A pressure group, South East Progressives Assembly, SEPA, has threatened court action against President Muhammadu Buhari and the ruling All Progressives Congress, APC, over the inability of the Federal Government to commence the payment of the monthly N5, 000 to unemployed Nigerian youths.

DELTA State governor, Dr Ifeanyi Okowa, weekend, said the setting up of Local Government Transition Committee, LGTC, was unconstitutional and unknown to law.

The Managing Director and Chief Executive of the NDIC, Alhaji Umaru Ibrahim stated this at the opening ceremony of the Corporation’s 2015 Sensitization Seminar for Judges of States and Federal Capital Territory (FCT) High Courts in Abuja. Alhaji Ibrahim said that no matter how robust the NDIC’s extant laws, the Corporation needed the legal support from the judiciary to achieve its mandate, adding that the Corporation would continue to seek the cooperation and understanding of the judiciary, given that the Judiciary is constitutionally vested with the powers of interpretation of statutes and laws in the Federation.

Unilever Nigeria is reeling in pain inflicted on its operations by high interest rates. The consumer goods manufacturer is compelled to surrender to its lenders the revenue it desires to save for shareholders. Rising finance charges are responsible for the major profit drops the company has experienced in the past two years. Interest expenses doubled at the end of the company’s third quarter operations this year, which has increased the speed of the profit drop.

The Chief Executive Officer, CEO, of the Nigerian Stock Exchange, Mr. Oscar Onyema, has said that opportunities still exist for investors in stocks, in spite of the current downturn in the capital market. He spoke during an interview after the Annual General Meeting, AGM, of the Kano/Kaduna Zonal Branch in Abuja. His words, “It is important for investors to understand that just because the market is going down doesn’t mean there are no opportunities.

Nigeria from historical perspective, is always playing the catch up game. It has always adopted a fire brigade approach to issues of management. In fact, crisis management has been the style of leadership in Nigeria. It is when situations get out of hand that Nigerian leaders begin to adopt panic measures at solving problems. There were warnings in the past that crude oil prices will crash and Nigeria needed to build buffer, but it was ignored and today, the economy is facing challenges because early warnings were not acted upon.

LAGOS—Saka Hameed, the 17-year-old Senior Secondary School, SSS, 2 student of Gaskia College, Amukoko, Lagos, who allegedly stabbed his school labour prefect, Saheed Jimoh, to death has denied the allegation.

DUTSE— Ahmed Haruna Gumel, Director of Press to Jigawa State deputy governor, Mr Ibrahim Hassan Hadejia, said weekend that his boss never contemplated relinquishing his position as the number two citizen of the state. Gumel told Vanguard in Dutse that the speculation was unfounded and untrue, adding that it was capable of jeopardizing the existing cordial working relationship between the governor and his deputy.

MAKURDI— Former Governor Gabriel Suswam of Benue State, yesterday, denied stealing the state’s money during his eight years tenure in office. Suswam spoke at a special thanksgiving service organised for him at the Holy Ghost Catholic Church, Makurdi, by the Peoples Democratic Party, PDP, lawmakers at Benue State House of Assembly,,

Media reports, from both local and foreign sources, have lately suggested that MTN, arguably, Africa’s largest mobile telephone network, may be confronting possibly, the greatest threat since its inception and its bountiful global success, particularly, in their Nigerian operations where they have over 62million registered subscribers.

The Nigerian banks are daily rolling out new campaigns, new concepts, promotions, all in the battle of the mind. In the battle of the brands Guaranty Trust Bank , GTbank, had taken almost full ownership of the brand space on service promise and delivery. But GTB is raising its profile in a fresh direction now. Rather than blowing its horns, it allowed other respectable institutions to blow the horns for her, in line with the famous brand quote by Amazon founder Jeff Bezos “Your brand is what people say about you when you’re not in the room.”

Managing Director of Federal Mortgage Bank of Nigeria, FMBN, Mr. Gimba Ya’u Kumo, has called for intervention in the housing sector through provision of affordable interest, and long-term finance for construction and mortgage in a bid to bridge the housing deficit in the country. Ya’u Kumo noted that most Nigerians are unable to own houses due to high and unaffordable interest rate systems used by many mortgage institutions as well as lack of long-term finance for housing development and mortgages.

A Federal High Court sitting in Lagos last weekend restrained the Financial Reporting Council, FRC, of Nigeria and its executive secretary, Mr. Jim Obazee, from taking any action, sanction or measure against KPMG Professional Services, auditors of Stanbic IBTC Bank Plc and Mr. Ayodele Othihiwa, a Partner in the firm, pending the hearing and determination of the suit filed by the applicants.

IT was a great day for Nigeria and its international image recently when one of the top ten cities in the United States of America, the City of Miami, received Nigeria’s Justice Chioma Nwosu-Iheme of the Federal Court of Appeal, an erudite scholar who is the first female doctorate degree holder to serve as a judge.

THE Mushin Local Government has distributed benches and desks for pupils in the 49 public primary schools in the area. In a statement, Mushin LG Information Officer, Mr. Olusegun Akinyemi, said the Executive Secretary of the LGA, Hon. Jide Bello was committed to solving the infrastructural and educational problems in the council by ensuring that no child in Mushin LGA sat on stones, windows or wood to listen to teachers instructions.