I was pleasantly surprised, in a conversation last week, to learn that of the many concerns over the Central Bank of Nigeria's (CBN) repairs to and reforms of the banking sector, the nationality of the would-be buyers of the banks rescued by the apex bank is the more troubling. Transparency of the accounting treatments of the intervention funds did not…
Yabawa Wabi, minister of state for finance, has advised the West African Insurance Companies Association (WAICA) to ensure adequate capitalisation of the WAICA Reinsurance Corporation. Mr. Wabi, who was represented by Fola Daniel, commissioner for insurance, at the National Insurance Commission (NAICOM), gave the advice at the 2011 WAICA Educational Conference in Lagos on Monday. The theme of the conference…
17 March 2011 Big-spending English giants Manchester City crashed out of the last 16 of the Europa League to Dynamo Kiev on Thursday, while there was also heartbreak for Paris Saint Germain at the hands of Benfica. Roberto Mancini's City side, bank-rolled from Abu Dhabi by Sheikh Mansour's 500 million investment, beat the Ukrainian club 1-0 at home but bowed…
Had the wicked attempted to do their worst? Were the sheep or goats sent by the PDP? And how did the flock suddenly appear on the runway just as the ACN charter aircraft was landing at Bauchi? Nobody takes much notice when reading about bird strikes on aircraft engines, but livestock colliding with landing planes is different. The fact is…
Supporters of the Labour Party (LP) and Action Congress of Nigeria (ACN) yesterday engaged in a violent clash in Ose area of Ondo State leaving one person dead and at least 15 people injured. For several hours, gun shots were fired by the fighters as residents scampered for safety. A close associate of a senator, Bode Olajumoke, simply identified as…
15 pharmaceutical and patent medicine stores in Calabar, Cross River State have been closed down for allegedly selling fake, unregistered, expired or banned drugs to unsuspecting members of the public. The closure was facilitated by a team from the National Agency for Food and Drug Administration and Control (NAFDAC) which carried out routine search on some designated Pharmacies and Patent…
When Nollywood actress Omotola Jalade-Ekeinde was spotted on the red carpet, at the 53rd Grammy Awards, it was hailed as a good development. Coming a few weeks after fellow actor Genevieve was featured on CNN's Connector of Day and Dbanj's collaboration with American hip hop star Snoop Dogg, the actress became a trending topic on social networking sites. Although she…
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Michael Chibogu is the chief executive officer of ‘Thots on Tees’. Established in 2010, ‘Thots on Tees’ is a branding and fashion line that customized inscriptions on T-shirts. A University of Ibadan drop out, Chibogu speaks to X2 on his business. What motivated you to go into business for self? I would say, because I got broke trading Forex, my…
An explosion was heard at a Nigerian onshore oil flow station operated by Agip in the Niger Delta on Wednesday, security sources said, but the cause was not immediately clear. A joint military task force confirmed there had been an explosion in Bayelsa State in the Niger Delta, but did not specify the exact location. Italian oil firm, Agip, was…
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18 March 2011 Title holders TP Mazembe are weary and record six-time winners Al-Ahly are rusty ahead of 2011 African Champions League debuts this weekend. Mazembe from the Democratic Republic of Congo host Simba of Tanzania as the second qualifying round begins and Ahly of Egypt have home advantage over SuperSport United of South Africa. There are 10 other former…
18 March 2011 After winning the FIFA Under-17 World Cup and featuring at last years World Cup, AS Monaco midfielder Lukman Haruna has set his sights on winning Olympic Gold with Nigeria in London next year. Haruna has been called up by the countrys Olympic team to do battle with Equatorial Guinea in a London 2012 qualifier next weekend in…
18 March 2011 The draw for the UEFA Champions League quarterfinals have thrown up some incredible ties, with perhaps the pick being the all_English clash between Chelsea and Manchester United. It is a repeat of the 2008 final, which United won on penalties, but this time the teams meet over two legs for a place in the semifinals. The third…