Author: Lawan

The central parity rate of the Chinese currency Renminbi, or the Yuan, weakened six pips to 7.1937 against the dollar on Wednesday. This is according to the China Foreign Exchange Trade System. The central parity rate of the Yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. In China’s spot foreign exchange market, the Yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.

Renowned legal practitioner and public affairs analyst, Jiti Ogunye, has called for manslaughter charges to be brought against both a reckless driver and a police officer involved in the tragic shooting death of a schoolboy, Kehinde Alade, in Ibadan. In a strongly worded statement titled “Ibadan Traffic Stop Shooting,” Ogunye condemned the circumstances that led to the fatal incident, describing the driver’s reckless act of driving against traffic as criminal negligence. “That man, by driving recklessly against the traffic, could have been presumed to be an escaping felon or mistaken for a kidnapper, a ritual murderer or fleeing armed robber,”…

Osemudiamen Idemudia, a 26-year-old man, was declared missing on Friday, May 9, 2025, after he left his workplace in Ikota, Lagos. He was last seen around the CMS area while reportedly heading home to Igando but never made it back. Efforts to reach him via phone were unsuccessful, raising concerns about his whereabouts. Distressed family members launched a search, visiting hospitals and morgues across Lagos State. Their worst fears were confirmed when his body was discovered at a morgue in Yaba, bearing deep machete wounds to the head, face, and legs. According to morgue staff, the body was brought in…

A bomb struck a bus carrying children to an army-run school in south-western Pakistan on Wednesday, killing five people, including three children, and injuring dozens more, officials said.The blast targeted the vehicle in the city of Khuzdar, in the restive province of Balochistan, as it took students to class, said local official Yasir Dashti. Three children and two adults were among the dead, an army statement said.Health officials feared the death toll could rise, as many of the 38 wounded children were in a critical condition. The Baloch Liberation Army (BLA), a rebel group fighting for the independence of the…

The Police in Bauchi have apprehended five suspects for allegedly circulating adulterated fertilisers and herbicide in the state. The spokesman of the command, CSP Ahmed Wakil, who confirmed the arrest on Wednesday in Bauchi, said the police also sealed three illegal production facilities. He said that personnel of the Command Monitoring Unit, acting on credible intelligence, arrested a suspect at the Bauchi Central Market, on May 10. The spokesman said the operatives recovered six bags of suspected adulterated fertilisers and 46 bottles of fake herbicide from the suspect. “A subsequent search at his residence in Magaji Quarters, yielded incriminating evidence,…

An Ikeja Magistrates’ Court in Lagos on Wednesday remanded three men, Ibrahim Waheed, 24, Quadri Olowoshile, 28 and Ganiyu Ogunsanya 27, in a correctional facility, for allegedly stealing expensive phones while armed with weapons. The trio who reside at Lagos Island are being charged with conspiracy, armed robbery, stealing and belonging to a secret society. The Magistrate, Mr L.A Owolabi, did not take the plea of the trio for want of jurisdiction. He, however, directed the police to return the case file to the office of the Director for Public Prosecution, for legal advice. He adjourned the case until June…

The Osun Command of the Federal Road Safety Corps (FRSC) says it has 4,312 unclaimed driver’s licences in the state. The command’s spokesperson, Mrs Agnes Ogungbemi, disclosed this in a statement issued in Osogbo on Tuesday. Ogungbemi said out of the 4,453 available permanent licences, only 141 had been collected, leaving 4,312 uncollected. She, however, said that 2,970 of the unclaimed 4,312 licences had already expired, leaving 1,342 still valid. The road safety spokesperson, therefore, implored owners to pick them up to avoid being apprehended for driving without valid licences. According to her, this may also result in their vehicles…

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has unanimously voted to maintain the benchmark interest rate at 27.5%. In addition, the committee resolved to keep the Cash Reserve Ratio (CRR) unchanged at 50% for Deposit Money Banks and 16% for Merchant Banks.

The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, today officially handed over a confiscated 750-unit luxury housing estate—previously linked to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele—to the Minister of Housing and Urban Development, Ahmed Musa Dangiwa. The federal government plans to sell the luxury duplexes to interested Nigerians as part of efforts to recover public funds. Speaking during the handover, Minister Dangiwa announced that the housing units will be made available for sale through a transparent and competitive process. The sales will be managed and promoted via the Renewed Hope Housing Portal to…

Operatives of the Tiger Base division of the Imo State Police Command have reportedly arrested one of the traditional chiefs laying claim to the Eze royal stool of Eziama Ikeduru autonomous community, Chris Obasi. Punch reports that Obasi’s sister, Adaeze Francis, who confirmed the development, said the police operatives arrested him around 8pm on Wednesday at his residence in Graceland Estate, Ajah, Lagos. The report states that Adaeze said the arrest was connected to the protracted kingship tussle between her brother and his cousin, whom she accused of using every means possible to prevent the state government from recognising Obasi…