The Action Congress of Nigeria (ACN) in Ondo State and its candidate for Owo constituency I in the state House of Assembly, Ogunoye Folashade have levelled charges of alleged certificate forgery against the Labour Party (LP) legislator-elect in the area, Samuel Arowele. This was contained in a petition they submitted to the Ondo State Election petitions tribunal. Counsel to the…
Cement dealers and block makers in the Federal Capital Territory on Wednesday lauded the Federal Government’s intervention to bring down the high cost of cement within 30 days. A cross section of cement dealers and block makers who spoke in separate interviews with the News Agency of Nigeria in Abuja said they were very happy with the development. Cynthia Ndubisi,…
The Kogi State Property and Investment Company Ltd (KOPIC) says it has secured a N1.7 billion loan to build 350 housing units in Lokoja, the state capital. Its Sole Administrator, Moses Okino, said on Wednesday in Lokoja that the loan was sourced from the Federal Mortgage Bank of Nigeria. Mr Okino said that vast land had already been acquired for…
Many people frown when it comes to calls for the holistic respect of the rights of nature. By respecting the rights of nature and understanding that we can do well to work with it and not against it, we will be on the road to achieving the systemic changes needed to halt humanity’s march to the cliff-edge. We shall be…
18 May 2011 Benfica could block the much-publicised transfer of Nigeria international Taye Taiwo to Italian champions AC Milan as he has signed a pre-contract with the top Portuguese club. Taiwo, 26, is a free agent in the summer after he refused to renew his contract with French club Olympique Marseille, but MTNFootball.com has now been told that Benfica had…
No fewer than 61 persons have been arrested and tried by the Mobile Court sitting in Afuze in Owan East Council Area of Edo State over sanitation offences. Braimah Abdulsalami, the Head, Environmental Department of the Council, disclosed this on Monday in Afuze, Edo, while inspecting the refuse dumps at Warake community. Mr Abdulsalami said that 30 of the people…
The Academic Staff Union of Universities (ASUU) on Monday advocated a review of the remuneration of elected public office holders which, according to the body, was "a pathway to solving Nigeria's sociopolitical predicament". Addressing a news conference at the end of its two-day national executive council meeting at Ahmadu Bello University (ABU), Zaria, the association's president, Ukachukwu Awuzie, described the…
A former vice principal of Jamat Nasir Secondary School and a native of Omu-Aran in Irepodun council of Kwara State, Lekan Adedayo, 57, had plans to venture into politics after his retirement, which he didn’t shy away from sharing. Perhaps reckoning it a launching pad for his own political ambitions, he lent his full support to the bid of his…
Some market operators have said that despite the current positive trend been witnessed at the Nigerian capital market, the nation's bourse is still underperforming. Bismarck Rewane, managing director of Financial Derivatives Company Limited, a business consultancy firm, said in spite of the upward trend in the market because of "impressive earnings announcements that spur investors, the lack of market depth…
The federal government has commenced inter-agency collation of data on the country's commodities export-import trend required for the development of agribusiness and agro-allied industries. The data which involve all commodities for the period between 2005 and 2010 for their respective distributive zones, are required by the Committee on Africa's Agribusiness and Agro-business Development Initiative (3ADI) to help realise its mandate.…
Former finance minister, Mansur Muhktar, has been appointed alternate executive director of the World Bank. He joins former finance minister, Ngozi Okonjo-Iweala and former minister of education, Obi Ezekwesili at the 67-year-old global financial institution. Muhktar's appointment, which is a full-time position in Washington, follows the recent creation of an additional seat for Africa region on the board of the…
The Nigerian naira strengthened against the U.S dollar on the interbank market on Monday, helped by increased dollar supply from the Central Bank at its bi-weekly auction, traders said. The naira firmed to 155.60 to the dollar from 155.85 on Friday after the Central Bank met all demands at Monday's bi-weekly auction. The Central Bank sold the $499.89 million demanded…
Kola Jamodu, the former Minister of Commerce and Industry says there is nothing wrong for Nigeria to borrow money to finance its infrastructure. Mr Jamodu made the declaration when he spoke with the News Agency of Nigeria (NAN) in Abuja on Monday. He was reacting to comments by the Debt Management Office (DMO) that the country needed to borrow money…
Some finance experts have urged the Federal Government to source for funds internally to reduce the nation's rising external debt stock. They told the News Agency of Nigeria (NAN) in Lagos on Monday that persistent good debt management strategies and prudential borrowing would bail the country out of the debt burden in no distant time. Mashudd Fashola, a Senior Lecturer…
17 May 2011 Lille will virtually wrap up the French Ligue 1 title on Wednesday evening if they defeat Sochaux at the Stade Lille-Metropole. Victory for Les Dogues would open up a six-point lead over second-placed Olympique Marseille with just two rounds of the league season left to play, meaning Lille would need just a draw from one of their…