The naira and its $500 million Eurobond could come under pressure in the coming days as the postponement of national elections unnerves investors, traders and analysts said on Monday. Africa's most populous nation postponed parliamentary and presidential elections by a week on Sunday, after failing to get logistics prepared in time, a major embarrassment for a nation hoping to break…
Nigeria may have foreclosed any plans to explore nuclear energy as an alternative source of electricity power generation. Minister of state for power, Nuhu Wya, who gave this hint in Lagos, said the country would explore other means of power generation in which it has comparative advantage. Responding to a question at the power conference held in Lagos last week,…
5 April 2011 The possibility of playing the rest of the Egypt premier league season behind closed doors or on pitches inside military camps has been suggested by the country's football association in the wake of a violent crowd invasion at the weekend. The league was due to restart on April 13 but has now been postponed indefinitely in the…
5 April 2011 After months of your nominations and votes, we finally settled on our MTNFootball.com All-Time African XI, which you can see here! However, we have had a ton of feedback from readers wanting to have their say. Here is a selection for you, why not tell us what you think! MTNFOOTBALL.COM READER FEEDBACK: From Bashar Kanoma:Make no mistake…
The N200 billion given to the Independent National Electoral Commission by the federal government since 2009, in terms of budgetary and supplementary budgetary allocations, to enable it prepare credible elections, has become one huge waste, says a civil society group, International Society for Civil Liberties and the Rule of Law (Intersociety). Speaking to NEXT yesterday in Awka, Anambra State, the…
An appeal against the emergence of Governor Adebayo Alao-Akala and some other members of the Peoples Democratic Party (PDP) in Oyo State suffered a setback on Monday as counsel failed to execute a court order properly. The Court of Appeal had, at its sitting last week, ordered that the Deputy Chief Registrar of the Federal High Court, Ibadan be directed…
The Ogun State Police Command yesterday read a riot act to suspected political thugs ahead of the rescheduled general elections, warning that the command had perfected the security network in its domain to deal ruthlessly with anyone caught. The Commissioner of Police newly deployed to the state, Olayinka Balogun, made this known after a meeting with all Area Commanders, Divisional…
Cote d'Ivoire's weather last week was ideal for the development of the April-to-September mid-crop with both rain and sunshine, but political instability has disrupted the harvest, farmers and analysts said on Monday. This year's mid-crop cocoa was expected to be larger compared with last season. But a violent political standoff in the world's top cocoa producing nation after a disputed…
Eni's chief executive has contacted rebels in Benghazi about energy cooperation, as the Italian oil and gas group moved to protect its role as the leading foreign oil operator in Libya. Eni's efforts were supported on Monday by Italy giving Libyan rebels its full backing. CEO Paolo Scaroni had phone contact with representatives of the rebels' National Transitional Council in…
The presidential candidate of the Action Congress of Nigeria (ACN), Nuhu Ribadu, has stated that he will focus on nine major policy themes that would enable the nation address and effectively manage the difficulties that its citizens are presently grappling with. Spelling out his vision in his manifestoes, he listed the policy themes as human capital development, the economy, infrastructure,…
Security operatives in Bauchi State have arrested four people suspected to be leaders. They were alledged used as political thugs including an aide to the State Governor after they were said to have been involved in several clashes between rival political parties in the state. It was gathered that the suspects are members of both the ruling Peoples Democratic Party…
Properties worth millions of Naira were lost to a late afternoon inferno that razed Gee Pee Plastic Industries in Asaba, Delta State on Sunday. The fire which started at about 3.30pm lasted several hours, destroying eight giant plastic colder, moulder machines, finished plastic products, over head water tanks and other raw materials worth millions of naira. The inferno did not…
Three persons lost their lives in a fire outbreak in a lodge occupied by students of the Federal Polytechnic in Gwallameji area of Yelwa in Bauchi metropolis. An eyewitness said the three persons who died in the fire incident, were a woman, her five-month old grandson, and a seven-year old girl, believed to be a baby sitter. The fire started,…
Big Brother starts in May M-Net Africa has announced that the sixth season of its reality show, ‘Big Brother Africa', would commence on Sunday, May 1, 2011. Tagged ‘Big Brother Amplified', the show will run for 91 days and attracts a grand prize of $200, 000. M-Net's Director, Biola Alabi, attempted an explanation of the theme this way on its…
Tunisia has ordered its brokerages to suspend securities trading by 123 firms, sources said, including Dubai’s Shuaa Capital and the parent companies of at least two publicly listed Tunisian firms. The firms were named in a confidential list issued at the end of February by Tunisia’s financial authorities. They are trying to pry loose the grip of overthrown President Zine…