The oil-producing central African state of Congo Republic inaugurated a 120 Megawatt Chinese-funded hydroelectric power station late on Saturday aimed at bridging the gap in its energy needs. The $377 million Imboulou plant 150 km (90 miles) north of the capital Brazzaville is 85 per cent-funded with soft loans by China and was built by China National Machinery Equipment Import…
I readily confess to a fascination with the "theory of unintended consequences". But, a small clarification before anything further is written. My interest is not in the certainty that everything that may go wrong about a policy choice/decision is bound to. Confronted by almost six decades of inept and often cynical management of this economy, it is to be expected…
While a team of young entrepreneurs recently embarked on a financial literacy campaign to some parts of the country under the umbrella of ‘Financial IQ’ programme, one of the campaign contributors, Segun Olu of AirDock Services Limited, an export trading company said there are enormous opportunities awaiting entrepreneurs who would venture into export trading. Mr Olu said many people look…
Adjust ? or lose Nyako must adjust his policies if he wants to win next year's election. One of his greatest undoings is his refusal to pay NECO (National Examinations Council) and WAEC (West Africa Examination Council) fees, which the government hitherto was paying. In this state, the majority of the people are peasant farmers. So, what his predecessors did…
A High Court in Benin City has ordered the publisher of Midwest Herald, Omo-Ojo Orobosa and one of his reporters to pay a lawmaker ?10 million. Friday Itulah, representing Esan North East/Esan South East in the House of Representatives, had filed a suit accusing Mr Orobosa of libel. The presiding judge, A.N Ehigiamusoe, over the weekend found Mr Orobosa, who…
The Congress for Progressive Change (CPC), yesterday, filed a petition at the presidential election tribunal to challenge the result of the April 19 presidential election, alleging irregularities and noncompliance with the 2010 electoral act. The party is contesting the result of the election in about 20 states of the federation, cutting across the six geopolitical zones. Though a copy of…
Ice Prince loses mum Chocolate City rapper and 2009 Hennessey Artistry winner, Ice Prince, real name Panshak Zamani, lost his mother last week. According to a Chocolate City manager, Mrs Zamani died in a hospital in Jos, although details of the cause of death is yet to be confirmed. Mrs Zamani, who is said to be hypertensive, passed away on…