While the naira continues its slide, the Central Bank of Nigeria (CBN) insists that it would prefer to commit foreign reserves to defend the naira in order to curb inflation. After Wednesday’s currency auction, the naira slid to N153.39 to the dollar, from N153.18 at the previous auction. The Central Bank sold $300 million at N153.39, having sold same at…
The thirty-six states of the federation yesterday, renewed their demand for a complete review of the formula in the sharing of revenue between the three tiers of government on the basis of equity and fairness. Chairman of Finance Commissioners Forum, Rebo Usman, told reporters at the end of the Federation Accounts Allocation Committee (FAAC) meeting in Abuja that it is…
Investors at the Nigerian Stock Exchange recorded additional gains at the close of trading session on Thursday, as market-measuring parameters appreciated by 1.01 per cent; making it the third day of consecutive upward trend. The exchange market capitalisation of the 194 first-tier equities closed yesterday at N8.223 trillion after opening the day at N8.140 trillion, reflecting N83 billion gains. About…
Anxiety has gripped farmers in Kano State over the late arrival of the rainfall which heralds the commencement of the 2011 planting season, the News Agency of Nigeria (NAN) reports. An informal survey by a NAN correspondent in some parts of the state revealed that the farmers were restive about the situation, which they fear might affect this year’s harvest.…
Shuaibu Oba AbdulRaheem was the immediate past executive chairman, Federal Character Commissions. He is the Director General, Legacy Continuity Campaign Organisation, which handled the campaign of the Kwara State governor-elect, Abdulfatah Ahmed, during the just-concluded general elections. As the Director General of Legacy Continuity Campaign Organisation, how does it feel to be victorious? I feel happy and satisfied, at least,…
The government of Akwa Ibom State has said it would be proactive in dealing with the environmental problems and needs of oil communities in the state and would not wait for the challenges to degenerate into a social problem. The state governor, Godswill Akpabio noted that the government would pay more attention to the challenges of the oil communities with…
Tell us about your business. SimPen Baker Ltd. is a construction engineering company specialising in wall and floor surface preparation and finishing. Our core product is actually epoxy resin seamless flooring finishes for all types of residential, commercial and industrial spaces. What motivated you to go into business for self? Always loved a challenge. What roles do you play in…
The Players MecMen is a duo made up of brothers Meca and Menty. Founded in 2007 by Meca, the older brother, their watchword has always been to entertain. “We naturally love to entertain. A smooth melody has always been our weakness and therefore it only made sense that we combine both passions and make tunes.” The name MecMen was gotten…
They are a team of six, including three rejects from other teams. The rejected three had already lost motivation when they were edged out of their originally desired band. Betrayed, rejected and told they were “not good enough,” the contest appeared over for Beauty Aghedo, Eyube Enid and Justice Adigho even before it began. However, in an unlikely twist, they…
12 May 2011 Nigeria coach, Samson Siasia, has dismissed as a mere destraction a report that he plans to slap a two-match ban on England-based striker Osaze after a twitter rant against him. I have not known peace since the report came out that I will ban Osaze for our next two games, Siasia told MTNFoootball.com. As far as Im…
The three-man election tribunal that handles all petitions pertaining to the April polls in Edo State was inaugurated yesterday in Benin City. The panel is headed by Paul Obi Elechi, and supported by Dije Abdul Aboki and Olayinka Gbajabiamila. Mr Elechi, in his address at the end of the inauguration, wasted no time in warning litigants, their lawyers and officials…
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} The Ondo State government moved closer to its stated mission to create additional local councils in the state…
The Ekiti State governor, Kayode Fayemi, yesterday fired the Vice Chancellors of the three state-owned universities and the provost of the only College of Education in the state. The government said their removal, which was with immediate effect, was in preparation for the commencement of the repositioning of the education sector in the state. Mr Fayemi, according to a statement…
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