Uwaoma Ekeoma, assistant director, African Financial Institution (AFI), says the African Development Bank (ADB), has increased its project implementation in Nigeria from 21 percent to 48 percent. Mr Ekeoma made the announcement on Tuesday in Abuja at a workshop on Improving Financial Management and Disbursement Implementation Capacity for Projects. She said the workshop was aimed at improving the quality of…
The Bauchi State Fadama III Office says it has disbursed N58 million to Fadama Community Associations (FCAs) in the state between January and March 2011. The state Coordinator, Ali Garba, disclosed this in an interview with the News Agency of Nigeria (NAN) in Bauchi on Tuesday. Mr Garba said that the money was disbursed to FCAs in the 20 Local…
The boards of directors of First City Monument Bank (FCMB) and FinBank yesterday announced the signing of a Memorandum of Understanding (MoU) for the recapitalisation of FinBank and the combination of both banks. FCMB, in a statement yesterday, said the MoU execution followed a competitive process supervised and approved by the board of directors of FinBank, adding that the proposed…
5 May 2011 Unheralded Sporting Braga edged domestic rivals Benfica 1-0 in a nerve-jangling semi-final second leg on Thursday to set up an all-Portuguese Europa League final with league champions FC Porto. Braga's success saw the club from northern Portugal advance on away goals after a 2-2 aggregate draw and thwarted neutrals' hopes of a clash between traditional rivals Porto…
6 May 2011 Despite training just once on Wednesday evening, Nigeria B team still managed to beat their Liberian counterparts 1-0 to get the defence of the WAFU Cup in Abeokuta off to a winning start. Eagles drew the first blood in the 20th minute when Ekhigo Ehiosun fired in the opener which drew wide jubilation from the fair crowd…
6 May 2011 Manchester United will go on to secure a record 19th title if they defeat Chelsea in this weekend's Premier League shoot-out, Alex Ferguson said Friday. Speaking at a press conference ahead of United's showdown with Chelsea on Sunday, Ferguson said he was convinced that a win against the reigning champions would guarantee the title. United, who lead…
The 2011 general elections have come and gone. Like in every other state of the federation, Edo State participated fully in the exercise, except for the governorship election which was put on hold till 2012 when the tenure of the current governor, Adams Oshiomhole will expire. In appreciation of the unwavering support of the people and for voting overwhelmingly for…
The Akwa Ibom police command has cautioned the media against speculative reporting of the death of a former police boss believed to have been killed for political reasons. A retired Assistant Commissioner of Police, Anthony Udom, said to be an ACN chieftain, was shot and killed on Wednesday along Udoumana road, Uyo by unknown gunmen. But the Police spokesperson in…
Forty workers who were recruited into the service of Moba Local Government Area of Ekiti State by the immediate past administration in the state have called on the governor, Kayode Fayemi, to intervene over alleged plan to terminate their appointments by the current boss of the council, Bamidele Daramola. About 15 of the workers were employed as sanitary workers, another…
Michael Word made his debut in the music industry in 2004. In 2010, he released his radio hit single, "Do It For Love" and ever since, the Ladoke Akintola University of Technology graduate of pure and applied chemistry has worked with several artists in the industry, including eLDee and ex-beauty queen-turned-rapper, Munachi Abii. Currently signed to the London-based record imprint,…
Uti Nwachukwu made his first screen appearance in 2007 during the reality television show, ‘Next Movie Star’, where he emerged the first runner-up. In 2008, the computer science and education graduate from Babcock University entered the ‘Big Brother Africa III’ reality show but was evicted midway through the show. In 2010, he was recalled to the Big Brother house for…
After about four months of buzz, the now-annual comedy show, ‘Ay Live’ has arrived in Lagos. Tagged ‘AY Live: The Invasion’, the event, which took place on Sunday, May 1, drew a huge crowd to the expansive Expo Centre of the Eko Hotel and Suites, which was filled almost to capacity. In recent years, the ‘AY Live’ comedy show has…
The federal government yesterday said it would deliver an additional 750 mega watts of electricity to the national grid from the multi-million dollar Olorunsogo Phase 11 National Integrated Power (NIPP) by November this year. The construction cost of the Olorunsogo NIPP is pegged at about $600 million by the federal government. Other onging NIPPs are Omotosho, Ondo State; Ihovbo, Edo…
One major thing I find surprising as a professional is that our country is not data driven. There is no data bank where you can readily access information on a specific project. This clearly explains the absence of periodical research that seeks to gain brand related knowledge, attitudes and behavioural intentions of the consumers. Consumer research is one area that…
The World Bank has said it is prepared to provide support to any foreign investor interested in Nigeria's power sector. Onno Ruhl, World Bank country director for Nigeria said the Bretton Woods institution realises that the power sector is critical to the future of the economy. "We will do what we can to give comfort to investors who have the…