Two men, Korede Ayofe and Jimoh Bello, were weekend arrested by officers of Osun State Police Command for allegedly being in possession of human head in Iwo, headquarters of Iwo Local Government Area.

A businessman, Elias Ukachukwu, who was kidnapped last November by unknown gunmen in Festac area of Lagos State, has been released after the balance of the $2 million demanded as ransom was allegedly paid.

For the first time in a long while, Nigeria Taekwondo will not be on display at the 2016 Rio Olympics as the four Taekwondo athletes that represented the country at the African qualifiers lost in the semi finals.

ABA—The Police in Abia State have arrested four persons suspected to be members of a child trafficking syndicate operating in the South-East zone of the country.

LAGOS — SEQUEL to hike in electricity tariff, despite a subsisting order of Justice Mohammed Idris of a Federal High Court sitting in Lagos made on May 28, 2015, a lawyer and rights activist, Toluwani Adebiyi, has initiated contempt proceedings against the Acting Chairman of Nigeria Electricity Regulatory Commission, NERC, Anthony Akah, and Chief Executive Officers, CEOs, of all Distribution Companies, DISCOs, across the country.

The face-off between the Nigeria Football Federation, NFF and coach Sunday Oliseh over the venue for this month’s all important Nations Cup cracker against the Pharaohs of Egypt has deepened with the gaffer kicking against the choice of Kaduna, describing it as playing “AWAY on a home soil”.

As a renter, you have the luxury of choosing a place that meets your needs at the moment. Buying a home is a much bigger commitment, both in terms of finances and the length of time you’ll likely live there. When seeking out a house to buy, it’s important to do your homework. As one of the largest financial decisions in a person’s life, buying a home requires discretion, sensibility and budgeting. The following tips will keep you on the right path as you look to purchase your house.

Amidst decrease in domestic investors’ participation at the Nigerian Stock Exchange, (NSE) institutional investors have continued to dominate activity in the domestic space in the capital market compared to contribution by their retail counterpart. Recent figure released by the NSE on percentage of contribution by domestic institutional and retail investors for the month of December, 2015 showed significant decline in the total contribution by retail investors.

In a communiqué signed by President of the Association, Mr. Uju Ogubunka, and Executive Secretary, Onyema Okoroh, the Association called on the CBN to, “ Withdraw the Circular introducing the fee and allow bank customers to enjoy the free COT regime; Avoid legalising illegality of Account Maintenance Fee; Avoid replacing COT with Account Maintenance Fee; Direct banks that had charged Account Maintenance fees not only to stop such charges but also to refund all the money they had collected from their customers since the introduction of the Guide to Bank Charges in 2004 (16 years); Endeavour to consult stakeholders before the introduction of charges/fees foreign to the subsisting Revised Guide to Bank Charges.”

Our corporate strategy and the vision of the bank states that we want to build and transfer wealth across generations. The SMEs are part of that strategy. If you focus on the SMEs, it means you have to meet with entrepreneurs at the incubation stage of their business. And if you are to help them grow and become very big and successful, that means you will be able to transfer wealth from one generation to the other.

Nigeria is often ridiculed as a giant in the sun. It is said to have abundant resources that are yet to be tapped. For close to three decades, the country has been talking about diversification of its economy. Each time there is an external shock, the noise about diversification gets louder but as soon as things get better, every one goes back to the old ways of doing things. As a result, no headway has been made in the bid to diversify the nation’s economic base. Leaders and policymakers thrive on rent-seeking activities, and do not engage in hard thinking.

The National Bureau of Statistics (NBS) weekend said that the telecommunications sector contributed N 1,385.85 billion to Gross Domestic Product (GDP) in the third quarter of 2015, adding that the subscriber base of service providers rose by 16.15 million. The NBS report stated that “In September 2015, at the end of the third quarter, there were a total of 148,427,423 GSM subscribers divided across the four networks of Airtel, Etisalat, Globacom and MTN. This figure is slightly 0.19 per cent lower than in August when there were 148,703,160 subscribers, the first monthly decline since July 2014.

Amidst several projections of challenging economy in the year 2016 by many economists and the International Monetary Fund, IMF, the National Bureau of Statistics, NBS, has outlined its own position on all key economic indicators, not just for 2016 but also in the next four years to 2019. The projections covers the annual growth rate of real Gross Domestic Products, GDP, annual Inflation rate, and the annual growth rate of the Value of Total Trade, VTT.

Professor Chukwumah Soludo, former Governor of the Central Bank, CBN, was in his elements a few weeks ago, when he declared that the current CBN Governor, Godwin Emefiele, turned the bank into an ATM machine for the Jonathan administration. The imports of that statement are numerous; but, two would have struck most readers who are no knowledgeable about the role of the central bank in any nation.

ABEOKUTA—The Alake and paramount ruler of Egbaland, Oba Adedotun Gbadebo, yesterday, declared that the Ooni of Ife remained the highest in the ranking of Yoruba obas.