Senate opposes cancellation of power privatisation

• Plans public hearing on electricity issues 

The Senate Committee on Privatisation said it is not in favour of outright cancellation of power sector privatisation, as being clamoured.

The Committee Chairman, Senator Ben Murray Bruce, said rather, the upper legislative chamber is interested in assessing how the exercise has fared as a tool of government either in terms of failure or success in its entirety.

So sad! Vigeo boss, Gbolade Osibodu loses N38bn to naira devaluation

• Fiscal catastrophe leaves husband of Union Bank  former MD dejected and inconsolable

Gbolade Osibodu has gotten to that threshold in a man’s life when brooding tragedy and its dark shadows can only be lightened by recalling great moments of the past. The owner of Vigeo and husband of banking Czarina and Union Bank’s former Managing Director (MD), Funke Osibodu, recently lost N38 billion to devaluation of the Nigeria. It is for this sad reason that he is down. The impact of Naira devaluation against the US dollar by the Central Bank of Nigeria (CBN) is no doubt devastating on Gbolade thus he is despondent, unsure and wary of what lies ahead.