Shehata to be fired?

28 March 2011 Africas most successful coach faces an abrupt end to his winning reign as the future of Egypts Hassan Shehata is decided this week in the wake of a dramatic loss at the weekend. A decision on the future of the coach is expected on Wednesday after Egypts hopes of a successful defence of their continental crown suffered…

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Saraki cautions labour over minimum wage threat

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Governor Bukola Saraki of Kwara State has advised labour unions to desist from issuing threats to state governments over the new minimum wage. Mr.Saraki said this in Ilorin on Saturday that such threats were unnecessary as the President had yet to sign the bill into law. However, he said that every state would pay the new minimum wage as soon…

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Oshiomhole takes campaign to markets

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The Edo State governor, Adams Oshiomhole has taken the campaign of the Action Congress of Nigeria (ACN) to traders in markets in Benin city, the state capital. The governor who led the campaign train to the Oliha market, Eyaen cattle market, Ahor Cattle market, Aduwawa market, New Benin market, Agbado market and Uselu market at the weekend, urged the traders…

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Party condemns exclusion from presidential debate

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The People's Mandate Party (PMP) and its presidential candidate, Batos Nwadike have condemned Mr Nwadike's exclusion from the presidential debate being organised by the Nigerian Election Debate Group (NEDG). Speaking in Abuja yesterday, the spokesperson of the Batos Nwadike Presidential Campaign Organisation, Esanerovo Agbodo said the exclusion from the debate is a ploy to kill the ambition of smaller political…

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Export-Import Bank to create 160,000 jobs by 2015

he Nigerian Export-Import Bank (NEXIM) at the weekend said it is committed to facilitating the process that would lead to the creation of over 160,000 new jobs in four critical sectors of the country's economy by 2015. Managing Director/Chief Executive of the bank, Roberts Orya, said export-oriented diversification investments programmes is designed to help develop the potentials in the manufacturing,…

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Uganda sees single digit inflation

Uganda sees headline inflation staying below 10 percent provided international oil prices hold near current levels and the shilling does not weaken any more, a senior central bank official said at the weekend. Louis Kasekende, deputy governor, Bank of Uganda, also told a press conference that the shilling currency was undervalued but the bank had no intention of dipping into…

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Interbank rates rise after Central Bank hike rates

Nigerian interbank lending rates jumped to 10.41 per cent on average last week from 9.25 per cent the previous week as the market adjusted to a 100 basis point hike in the central bank's key interest rate, traders said on Friday. The central bank on Tuesday raised its benchmark interest rate to 7.5 per cent in a bid to ward…

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