Naira Scarcity: Sales of Made-in-Nigeria goods may drop by 25% MAN

The Manufacturers Association of Nigeria, (MAN), has emphasised the need for the Central Bank of Nigeria (CBN) to intensify efforts at ensuring a seamless transition from old naira to new naira notes. Its Director-General, MAN, Segun Ajayi-Kadir, who stated this yesterday, said that anything to the contrary would be inimical to manufacturing. According to him, should the current hardships being experienced in accessing money persisted for the next three weeks, there would be a possible 25 percent drop in monthly sales of Made-in-Nigeria goods. He noted that as purchases from…

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Man to die by hanging for killing lover

An Abeokuta High Court on Wednesday sentenced a 39-year-old mechanic, Musiliu Owolabi, to death by hanging for killing his lover, Miss Afusat Idowu. The Chief Judge of Ogun, Justice Mosunmola Dipeolu, convicted Owolabi on a count charge of murder. She held that the prosecution proved beyond reasonable doubt that Owolabi was guilty as charged. Dipeolu noted that murder contravened the provisions of Section 319 of the Criminal Code, Laws of Ogun, 2006. Earlier, prosecution counsel, Mr James Mafe, said that the convict committed the offence on Feb. 1, 2018, at Camp area…

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