Smooth elections in Nigeria could differentiate it from other political hot spots in the region and trigger renewed frontier investor interest in its Eurobond and equities. Appetite for Nigeria’s $500 million debut Eurobond has been lacklustre since it launched two months ago, while a rally in the stock market in the first few weeks of the year has petered out,…
Europe’s prospects of receiving Libyan oil shipments would be weeks away, even if rebels were quickly removed from the international sanctions list, as big buyers say shipping and legal risks are still a concern. A senior Libyan rebel official said Gulf oil producer, Qatar, had agreed to market oil produced from east Libyan fields that are no longer under the…
28 March 2011 Qualifying for the 2012 Africa Cup of Nations has reached the halfway mark in all pools bar Group K, which is now well advanced. Here is the low-down on how things ave gone so far: GROUP A Cape Verde are the surprise leaders with seven points their three matches, which includes a fantastic 1-0 victory over Mali…
3 March 2011 MTNFootball.com last year introduced a new rankings system for African nations whereby we take into account only the teams' most recent matches to determine who is the best on the continent! Unlike the FIFA World Rankings, we take current form into account and position the countries based on their performances in recent months, compiling a list of…
Angered by her inability to clinch its Edo South senatorial ticket during the recent primary election, a frontline member of the Action Congress of Nigeria (ACN), Mercy Obamogie has formerly pulled out of the party. In her resignation letter, which was made available to NEXT, Mrs. Obamogie accused the leadership of the party in Edo State of hijacking and manipulating…
The minister of Education, Ruqayyatu Ahmed Rufa'i at the weekend in Ado-Ekiti said the Federal Government has mandated the Petroleum Trust Development Fund (PTDF), the Education Trust fund (ETF) and other agencies to commence aggressive training of staff with relevant skills, particularly in the areas of science, technology and engineering. The Minister, who spoke at the 15th convocation of the…
Close to 2,000 women are living with Vesico-Vaginal Fistula (VVF) disease in Bauchi State, the Medical Officer of the Ningi General Hospital, Mansur Dada, said in Bauchi at the weekend. Mr.Dada, who briefed journalists who visited the newly established VVF repairs and treatment centre at the hospital, said while some of the patients had made efforts to seek medication, others…
Misofunyi Entertainment in partnership with Stingomania Records will host ‘The Dagrin Memorial Carnival' on April 21 at National Stadium in Lagos. Speaking about the forthcoming event, Ope Banwo the chief executive officer of Stingomania Entertainment said "a Dagrin anniversary, particularly the first one, cannot be complete without his colleagues gathering together to salute him in the language he understands best,…
28 March 2011 Africas most successful coach faces an abrupt end to his winning reign as the future of Egypts Hassan Shehata is decided this week in the wake of a dramatic loss at the weekend. A decision on the future of the coach is expected on Wednesday after Egypts hopes of a successful defence of their continental crown suffered…
Governor Bukola Saraki of Kwara State has advised labour unions to desist from issuing threats to state governments over the new minimum wage. Mr.Saraki said this in Ilorin on Saturday that such threats were unnecessary as the President had yet to sign the bill into law. However, he said that every state would pay the new minimum wage as soon…
The Edo State governor, Adams Oshiomhole has taken the campaign of the Action Congress of Nigeria (ACN) to traders in markets in Benin city, the state capital. The governor who led the campaign train to the Oliha market, Eyaen cattle market, Ahor Cattle market, Aduwawa market, New Benin market, Agbado market and Uselu market at the weekend, urged the traders…
The People's Mandate Party (PMP) and its presidential candidate, Batos Nwadike have condemned Mr Nwadike's exclusion from the presidential debate being organised by the Nigerian Election Debate Group (NEDG). Speaking in Abuja yesterday, the spokesperson of the Batos Nwadike Presidential Campaign Organisation, Esanerovo Agbodo said the exclusion from the debate is a ploy to kill the ambition of smaller political…
he Nigerian Export-Import Bank (NEXIM) at the weekend said it is committed to facilitating the process that would lead to the creation of over 160,000 new jobs in four critical sectors of the country's economy by 2015. Managing Director/Chief Executive of the bank, Roberts Orya, said export-oriented diversification investments programmes is designed to help develop the potentials in the manufacturing,…
Uganda sees headline inflation staying below 10 percent provided international oil prices hold near current levels and the shilling does not weaken any more, a senior central bank official said at the weekend. Louis Kasekende, deputy governor, Bank of Uganda, also told a press conference that the shilling currency was undervalued but the bank had no intention of dipping into…
Nigerian interbank lending rates jumped to 10.41 per cent on average last week from 9.25 per cent the previous week as the market adjusted to a 100 basis point hike in the central bank's key interest rate, traders said on Friday. The central bank on Tuesday raised its benchmark interest rate to 7.5 per cent in a bid to ward…