Court sentences man to death by hanging for killing Ekiti monarch
An Ado Ekiti High Court, on Thursday, sentenced 42-year-old man, Ademola Omoniyi, to death by hanging for killing a traditional ruler. Delivering judgment, Justice Olukayode Ogundana dispelled the notion that the convict was insane. The judge said: “This court sentences Ademola Omoniyi to death and shall be hanged until his last. “May the good Lord have mercy upon your soul.” The convict was...
C’ttee: Why VCs’ wives are attending programme in Turkey
The Committee of Vice Chancellors of Nigerian Universities (CVCNU) says the five-day leadership course scheduled to hold in Istanbul, Turkey is to build the capacity of women in academics and higher education leadership. The Secretary General of the Committee, Prof. Yakubu Ochefu, in Abuja on Thursday, dismissed the speculations that the programme was for wives of vice chancellors only. Ochefu said that the...
MAN laments high interest rates, excessive govt revenue drive
The Manufacturers Association of Nigeria (MAN) said the Manufacturers CEO’s Confidence Index (MCCI) stood at 53.9 points for the first quarter of the year. This is against the 55.4 points achieved in the fourth quarter of 2021, translating to a decline of 1.5 points. MAN said part of what contributed to the decline in the index score was eroding disposable income...
OPEC raises Nigeria’s production quota to 1.772mbpd for June
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022. A statement issued on Thursday said OPEC took the decision at its 28th OPEC and non-OPEC Ministerial Meeting despite Nigeria missing its approved target...
Naira weakens against dollar, exchanges at N419
The Naira on Thursday depreciated at the Investors and Exporters window exchanging at N419 to the dollar, a 0.24 per cent depreciation, weaker than N418 it traded on Wednesday. The open indicative rate closed at N417.40 to the dollar on Thursday. An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled...
2023: Zulum dissolves cabinet
Governor Babagana Zulum of Borno has dissolved the state executive council with effect from Thursday. This is contained in a statement signed by the Permanent Secretary, Administration and General Services, Mr Danjuma Ali, issued in Maiduguri. It said: “The governor has approved with immediate effect the dissolution of members of the State Executive Council.” Re-election: 179 groups present N50m cheque for Zulum’s...
NDIC verifies depositors of 3 failed micro-finance banks
The Nigeria Deposit Insurance Corporation (NDIC) has said that it would commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twitter handle and website, that the exercise would take place between May 9 and 20. The NDIC listed the...
CIBN donates lecture hall to Fed Poly Nekede
The Chartered Institute of Bankers of Nigeria (CIBN) has donated a multi-million naira lecture theatre to the Federal Polytechnic Nekede, Owerri, to promote the study of banking and finance. The project is a 160-capacity lecture hall known as CIBN Bankers Hall with free WiFi facility. Inaugurating the project on Thursday, the CIBN President/Chairman of Council, Dr. Bayo Olugbemi, said the legacy...
Onitsha becoming ‘dead’ city, Soludo laments
Governor Charles Soludo of Anambra State has lamented the high rate of evacuation of businesses and productive assets from Onitsha to other neighbouring states. Soludo expressed his displeasure at a strategic meeting with landlords in Onitsha on Thursday. Landlords from Omagba Phases l and ll, GRA Onitsha Zone, Onitsha Housing Estate, American Quarters, Trans-Nkisi areas, among many others, participated in the...
ASUU, Kaduna varsity at loggerheads over school resumption
The management of Kaduna State University (KASU) and the varsity’s branch of the Academic Staff Union of Universities (ASUU) are at loggerheads over resumption of academic activities. The varsity’s management reiterated its April 26 announcement on Thursday that academic activities would resume on Monday, May 9 for the continuation of second semester 2020/2021 academic session. The varsity’s branch of ASUU, however,...
