Guinea seeks to double share in mining projects

Guinea plans to boost its stake in mining projects to at least a third, its newly elected president said, a move that could rattle some of the world’s biggest mining companies. Rio Tinto and RUSAL have multi-billion dollar bauxite operations in the West African state, while Vale, Chinalco and others have planned major investments in iron ore. “There will be…

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Morocco, South Africa in another bid contest

25 January 2011 South Africa and Morocco went head to head seven years ago for the right to stage the first World Cup in Africa and the former emerged 14-10 winners after a FIFA executive vote. After winning worldwide praise for their hosting of the 2010 World Cup won by Spain, South Africa have adjusted their sights toward the African…

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Shittu retains Oyo CPC guber ticket

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The national leadership of the Congress for Progressive Change (CPC) was in Ibadan, the state capital, on Monday, to formally endorse the candidacy of Adebayo Shittu as the flag bearer of the party for the 2011 governorship election in the state. The visit was predicated upon the crisis that rocked the party after two candidates emerged at two separate congresses…

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Akwa Ibom gubernatorial contestant wants court to stop Akpabio

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Mild drama as impeached Ondo Speaker, deputy resume

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A mild drama ensued yesterday at the Ondo State House of Assembly as the impeached speaker and his deputy, Taofik Abdulsalam and Mayowa Akinfolarin, met an empty parliamentary session when they resumed. The duo were sacked on April 8, 2010 and subsequently suspended for keeping assembly properties in their custody. The two lawmakers did not receive salary and emoluments throughout…

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Kenyan shilling strengthens against weak dollar

The Kenyan shilling rose slightly against a broadly weaker dollar on Monday, with traders forecasting that the local currency will come under pressure due to end-month corporate demand for dollars. At 08:11 GMT, leading commercial banks quoted the shilling at 80.90/81/10 compared with Friday’s close of 81.00/10. Traders said they expect particularly strong demand for dollars from the energy sector.…

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Oil and gas sector recovers, to boost growth

Nigeria’s export earnings is expected to maintain strong growth in 2011 as a result of an increase in the oil price, higher oil export volumes and the general recovery of the oil and gas sector. Experts reveal that the recovery of the sector which accounts for about 20 per cent of its Gross Domestic Product GDP, has in turn, boosted…

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Hitmen light up Europe

24 January 2011 Manchester United's Dimitar Berbatov led a European parade of hat-trick hitmen that included Arsenal's Robin van Persie, Mario Gomez of Bayern Munich and Sevilla's Luis Fabiano. Bulgarian star Berbatov bagged his third hat-trick of the season in the 5-0 Old Trafford demolition of Birmingham to take his tally to 18 goals and keep United clear at the…

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Wolves pile on the pressure

24 January 2011 Warri Wolves moved into third place in the Nigeria Premier League with a 3-1 home win over struggling Plateau United. Kaduna United added champions Enyimba to their list of top-profile casualties with an odd goal victory at home, Bukola recorded a remarkable away victory at Crown FC and Lobi Stars pipped Ocean Boys 1-0. Striker Ekigho Ehuosun…

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Orlando Pirates go top

24 January 2011 South Africas Absa Premiership has a new leader after the weekends action, with Orlando Pirates now the pacesetters at the head of the table. That the Buccaneers are now top of the log is a remarkable thing, given that they found themselves 2-0 down against Bidvest Wits on Saturday evening at the same time that long-time leaders…

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A day at a voter registration centre

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The voter registration exercise going on all over the country is one that every Nigerian must participate in if they want to be able to vote for candidates of their choice during the next general elections. It has, however, been observed that to get registered at any of the centres is a herculean task as various challenges have trailed the…

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Nigeria and Malawi get high grain yield soybean

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Nigeria and Malawi have released three improved soybean varieties that can enhance the productivity of the crop and offer farmers better opportunities, scientists at the International Institute for Tropical Agriculture, IITA have said. The three varieties are code-named TGx1740-2F, TGx1987-10F, and TGx1987-62F. TGx1987-10F and TGx1987-62F were developed by IITA in collaboration with Nigeria’s National Cereal Research Institute (NCRI).TGx1740-2F was developed…

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Minister defends INEC’s performance

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Minister of State for the Federal Capital Territory, Caleb Olubolade, at the weekend flayed those criticizing lapses in the operation of the Direct Data Capture machines in the ongoing voter registration exercise. Rather, Mr. Olubolade, said, Nigerians should encourage the Independent National Electoral Commission for the success of the ongoing exercise. Addressing reporters in Ipoti-Ekiti, in Ijero Local Government Area,…

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