Despite losing nearly one percent in value at the official market since the beginning of the year, the Central Bank of Nigeria (CBN) has insisted that it will not devalue the naira. CBN governor, Lamido Sanusi who defended his position said the institution has multiple roles as a development institution, one of which is maintaining price stability. The International Monetary…
8 March 2011 Chelsea manager Carlo Ancelotti did his best to pour cold water on the idea his side are back in the Premier League title race after Monday's 3-1 victory over relegation-threatened Blackpool. Goals from captain John Terry and a double from Frank Lampard - the first a penalty - helped Chelsea to a win against the hard working…
8 March 2011 South Africas Nedbank Cup, the equivalent of the FA Cup in England, stages its Last 32 round this week and there are no less than six all-top flight ties, which should allow for minnows from the lower league to progress into the latter stages of the tournament. The pick of the games is undoubtedly the meeting of…
At least 142 graduates of the Obafemi Awolowo University (OAU). Ile-Ife, had first class degrees in the university in the 2008/2009 and 2009/2010 academic sessions. The chairman of the university’s ceremonials committee, Akinola Aguda, who disclosed this at a pre-convocation press conference, stated that 6,862 graduates will bag the degrees of the university at the 38th convocation ceremony of the…
A former Head of State, Yakubu Gowon, has urged Nigerians to shun sentiments and vote according to their conscience in the April general election. Mr. Gowon made the call in Bauchi on Sunday, while speaking at the North-East session of “Nigeria Prays”, a movement devoted to praying for the nation. “We are not saying Christians should vote for Christians or…
The Bauchi State office of the GoodLuck/Sambo Campaign Organisation has said that its coordinator, Ibrahim Umar, has not gone into hiding. Reacting to a recent advertorial credited to the organisation, the director, media and publicity of the organisation, Garba Bello, who spoke at a press conference held at the state campaign office in Bauchi yesterday, described the allegation as baseless,…
A total of 331 applications were received as at March 4, 2011, being the deadline for the submission of Expressions of Interest (EOIs) in the privatisation of the successor companies created out of the Power Holding Company of Nigeria (PHCN) according to the Bureau of Public Enterprises (BPE). “One hundred and seventy four applications were received from prospective investors/concessionaires interested…
Nigeria’s banking sector could see 20-25 percent loan growth over the next three to five years as demand for both consumer and infrastructure finance increases, the chief executive of Stanbic IBTC said. Chris Newson, head of the Nigerian unit of South Africa’s Standard Bank, said growth would be driven by Nigeria’s significant infrastructure finance needs as well as the emergence…
While it is not yet certain when the planned demutualisation of the Nigerian Stock Exchange (NSE) would take place this year, some market operators have urged that the process be transparent to restore investors’ confidence in the system. Demutualisation is transforming the NSE from being a self-regulatory organisation to a public organisation. Boniface Okezie, the national chairman of the Progressive…
7 March 2011 Kenny Dalglish has urged Liverpool to use the momentum from their impressive 3-1 win over Manchester United to spark a successful end to the season. Dalglish was able to savour the best result of his second spell in charge at Anfield on Sunday as Dirk Kuyt's hat-trick put United to the sword in convincing fashion. After a…
7 March 2011 The UEFA Champions League Round of 16 continues this week with four second round ties, the pick of which is the meeting of Barcelona and Arsenal at the Nou Camp on Tuesday evening. The Gunners claimed a stunning 2-1 win over the Spanish giants in the first leg last month, but they are still regarded as underdogs…
7 March 2011 A lifetime dream of watching Manchester United live in action at Old Trafford, aptly known as the Theatre of Dreams - is set to become a reality for Malose Kutumela this week, after winning the MTN8 Last Fan Standing competition, held during the MTN8 football competition at the start of the 2010/2011 season. The 8-day trip which…
Mr Adenigbo, through his chamber, Adenigbo of A.A Ojopagogo and Company accused the men of the NSCDC of allegedly brutalising Mr Adeleye at his office located along Hospital Road, Akure around 4.pm on 12th January, 2011. It was gathered that Mr Adeleye who is the Public Relations Officer of Suppliers Association of Ondo State, had bailed two members of the…
The Ondo State governor, Olusegun Mimiko, yesterday flagged off the dualisation project of Owo Township Road. The road project will cost the sum of N3.9 billion out of which N814 million has been paid to the contractor, CGC Construction Company Limited, to facilitate the timely completion of the project. Speaking at the ceremony, the governor told the people that the…
A leader of the Peoples Democratic Party (PDP) in Ogun State, Segun Alawode, yesterday advised the embattled governor, Gbenga Daniel, and his faction of the party, to close ranks with the party’s governorship candidate, Tunji Olurin, in the interest of their (Daniel’s group) political future. Mr. Alawode, a former candidate for the House of Representatives, who later withdrew for the…