Prices of building materials have gone up by about 20 per cent in parts of Delta, the News Agency of Nigeria (NAN) reports. A survey by the state’s ministry of economic planning indicated that a bag of Elephant and Dangote cement, which sold at N1,600 in Asaba, Ughelli, Warri, and Sapele in December 2010, now cost N1,900. The survey also…
Nigerian interbank lending rates eased to 9.25 per cent on average this week from 9.83 per cent last week, after the disbursal of part of monthly budgetary allocations to government agencies, traders said on Friday. The secured Open Buy Back closed flat at 8.50 per cent, 200 basis points above the Central Bank’s 6.50 per cent benchmark rate and 4.5…
The inflation numbers for February are in, and they do surprise. Prices, it seems, are not growing as fast as they did two months ago. According to the new numbers, consumer prices in the country rose by 11.1% in the year to February, down from 12.1% in the year to January. Why? The most basic problem with inflation statistics in…
21 March 2011 TP Mazembe of the Democratic Republic of Congo defeated Simba of Tanzania 3-1 Sunday as they embarked on a journey that could lead to a record third consecutive African Champions League title. The 2010 FIFA Club World Cup runners-up led 2-0 at half-time in southern Congolese mining city Lubumbashi and increased their advantage before Simba snatched a…
21 March 2011 Kumasi Asante Kotoko grabbed the bragging rights over Hearts of Oak when they defeated their arch rivals 2-0 in the Ghana Premier League game on Sunday. A capacity crowd witnessed the game as the Porcupine Warriors spoiled the big party lined up by Hearts to begin their centenary year celebrations. First-half goals from Ahmed Toure and Daneil Nii…
21 March 2011 There are two types of coaches those who have been sacked and those who will soon be sacked. Several coaches have already been shown the door by the first round of the Nigeria Premier League (NPL) Erasmus Onuh (Bukola Babes), Kennedy Okogba (Ocean Boys), Tunde Abdulrahman (JUTH), Ladan Bosso (Niger Tornadoes), Emmanuel Osigwe (Heartland) and Ndubuisi Nduka…
Ogun State Governor, Gbenga Daniel at the weekend called on tertiary institutions in the country to diversify their revenue base to enable them meet their financial needs. Mr Daniel, who spoke at the second convocation ceremony of the Tai Solarin University of Education, Ijagun- Ijebu, said : “Tertiary institutions should look inwards and be close to their communities. They need…
Worried over the rise in the number of kidnap incidents recorded in the state in recent times, Delta State governor, Emmanuel Uduaghan at the weekend called for the immediate establishment of a special court to accelerate the trial and prosecution of all those caught in the act. Mr Uduaghan, who stated that cases of kidnapping in the state have taken…
The people of Ikole-Ekiti, Ekiti State, have dragged the state government to court to stop the relocation of the federal university from the town to Oye-Ekiti. Two persons were killed early February during a protest by Ikole people, who were angered by the reported announcement of Oye, a neighbouring town, as the new host of the university. The university is…
The federal government at the weekend expressed disgust over the attitude of some financial operators to consumers, which include failure to provide useful information on their new products. Ify Umenyi, director general, Consumer Protection Council (CPC), gave the charge during a financial services stakeholders’ meeting marking the 2011 World Consumers’ Day in Abuja. The DG, described the recent Central Bank…
The two parameters for measuring performance at the Nigerian Stock Exchange (NSE), the market capitalisation and the All-Share Index, fell to three month figures at the close of trading last week. The NSE market capitalisation of the 194 First-Tier equities closed the week at N7.789 trillion from the N8.174 trillion it opened with on the first trading day of the…
Tanzania’s year-on-year inflation rate rose for a fourth consecutive month in February on the back of higher food and fuel prices, staying in step with trends at east African neighbours Kenya and Uganda. Tanzania’s National Bureau of Statistics said on Saturday that consumer prices rose 2.2 percent in February, helping push the country’s inflation rate to 7.5 percent from 6.4…