South African President Jacob Zuma on Saturday launched a state-owned mining company in a move to ensure greater state involvement in the economically vital sector. Mr. Zuma said the African Exploration Mining and Finance Corporation, currently a subsidiary of the Central Energy Fund, would serve as the state-run mining firm, under which all state interests in mining would be consolidated.…
Mozambique will solicit bids for oil and gas exploration from international firms within the next two years, a senior government official said at the weekend. "Once every two years, we float international tenders to invite foreign firms to come and search for hydrocarbons in Mozambique," Mario Marques, an adviser to the southern African nation's minister of mineral resources told Reuters.…
Trading activities at the Nigerian Stock Exchange (NSE) last week witnessed more negative sentiments as against the mixed outlook recorded in the previous week, as market recorded 1.72 percent decline during the week. The NSE market capitalisation in the week depreciated by N146 billion to close at N8.368 trillion from N8.514 trillion. The All-Share Index also declined by 1.72 percent…
Mercy Johnson Ozioma, the 2011 recipient of the 'Best Actress’ award The Future Awards, is one of Nollywood's sexiest and fastest rising actresses.
Years after his death, the legacy of violence entrenched in Oyo State by Lamidi Adedibu, acclaimed strongman of Ibadan politics, still subsists. The evidence reared its ugly head on Thursday when a violent clash erupted between members of the proscribed National Union of Road Transport Workers (NURTW) in Oyo State and a contingent of the state government at the Olomi/Academy…
Lack of coordination between security agencies and the fact that there is no clear rule about which agency is in charge of crowd control are the main causes of stampedes, security experts have said. Last week, President Goodluck Jonathan ordered the office of the National Security Adviser (NSA) to ensure special training on crowd control for security officers, to prevent…
BENJAMIN NJOKU He was as born Joseph Oguchi Jacobs, but his fans call him Saro-Wiwa.Saro-Wiwa’s story reads like a novel. He started his music from the scratch without a mentor, and today he is a strong force to be reckoned with, when you talk of highlife especially in the South -eastern States where he holds sway. Saro-Wiwa In the five…
By BENJAMIN NJOKU Singing and dancing sensation, the bedazzling 9 year old beauty, Soaleze, brought big band excitement back into the Nigerian music scene with a public presentation of her debut singles ‘The 5th Horseman’ and ‘Ballerina’ last weekend in Abuja. Soaleze Attracting the cream of Abuja’s fun loving high society and the international media to the Nanet Celebrities Arena,…
At last Tomi, the 27-year-old wife of afro pop/highlife singer, Shakomended, has a cause to laugh again after undergoing a successful kidney transplant a fortnight ago at the St. Nicholas Hospital, Lagos with her husband as the live-donor. Lanre Fakeye and his wife The surgery was carried out by a team of expert nephrologists led by Dr. Shonibare, Consultant Surgeon/…