopping to check papers – our officers are equipped with cutting-edge tech to verify documents in real-time.

With the NPF’s new E-CMR system, you don’t need to carry around physical documents. Access all your vehicle info digitally – quick, easy, and secure.

If your vehicle is registered with the NPF E-CMR and gets stolen, you can instantly flag it as stolen through your online profile. All field officers nationwide will be alerted within seconds. Let’s make our roads safer together,” he said.

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Shares of TD Bank Group (TD) rose Thursday after announcing a succession plan for Chief Executive Officer (CEO) Bharat Masrani, who plans to retire in April 2025.

Raymond Chun, head of the company's Canadian personal banking operations, will be elevated to the role of Chief Operating Officer (COO) on Nov. 1, reporting to Masrani, and take over the top role once Masrani retires next spring. The bank said Masrani will work as an advisor to the bank through October 2025 before officially retiring after nearly 40 years with the company.

"I am honoured by the trust our Board has placed in me," Chun said. "TD is a critical part of our financial system and economy, and directly supports the financial goals of millions of households and businesses, and the aspirations of communities across Canada, the U.S. and globally."

Masrani said the current investigations into the anti-money laundering practices of TD and other banks—which are alleged to have failed to prevent the crime in the U.S.—"took place on my watch as CEO and I take full responsibility." The bank has said it expects to be penalized for its violations, and has set aside billions to deal with fines and other costs.

TD Bank shares were up 2.6% to $64.20 Thursday afternoon. They are little changed on the year.

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The Minister of Information and National Orientation, Alhaji Mohammed Idris, has said that the Federal Government is determined to tackle the current hardship faced by Nigerians through agriculture.

Speaking at a town hall meeting in Kaduna on Thursday, September 19, the minister said president Bola Ahmed Tinubu allocated N362.94 billion to the Agricultural sector to ensure the disbursement of enough fertilizers to farmers across the 36 states.

The move, he said, will boost agricultural yield by putting in place adequate irrigation structures that will facilitate year-round food production.

According to him, “Mr. President is quite aware of current hardship the good people of Nigeria are facing, especially in the area of high cost of food, which has been in geometric galloping in recent times.

The government is determined to address the ongoing hardships faced by our people. That is why N362.94 billion has been allocated to the agricultural sector, ensuring the distribution of sufficient fertilizers to farmers across all 36 states to boost crop yields. Adequate irrigation systems are also being established through the Ministry of Agriculture and Rural Development to enable year-round food production. Additionally, there are concrete plans to resolve the conflict between farmers and herdsmen for a lasting solution.

Mr. President has implemented similar policies, as outlined in the Renewed Hope 11-Point Agenda, to positively impact other sectors of the economy. These policies aim to improve Nigeria’s economic situation and enhance the lives of citizens by creating business opportunities through various intervention initiatives for students, youths, traders, artisans, and manufacturing industries, as highlighted in the Federal Government’s intervention programs.“

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Passengers looking for a satisfactory airport experience might want to avoid Newark, Philadelphia, or Cleveland.

Minneapolis-Saint Paul is North American travelers' favorite "mega" airport, according to a new annual survey from J.D. Power, while Newark came in last in the category for the third straight year.

John Wayne in Orange County, Calif., was deemed the best "large" airport, while Indianapolis topped the "medium" rankings. Philadelphia and Cleveland came in last in those respective categories.

The study, conducted from August 2023 through July 2024, gathered insights from more than 26,000 passengers who traveled through at least one U.S. or Canadian airport during the past 30 days, evaluating factors like ease of travel, terminal facilities, and food, beverage, and retail options.

The survey also found that an airport's being perceived as crowded was one of the biggest drags on its overall satisfaction score. Travelers also are spending an average of $3.53 less per person in airports in 2024 than last year.

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Homebuilder stocks are rising a day after the Federal Reserve kicked off its rate-cutting cycle, lowering the benchmark rate by half a percentage point.

A lower federal funds rate exerts downward pressure on mortgage rates, which are a bit below 6%. That has helped lift shares of homebuilders such as KB Home (KBH), Smith Douglas Homes (SDHC), and Lennar Corporation (LEN) higher Thursday. 

Bank of America analysts are bullish on the sector, raising their price targets for seven homebuilding companies by an average of 11%. The biggest boost went to KB Home, which had its price target bumped 20% to $90 from $75. Shares of the Los Angeles-based company rose about 3% Thursday.

Lower mortgage rates should drive more housing demand, the analysts wrote in a note Thursday, which should in turn improve sales and margins for homebuilders. Additionally, homebuilders have done a better job at returning capital to shareholders.

Lennar is expected to report earnings after the bell today. KB Home will report on Sept. 24.

August existing-home sales fell, according to fresh data.

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