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Business leaders talk on CBN unification of the Naira 

CBN

Just recently, the CBN Governor, Godwin Emefiele revealed plans in unifying the naira’s currency exchange systems around the NAFEX rate. The Central Bank Governor said this at an Investors Conference organised by CitiBank. Nairametrics spoke exclusively to business leaders in various fields of expertise on Nigeria’s central bank move to implement the naira’s unification, and they, in various opinions expressed ...

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Court orders PDP to pay N105m in rent arrears

PDP

A High Court on Thursday ordered the Peoples Democratic Party (PDP) Bayelsa chapter, to pay N105 million outstanding rent to the owner of the building housing its state secretariat complex in Yenagoa. Delivering judgment, Justice T. I. Cocodia, granted the prayers of the landlord and former Council Chairman, Mr. Chubby Walson that he was entitled to payment of rent from ...

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Lagos residents battle flood after downpour

Lagos

Lagos residents battled heavy flood after a Thursday morning rainfall submerged various parts of the city. There were traffic gridlocks on major highways and destruction of properties, including a building collapse at Iyana Ipaja, a Lagos suburb. The rain also forced many residents to stay indoors. Some of the worst affected areas include Agege, Lekki, Ajah, Victoria Island, Ifako, Oworo, ...

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FG creates 114,526 jobs, inaugurates 44 Dams to boost irrigation, water supply

dams

President Muhammadu Buhari says the completion of Amauzari, Amla Otukpo, and other 42 Earth Dams with combined job creation of about 114,526 direct and indirect jobs, will boost irrigation and water supply across the country. The president revealed this during his broadcast to mark this year’s Democracy Day in Abuja on Friday. He assured that the Federal Government would continue ...

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Blocks of 113 Classrooms in 7 schools ready for commissioning — Sanwo-Olu

classrooms

Gov. Babajide Sanwo-Olu of Lagos State on Friday said blocks of 113 classrooms in seven schools in the state were ready for commissioning. Sanwo-Olu made this known in his Democracy Day speech tagged: ”Great Leap Towards A Greater Lagos.” He said that education was the third pillar of his administration’s T.H.E.M.E.S Agenda, and investment in the education sector would continue ...

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LASG seals 19 more buildings in Banana Island over planning permit

LASG

As part of the on-going efforts to control physical development and promote a sustainable living environment, the Lagos State Government (LASG), on Thursday, sealed 19 additional buildings in the highbrow Banana Island, Ikoyi. The sealed buildings violated the physical planning laws of the state in terms of structure and locations, and also failed to obtain the required building permit. The ...

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Court Sentences Labourer To Life Imprisonment For Manslaughter

labourer

A High Court in Lagos on Wednesday sentenced a labourer, Chinedu Alli to life imprisonment for killing another construction worker during a fight at a construction site at Aja, Lagos. Delivering judgment, Justice Modupe Nicol-Clay, held that the prosecution had proven its case with the elements of the offence of manslaughter and that strong circumstantial evidence was presented in court. ...

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Devt Control stops work on property over tree felling

property

The Department of Development Control of the Federal Capital Territory Administration (FCTA) has served a stop-work-notice on a property under construction on Lobito Cresent, Wuse II, Abuja. A combined team of the department and the Abuja Environmental Protection Board (AEPB) also arrested the owner of the property, Mr. Daniel John, for cutting down six trees around the site. The Director ...

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