As the rainfall persists across Lagos State, residents have been blamed over the persistent flooding that have taken over roads in parts of the state.

The new flexible foreignexchange policy announced by the Central Bank of Nigeria, CBN, last week is believed to be a turning point for most business organisations currently struggling under the nation’s harsh economic climate. This optimism was expressed by the Managing Director of Propertygate Development & Investment Plc, a Lagos-based real estate development and investment company, Mr. Adetokunbo Ajayi, at an interview session during the 7th Annual General Meeting of the company held in Lagos at the weekend.

Liquidity pressure heightened in the banking industry, last week, forcing banks’ borrowings from Central Bank of Nigeria’s Standing Lending Facility, SLF, to rise 230.61 per cent to N929.52 billion.

THE last may have not been heard over the disagreement between the legislature and the executive over the N1.04 trillion fine imposed on South African telecommunication giant, MTN, by the Nigeria Communications Commission, NCC, which was later reduced to N330bn.

Shareholders of nine banks quoted on the Nigerian Stock Exchange, NSE received 42.2 per cent or N158.4 billion as Return on Investment, ROI , out of the total banks’ Profit After Tax, PAT, of N375.8 billion for the financial year, 2015. Financial Vanguard’s findings showed that the nine banks’ PAT declined by N11.1 billion or 2.9 per cent as they recorded a total of N375.8 billion for the financial year, 2015 when compared to the figure of N386.9 billion recorded in 2014.

JUST before mass ended on Sunday at an outpost of St. Edward’s Catholic Church in Eziowelle, the hometown of Francis Cardinal Arinze, the priest invited a young man to make an announcement. The fellow said he had come from the Justice Development and Peace Commission, JDPC, to propagate the corporal works of the Year of Mercy.

THESE are interesting times to live in Nigeria. Senate President, Bukola Saraki and his Deputy, Ike Ekweremadu are hurled before the courts on criminal charges of allegedly forging the Senate Standing Rules 2015. It raises intriguing questions; can the Senate forge its own rules? Which body but the Senate can determine what its rules are? Which forensic expert can detect the original Rules of the Senate from a forgery if the Senate claims that the latter are its actual rules?

The Edo State chapter of the PDP has called on the House of Representatives and the Economic and Financial Crimes Commission (EFCC) to expedite action on its investigations into the alleged N5.5 billion deal involving the APC governorship candidate, Mr. Godwin Obaseki.

Mr Matthew Iduoroyekemwen, who came second with 13 per cent of the votes in last Monday’s governorship primaries of the PDP is set to cause heartaches for the party with his decision to purchase the governorship form of the rival primary being organised by Senator Ali Modu Sheriff led faction of the party.

ThE non-appointment of a substantive Post Master General, PMG, for the Nigeria Postal Agency, NIPOST, about 10 months after the former PMG proceeded on retirement, is now causing ripples as workers have started complaining that the entire organisation had become rudderless.

South African athletes yesterday finished on high as they swept the medals table of the African Championships in Durban raking 16 gold medals.

Diamond Bank Plc, a quoted bank on the Nigerian Stock Exchange, NSE is partnering with the Federal Government to develop entrepreneurial skills among youths as a way of addressing the increasing rate of unemployment. The bank has been involved in entrepreneurial programmes and has announced the launch of the 3rd phase of the Building Entrepreneurs programme tagged “BET 3”.

Lt General Tukur Yusuf Buratai! Some call him the soldier’s soldier, others call him the gentleman soldier.

An All Stars cast of the Nigeria Professional Football League (NPFL) players will embark on an international friendly tour of Spain as part of the recently signed Memorandum of Understanding (MOU) between the the League Management Company (LMC) and the Spanish Football League, LaLiga.

Even as the dust raised by the refusal of the embassy of Spain in Nigeria to issue entry visas to the country’s contingent to the FIBA U-17 World Championship in Zaragoza is yet to settle down, the National Agency for the Prohibition of Trafficking In Persons (NAPTIP) said they had no hands in the denial.