Global rating agency, Fitch Ratings, yesterday, said the generous dividend policies of a majority of Nigerian banks, if not adequately addressed, will lead to an erosion of their Tier One capital.

The naira eased further against the U.S. dollar on the interbank market, yesterday, as end-users excluded from the bi-weekly auction bid for available dollars.

Ekong Anaku community in Akamkpa Local Government Area of Cross River State has threatened to seize Obasanjo Farm located in the community. The community alleged that they were not adequately compensated for the loss of economic trees in the large expanse of land acquired by former President Olusegun Obasanjo for his oil palm project.

The Federal Government, yesterday, launched the Australia/Nigeria Trade and Investment Council as part of efforts aimed at attracting foreign direct investment into the country.

An Ikeja High Court has ordered National Drug Law Enforcement Agency, NDLEA, to produce embattled comedian Mr. Babatunde Omidina, commonly called Baba Suwe in court by the next adjourned date, Monday.

The appeal by founder of Christian Praying Assembly, Rev. Chukwuemeka Ezeuko (Rev. King), who is challenging the judgment of an Ikeja High Court, which sentenced him to death by hanging for the murder of one Ann, a female member of his church, suffered a setback, Wednesday, due to irregularities in the appeal.

Former Minister of Education, Professor Chinwe Obaji and the Registrar of Joint Admissions and Matriculation Board JAMB, Professor Dibu Ojerinde, have disagreed over the necessity of Post- University Matriculation Examinations, Post-UME.

Neighbours to late Mr. Oliver Utuama have tasked themselves N2,000 each towards his burial. Oliver, younger brother of Deputy Governor of Delta State, Prof. Amos Utuama, died in a motorcycle (Okada) accident, weekend.

Lagos State Government has said it will organise a mass burial for unclaimed and unidentified corpses, that have been lying at the morgue of Isolo General Hospital Mortuary for over a period of three months.

LARGE quantity of bitumen from Asca Bitumen Company’s pipelines Tuesday night, spilled into the sprawling residence of Nigeria’s first Finance Minister, late Chief Festus Okotie-Eboh in Ogorode, Sapele, Okpe Local Government Area of Delta State.