MARKET UPDATE
AUGUST 22, 2017NIGERIA STOCK EXCHANGE (Market Open) SUMMARY:All Share Index 36,584.44Deals 3,729.00Volume 368,381,759.00Value 6,272,685,687.99Market Cap 12,609,660,207,550.90TOP GAINERSBETAGLAS 59.84 (2.51)FLOURMILL 31 (2.49)NB 2.49 (2.48)GUARANTY 40.7 (1.2)UNILEVER 46 (0.5)TOP LOSERSNESTLE 1200.01 (-9.99)DANGCEM 215.62 (-9.38)STANBIC 38.11 (-0.74)WAPCO 58.5 (-0.5)ZENITHBANK 24 (-0.28)CBN EXCHANGE RATE (NGN)Buying:$USD 304.7GBP 392.4536 EURO 358.571SWISS FRANC 315.2939 YEN 2.7941 Selling:$USD 305.7£GBP 393.7416EURO 359.7478SWISS FRANC 316.3286YEN 2.8033CNBC COMMODITY PRICES (USD)Crude Oil (Bonny light) $50.79Natural Gas 2.96 (0.067)Gold 1295.70 (4.10) Silver 17.025 (0.025)Copper 2.985 (0.0455)Wheat 410.25 (-5.75)Coffee 130.45 (-1.25)Cotton 67.44 (0.16)Cocoa 1890.00 (-32.00)
Home » LIFE STYLE » Olubadan: I can’t be intimidated, says Ajimobi

Olubadan: I can’t be intimidated, says Ajimobi

Oyo State Governor Abiola Ajimobi has said he will not be intimidated by anybody or group over his administration’s efforts to review the Olubadan chieftaincy system.

He spoke while inaugurating the new Government Reserved Area (GRA) sited near the old NITEL premises on Old Ife Road, Ibadan.

Two high chiefs, Lekan Balogun and Rashidi Ladoja, had sued the governor and a panel of enquiry set up by the government over the review, saying they lacked the right to review the 1957 Olubadan Declaration.

Noting that his administration had become a builder by rebuilding infrastructural facilities since 2011, Ajimobi said his government would transform the landscape and institutions that made Oyo State the pacesetter.

He said the 1957 Olubadan Declaration was due for a review given the expansion of the city and the need to allow some high chiefs and community leaders to wear beaded crowns, to add glamour and influence to the throne of the Olubadan.

Tiny URL for this post:
 

Share This:

About Author