Five major banks, including Barclays, Citigroup and Royal Bank of Scotland, have been fined a record $5.7billion (£3.7bn) for rigging foreign exchange markets in the latest scandal to engulf the banking industry. Announcing the fines Loretta Lynch, US attorney general, said the banks had exhibited “breathtaking flagrancy” setting up a group they called “the cartel” to manipulate a market valued at $5trillion a day.

FRANCIS complained that he was having an embarrassing difficulty. He said in the last few days, he had been experiencing a burning sensation whenever he was urinating, but now, in addition to the pain, a yellowish white discharge was oozing from his male sex organ. Alarmed, the young man confided in some of his male friends who just laughed and waved his concerns aside.

As Lagos State University, LASU, commence a new academic session this week, Senior Staff Association of Nigerian Universities, SSANU-LASU said they have the prerogative to determine whether the Vice Chancellor remains in office or not. This was a reaction to the state governor, Babatunde Fashola’s statement at the 2, 900 days celebration alleging that the crisis affecting the institution was that “some people (unions) are demanding that they want to decide when to remove and replace the VC, and that isn’t their prerogative.

The Central Bank of Nigeria, CBN yesterday said that it would henceforth share with banks, interest earnings on loans granted to farmers under the Commercial Agricultural Credit Scheme (CACS).

The Athletics Federation of Nigeria, (AFN) has congratulated Ken Anugweje, on his uplifting to professor of sports science by the University of Port Harcourt.