COST of funds is expected to fall this week in the interbank money market in response to inflow of N1.05 trillion from maturing treasury bills (TBs).

Originally trained as a journalist, Prof. Pat Utomi has been more celebrated as a professor of political economy and management expert with illustrious laurels in the private sector. He, however, came to public renown in the public sector when in his twenties he was appointed a special adviser to President Shehu Shagari.

The Concerned Oil and Gas Impacted Communities Development Initiatives, COAIDI, has appealed to rights activist, Chief Rita Lori-Ogbebor to allow an an agency created by Chevron Nigeria Limited, CNL, Itsekiri Regional Development Council, IRDC, to operate optimally for the benefit of the oil and gas producing communities like others in Ijaw and Ilaje areas.

THE downturn that has been sweeping through the equities market this year has left two major sectors in the market – the industrial goods and consumer goods sectors – in a very bad shape.

THE Shell Petroleum Development Company, SPDC, manifests ambivalence in its dealings with the people of the Niger Delta region where it has explored and exploited crude oil for six decades beginning in 1956 when it struck fortune in Oloibiri. Shell (as SPDC) is generally and sometimes fondly called among the people of the Niger Delta region has become a significant index in the consciousness of the people. Shell registered its presence in many communities where it found oil and turned their fortunes around for good or for ill, but more of the later. Shell lubricated the economy of capitalist Europe, but turned our homelands, from Oloibiri to Olomoro, Ogoni to Ugono, Uzere to Evwreni, and many more into empty shells. However, as part of Shell’s ambivalent manifestation of fortune and misfortune, it also had a salutary effect on the region by way of boosting the local economy, creating new jobs and accelerating urbanisation.

LAGOS—THE family of the late founder of the Oodua Peoples’ Congress, OPC, Fredrick Fasehun, says the late sage will be buried on January 10, 2019.

Senator Solomon Adeola (APC, Lagos West), Chairman, Senate Committee on Local Content, has kicked against those urging the National Assembly to override the President’s veto on the Electoral (Amendment) Bill 2018.

LAGOS—Zenith  Bank Plc has launched the Unstructured Supplementary Service Data, USSD, payments on Point of Sales (USSD on POS), enabling customers to pay for goods and services via POS terminals in merchant locations or on ecommerce websites without the use of cards.

BANKS’ lending to farmers under the Agricultural Credit Guarantee Scheme, ACGS, dropped by 19 percent month-on-month (m/m)  to N442 million in September.

ABUJA—THE National Assembly has said today is the last date for the Niger Delta Development Commission, NDDC, to submit all audited reports of projects executed, saying the failure to do that would foreclose the defence of the commission’s budget.

Pro-democracy activists in Zamfara State, under the aegis of the Zamfara Unity Forum, have called on President Muhammadu Buhari to warn the Economic and Financial Crimes Commission, EFCC, to steer clear of the politics of Zamfara State in order to avert a major crisis.

A woman in her early 40s, Mrs Gloria Oriuwa, from Onuimo Local Government Area of Imo state, has regained her freedom weeks after she could not pay her hospital bill of N280,000 (Two hundred and Eighty thousand naira) 

LAGOS — THE General Overseer of the Redeemed Christian Church of God, RCCG, Pastor Enoch Adejare Adeboye has again warned people using his name and photographs for commercial purposes to desist or risk prosecution by relevant authorities.

LAGOS—GOVERNOR Akinwunmi Ambode of Lagos State, yesterday, warned that all traffic offenders in the state would henceforth be prosecuted.

THERE are indications that fuel distribution will be destabilised as the Depot and Petroleum Products Marketing Association, DAPPMA, yesterday, insisted on embarking on strike to distrupt lifting from depots nationwide.