Control Risks Services West Africa has revealed that stocks quoted on the Nigerian stock market has fallen by 16 per cent since December 2015, even as the Central Bank of Nigeria, CBN says that weakening the naira would raise inflation, already close to 10 per cent.

As South African President, Mr. Jacob Zuma, visits Nigeria today, Foreign Affairs Minister, Mr. Geoffrey Onyema, has said the visit was not meant to resolve any outstanding diplomatic row between the two countries.

A former member of the National Assembly in the Second Republic and chieftain of the All Progressives Congress, APC, in Edo State, Mr. Sunny Uyigue, has described the statement credited to Senator Dino Melaye on the floor of the Senate on Governor Adams Oshiomhole’ s marriage to a foreign wife as unfortunate and an abuse of parliamentary privileges.

A member of the House of Representatives, Mr Ehiozuwa Agbonayinma, has urged President Muhammadu Buhari to sack the Minister of Budget and Planning, over what he described as the numerous errors in the 2016 budget.

THE Chief Regulatory Officer, NAFDAC, Abia office, Mr Udoekpo Ekpo has warned bakers in Aba, Abia State to desist from fumigating their bakeries with quacks or risk sanctions.

COACH Samson Siasia believes that the experience of players like Victor Moses and John Obi Mikel will count, when the Super Eagles clash with the Pharaohs of Egypt in the Africa Cup of Nations qualification tie home and away later in the month.

Meanwhile, corroborating Dangote’s position on the need for policy articulation on economic diversification, Managing Director/Chief Executive, Access Bank Plc, Mr. Herbert Wigwe, and Managing Director/Chief Executive Oando Plc, Mr. Adewale Tinubu, emphasised the need for reforms in the foreign exchange market and in the financing of the oil industry.

LAGOS — Zinox Technologies Limited, weekend, denied reports that the company was one of the companies that received part of the funds under investigation at the Nigerian Broadcasting Commission, NBC.

The National Executive Committee, NEC, of Peoples Democratic Party, PDP, yesterday, resolved to bring the term of the Ali Modu Sheriff-led executive of the party to an end on May 21.

LAGOS — Reports from the banking system have indicated that over $30 billion worth of unmet demand for foreign exchange have been piled up at the official window of the foreign exchange market maintained by the Central Bank of Nigeria, CBN, in the last six months.