Some market operators at the Nigerian Stock Exchange (NSE) have criticised the recent proposed extension of trading period by another two hours. Emmanuel Ikazoboh, interim administrator of the NSE, announced last week that he will increase trading activities by another two hours within the next two months. The move will take trading hours to seven. The NSE had last December…
The National Pension Commission (PENCOM) said the recent review of its investment guidelines for pension fund assets was done in order to allow for investible funds to be channeled to critical sectors of the economy. The revised guidelines, which were released on December 16 last year, were designed to enable pension funds to be used to intervene in correcting the…
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15 March 2011 Black Stars coach Goran Stevanovic has handed the top scorer in the Ghana Premier League, Nathaniel Asamoah, a maiden call-up to the squad for this month's matches against Congo and England. The Serbian trainer has also recalled in-form Belgium-based defender Daniel Opare after a three-year absence in the 24-man squad. And impressive Qatar-based speedster Opoku Agyemang returns…
15 March 2011 Dolphin of Port Harcourt are the first round champions of the Nigeria Premier League (NPL). They have 43 points from 19 matches, four points ahead of closest rivals Sunshine Stars. MTNFootball.com lists five major reasons why Dolphin are on course to their third NPL title. 1. Continuity In a league, where most clubs lack stability as a…
15 March 2011 Some of Europes biggest clubs will be looking to use home advantage to seal a place in the quarterfinal of the UEFA Champions League when they play second leg knockout matches this midweek. First up on Tuesday evening, Manchester United and Bayern Munich host Olympique Marseille and Internazionale respectively. United come into the game after a morale-boosting…
The People’s Democratic Party in Osun State has accused leaders of the Action Congress Of Nigeria (ACN) of planning to contribute money to influence the outcome of a probe set up by the National Judicial Council to investigate the chief justice of the federation, Alphosus Katsina-Alu and the president of the Court of Appeal, Ayo Isa-Salami. The party, in a…
The Cross River State governor, Liyel Imoke has declared that some members of the state House of Assembly lost their re-election bid because of a careful assessment by the people of their constituencies. The governor spoke in Yala Local Government Area at a campaign rally of his party. “Those who were unable to offer effective representation and influence development projects…
The Presidential ambition of Nuhu Ribadu, candidate for the Action Congress of Nigeria (ACN) yesterday received a boost in Ogun State following the emergence of young group of undergraduates and professionals who formed themselves into a volunteer body, Nuhu Ribadu Volunteers, to work for his victory at the April poll. Speaking with NEXT in Abeokuta, the group’s director of mobilisation,…
Experts have stated that high oil price, which is expected to shore up the nation’s foreign reserves, may also have harsh effects on consumers’ pockets and companies books. The high oil prices, which experts foresee would last through March and April and moderate sometime midyear at the expense of consumers’ disposable income, would soon begin to have some indirect rippling…
Egypt’s government is reviewing a proposal to increase the size of a fund set up to help small investors who bought shares on margin or credit before political turmoil led to the bourse closing, a market official said. The stock exchange has been shut since January 27 amid a popular uprising that forced President Hosni Mubarak out of power after…
The Senate will this morning commence the third reading of the Petroleum Industry Bill (PIB) after it deferred deliberations last week. The postponement last week was due to the failure of senators to form a quorum, apparently as a result of the ongoing political campaigns. Last Tuesday, only 23 of 109 senators, 10 short of the required minimum to form…