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…
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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27 March 2011 Jack Wilshere admits Fabio Capello laid the foundations for England's Euro 2012 qualifying win over Wales by telling his players to copy Barcelona. Capello wants England to replicate Barca's pressing game, which denies opponents time on the ball and disrupts their rhythm, and to drive home the point he showed his players video highlights of the Spanish…
27 March 2011 The drama of the 2012 Africa Cup of Nations qualification campaign resumes on Sunday with yet more top clashes to look forward too. Nigeria take on Ethiopia in a must-win for the Super Eagles, a game you can also follow with our play-by-play, while there is a huge match in north Africa as Algeria host Morocco. The…
The Commission of Inquiry into Witchcraft and Child Abuse in Akwa Ibom State has concluded plans to travel to London, United Kingdom (UK). The commission plans to meet with the Programme Director of a British registered charity, the Stepping Stones Nigeria (SSN), Gary Foxcroft, to get his testimonies over his organisation’s activities with the children of the state. The commission…
In its bid to diversify Nigeria's foreign reserve base, the Central Bank of Nigeria (CBN) has begun training of staff and operators in trading in the Chinese Yuan. Lamido Sanusi, CBN governor, has always made a case for diversifying the country's foreign exchange reserve, with a small shift into Asian currencies, in particular the Chinese Yuan. "If anything is changing…
Cell phones have become such a major part of our existence and for most people, our telephone bills have become a large monthly expense. Have you ever returned from abroad to find a shocking mobile phone bill awaiting you? When you use your phone abroad, as soon as it is detected on a roaming partners network, expensive international roaming rates…
The recent public presentation of the book, ‘The Ogbunigwe Fame' by Felix Oragwu brought up memories of the technological innovations that kept the Biafran dream alive from 1967 to 1970. During the vicious civil war, Biafra was blockaded and starved of access to resources ranging from domestic goods to industrial products. Necessity thrust upon Biafra the need to innovate and…
The prices of some essential commodities such as sugar and cooking oil have shot up in Kano, a survey by the News Agency of Nigeria has shown. The survey at various markets in the metropolis on Wednesday, showed that the price of sugar and cooking oil recorded significant increases over the past three months. A bag of Dangote sugar, which…
The Egyptian pound traded as weak as 5.9605 to the U.S. dollar on Thursday, its lowest level since January 2005. Bankers expect the currency to come under pressure in the coming days as foreign investors sell shares on the Egyptian stock exchange, which reopened yesterday after political unrest kept it closed for more than seven weeks.
25 March 2011 We will bring you live coverage of all the goals as they go in around the continent on both Saturday and Sunday! - Congo v Ghana, 27th March - Sudan v Swaziland, 26th March World Cup quarter finalists Ghana must beat Congo in Brazzaville on Sunday to brighten their chances of qualifying for the 2012 Africa Cup of…
25 March 2011 We will bring you live coverage of all the goals as they go in around the continent on both Saturday and Sunday! - Guinea-Bissau v Uganda, 26 March, Bissau - Kenya v Angola, 26 March, Nairobi Uganda have finally managed to scrape the money together to travel to Guinea-Bissau for their 2012 Africa Cup of Nations Group…
The Plateau State Independent National Electoral Commission (INEC) Resident Commissioner, Habu Zarma, said on Thursday that the Commission Is “fully ready” to conduct the April general elections. Mr Zarma, who stated this on Thursday at the Jos Civil Society and Media Roundtable on the April Elections, said all necessary arrangements for the conduct of the elections have been put in…
The Nigeria Railway Corporation (NRC) has expressed worry over the activities of land speculators who are encroaching on its property. “The corporation is also worried that the Enugu State Government and agencies collude to encroach on NRC property,” the NRC District Manager, East, Paul Ndibe, said. Mr Ndibe told the News Agency of Nigeria (NAN) in Enugu on Thursday that…