The economic problems of Nigeria are easily identifiable. These are power, decrepit infrastructure, social amenities, agriculture, and absence of conducive environment for businesses to thrive. Not a few citizens believe that once these critical aspects are taken care of, other pieces will begin to fall into place and thus guarantee an improved quality of life. As expected, nearly all the…
African immigrants sent home over $40 billion (N6 trillion) in remittances last year, according to a new joint report by the World Bank and African Development Bank. The figure is down from $41 billion in 2008 and just over US$38 million in 2009, according to a similar report last year. The report which covers r e m i t t…
7 April 2011 Italian giants AC Milan have joined the hot chase for Nigeria international striker Emmanuel Emenike. Emenike, who made his Super Eagles debut against Sierra Leone in February, has attracted the interest of Milan after netting 13 goals thus far for his modest Turkish club Karabukspor. According to a report by Lig TV, Milan have kept tabs on…
7 April 2011 Video: Saturday, 2 April highlightsVideo: Sunday, 3 April highlightsThe Nedbank Cup Last 16 round of fixtures will be completed this weekend, with plenty to look forward to in terms of eye-catching match-ups. Free State Stars host SuperSport United at Goble Park on Saturday (15h00 kick-off) in a fixture that has been dominated by SuperSport in recent seasons.…
7 April 2011 The UEFA Europa League quarterfinals begin on Thursday evening, with no less than three Portuguese teams looking to advance into the semifinals. Porto, who have already wrapped up the 2010/11 Portuguese Liga title, host Spartak Moscow at Estadio do Dragao in the first leg of their tie. The main concern for coach Andre Villas-Boasis that Portos celebrations…
The Nigeria Drug Law Enforcement Agency (NDLEA) embarked on a campaign to reduce illicit hard drugs consumption by youths through various programmes. The agency’s Commandant in Abia, Florence Ezeonye, disclosed the initiative in an interview with the News Agency of Nigeria (NAN) in Aba, Abia on Wednesday. Mrs Ezeonye said the agency had already organised a counselling and sensitisation programme…
The Action Congress of Nigeria (ACN) Senatorial candidate for Ondo North Senatorial District of, Olu Agunloye yesterday accused the state government of sponsoring hoodlums to deface his billboards in the area. He lamented that most of the billboards he erected in Akoko land had been removed by Labour Party (LP) supporters while in some cases, his posters were removed and…
A medical doctor, Femi Fakorede, working with the Federal Medical Centre, Yola, has died from a disease suspected to be Lassa fever. The chief medical director of the centre in the Adamawa State capital, Aliyu Danburam, made this known after three of the institution’s medical personnel were strangely diagnosed of the disease. The victim died at the Irrua Specialist Centre…
The naira may not necessarily come under uncontrollable pressure due to the delayed elections, according to some finance experts. Victor Ndukauba, investment research analyst on banking and infrastructure, Afrinvest, a finance research and analysis firm, said though there has been an accumulating pressure on the naira, “the delay in elections would not translate to an uncontrollable pressure on the naira.”…
Goodluck Jonathan, the presidential candidate of the ruling Peoples Democratic Party (PDP), has promised to consolidate his administration’s achievements on the economy, particularly in ensuring that the country attains stable power supply, while agriculture is commercialised and mechanised to provide employment to the youth as well as build a stable economy. His manifestoes, called ‘Agenda for Transformation’, launched as part…
By April 15, 2011, important financial reforms proposed by the U.S. government will come into force. Transnational corporations listed on the US Securities and Exchange Commission (SEC) have been scrambling to insert clauses that would allow them continue operations on the well-worn path of double ‘transparency’ standards. Observers hope there will be no serious changes in the SEC rule as…
The lawmaker representing Ekiti North Senatorial District at the National Assembly, Ayo Arise, has called for the National Broadcasting Commission to sanction the Ekiti State Broadcasting Service. Mr Arise claimed that the broadcasting station announced that he (Arise) lost in Ido/Osi, Oye, Moba and Ikole Local Governments in the National Assembly elections that were cancelled by the Independent National Electoral…
The battle for supremacy in Akungba Akoko in Akoko South West Local Government Area of Ondo State has continued to create tension in the area as the Action Congress of Nigeria (ACN) and the Labour Party (LP) intensify efforts to hold sway in the area. The crisis in the area has degenerated to a level that the two parties have…
Investigation in some motor parks in Kaduna metropolis revealed that the number of passengers travelling out of the state have increased for a non-festive period. Fears of fresh violence in some states in the north were reported, following the cancellation of the April 2 National Assembly election, which some political parties have described as a deliberate ploy by the ruling…
Winners of MTN Project Fame West Africa (PFWA), Iyanya Mbuk, Mike Anyasodo and Chidinma Ekile, are billed to perform at the 2011 installment of The Ghana Music Awards on Saturday, April 9, 2011. According to the awards’ PR company, Black House Media, the three acts will participate in different ways. “It’s part of the plans to expose and empower our…