The fuel scarcity in Kano metropolis in the past two weeks has kept many tailors out of business. The News Agency of Nigeria (NAN) reports that the industrial machines in many tailoring centres visited were silent due to the lack of fuel to power the generating sets to make them functional. Similarly, many tailors were seen either sleeping or sitting…
Trading activities in Starcomms’ shares yesterday boosted market volume as the quantity of shares transacted during the day rose by 26.11 percent as against a marginal increase of 6.59 percent recorded last trading day. A total of 371.664 million shares were traded compared to 294.696 million at the previous trading session last Friday. Investors traded 69.569 million units of Starcomms’…
The Nigerian naira eased against the U.S dollar on the interbank market on Monday after the Central Bank sold dollars at a higher rate than last week at its foreign exchange auction. The naira closed at 155.85 to the dollar on the interbank market compared to 155.15 at Friday’s close, although the sale of $400 million by state-owned energy company…
9 May 2011 Sir Alex Ferguson hailed Manchester United's impending coronation as English champions for a record 19th time as a "fantastic achievement". United moved level with Liverpool's tally of 18 titles two years ago and their 2-1 win over Chelsea on Sunday means they now need one more point to secure their 19th. Ferguson's side are six points ahead…
9 May 2011 Nigerian clubs Enyimba and Sunshine Stars at the weekend shot to the next round of the CAF Champions League and Confederation Cup, respectively. Enyimba pipped hard-fighting Al-Ittihad of Libya 1-0 courtesy of a victor Barnabas penalty goal after 70 minutes to qualify for the money-spinning stage of the Champions League. The two-time African champions thus joined defending…
A part of Ikere-Ekiti community, in Ekiti State was yesterday taken over by armed security personnel following a protest by students of the College of Education Ikere-Ekiti over outrageous tuition fees introduced by the management of the institution. Carrying placards of various inscriptions, the students brought commercial activities in the second largest town in the state to a halt. They…
With the conclusion of the 2011 general elections, the Nigerian Union of Journalists has urged the Independent National Electoral Commission to reduce the number of political parties in the country. Members of the union spoke to the News Agency of Nigeria (NAN) in separate interviews in Umuahia and Abakaliki, the Abia and Ebonyi States capitals respectively. Section 78 (7i and…
The newly elected chairman of the Nigeria Labour Congress, Kaduna State council, spoke on issues he hopes to tackle during his tenure, as well as his progamme for the union. What do you think was the reason why you were overwhelmingly elected as the chairman of NLC Kaduna State council? The labour movements in Kaduna State are yearning for change…
2Shotz premieres new song Erstwhile Trybe Records rapper 2Shotz has released a new single titled “Damn!”, featuring upcoming act Funbi. The single was premiered on the online music portal notjustok.com on May 7. “Damn!” is a high tempo track and was produced by Blaze. Famous for delivering his rap lines in pidgin English, 2Shotz, whose real name is William Orioha,…
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…