MR Godwin Obaseki was born in Benin City, the Edo State Capital to the famous and illustrious Obaseki family. He had his early education at St. Matthews Anglican Primary School, Benin City from where he proceeded to Eghosa Anglican Grammar School, also in Benin City for his secondary education.

Investors in the Nigerian stock market, yesterday, lost N4.9 billion as sustained profit taking in oil and gas stocks drag down the Nigerian Stock Exchange, NSE All share index by five bases points, bps.

THE Senate, yesterday, moved against last week’s recommendation of the National Economic Council, NEC, which asked the Federal Government to sell the country’s national assets.

THAT the country is in recession and the economic crisis in which we’ve found ourselves is biting hard is now old news. Yes, we are in recession and Nigerians are presently preoccupied with finding solutions to our economic troubles.

ABUJA—President Muhammadu Buhari has welcomed the proposed investment of $5 billion in the economy by Indian business community.

The Nigerian National Petroleum Corporation, NNPC, yesterday, disclosed that its Joint Venture, JV, payment structure requires an urgent review, stating that, henceforth, oil and gas royalties and taxes would be utilized in liquidating outstanding and future JV cash call arrears.

Abuja—The Economic and Financial Crimes Commission, EFCC, yesterday, arraigned a former Chief of Naval Staff, Vice Admiral Usman Jibrin and two others, Rear Admiral Bala Mshelia (retd) and Rear Admiral Shehu Ahmadu (retd), before Justice A. S. Umar of the FCT High Court sitting in Maitama, Abuja, on a 4-count charge bordering on criminal conspiracy.

ENUGU—The Enugu State Police Command, yesterday, through its Anti-Kidnap Unit, rescued an 84-year-old woman Roseline Odoh,and daughter, Josephine, allegedly abducted on September 22, by suspected kidnappers.

ENUGU—Anxiety pervades commercial fleet operators and commuters in the south-east geo-political zone over the October 1, commencement of enforcement on Speed Limiters by the Federal Road Safety Corps, FRSC, on all commercial vehicles nationwide.

OLEH—THE people of Isoko, Delta State have urged Governor Ifeanyi Okowa to intervene in what they described as the brewing conflict between the Delta State Oil Producing Areas Development Commission, DESOPADEC, and oil producing ethnic nationalities in the state over alleged anomalies in the commission’s 2016 budget.

NOW we have started to make some progress with so-called ‘flexible exchange rate’ but still combined with a black list of 41 items ineligible for forex as well as other crude controls, and the consequent huge parallel market premia that is one of the highest in the world. The parallel market exchange rate has now become a very important leading indicator in the economy.

ONITSHA—IT was a harvest of talents and display of dexterity at the special thanksgiving music festival organized by the staff and students of Archbishop Valerian Okeke Music Academy, AVOMA, penultimate Sunday at the Bishop Shanahan Hall of the Basilica of the Most Holy Trinity cum Catholic Archdiocesan Secretariat, Onitsha, Anambra State.

UMUAHIA—WITH the rainy season at its peak, the deplorable condition of many of the Federal roads in the South East, particularly Enugu-Onitsha, Enugu-Okigwe-Umuahia-Aba-Port Harcourt Federal Highway and Umuahia-Ikot Ekpene and Aba-Ikot Ekpene roads have further deteriorated.

ENUGU—WORRIED by the illegal activities of developers in Enugu metropolis and their unbridled quest to amass land by all means, the Enugu State Capital Territory Development Authority, ECTDA, last Monday, swung into action to avert the looming flood danger triggered by the developers.

ENUGU—THE police in Enugu State have arrested the leader of the gang who reportedly murdered a couple at Amaja Enugu Ezike in Igbo Eze North Local Government Area of Enugu State following the rescue of a kidnap victim who was rescued by the Police in a forest near their home.