Nigeria sold N107.64 billion in 91-, 182- and 364-day treasury bills last Thursday as part of measures to control money supply in sub-Saharan Africa's second-biggest economy. The central bank said on Friday it sold N50 billion in the 364-day instruments at a 9.10 percent marginal rate, N40 billion in 182-day bills at 8.27 percent and N17.64 billion in 91-day bills…
Egypt's stock exchange, closed since January 27 because of the protests that ousted President Hosni Mubarak, has decided to reopen on Tuesday, the cabinet said in a statement. "The prime minister has presented proposed measures through the Egyptian Financial Supervisory Authority and the Egyptian Exchange in preparation for a resumption of bourse trading, and this is in light of the…
The University of Lagos, founded in 1962, is made up of two campuses, the main campus at Akoka, Yaba and the College of Medicine in Idi-Araba, Surulere.
27 February 2011 African Football Confederation (CAF) chairman Issa Hayatou says he is stressed out and wants to stand down from his job. "I want to stop because it's (his post) restricting, it's not easy," he told French radio station RFI on Sunday. "I'ver had 37 years in football, that's a lot, and what's more I am a member of…
28 February 2011 Table-topping Dolphin recorded their first draw this season in the Nigeria Premier League, but it could have been worse for the Port Harcourt side had hosts Shooting Stars taken their chances especially in the first half. Pillars also held back title-chasing Warri Wolves with a lone goal home win, just as Kwara United pulled off the biggest…
28 February 2011 The Absa Premiership title race took yet another intriguing turn this past weekend and the top three teams in South Africas top flight are now separated by just two points. Ajax Cape Town moved into first place with a 1-0 win over Free State Stars on Friday evening, but they were leapfrogged by Orlando Pirates, who returned…
The mood in the riverine community of Ode-Ugbo, Ondo State was tense and gloomy yesterday as the wife and three other family members of the deposed king of Ugbo Kingdom, Adebanjo Mafimisebi, who were allegedly killed in a fire, were buried. The former king's wife, Morenike, her grandchild and two daughters of the king, died in an early morning fire…
Elder statesman Ali Monguno has advocated for a national conference to give Nigerians the opportunity to discuss and proffer solutions to some of the major problems bedevilling the country from independence in 1960 to date. The 85-year-old elder statesman and first republic Minister of State for Defence (Airforce) made the suggestion while fielding questions at a News Agency of Nigeria…
Every year Nigeria spends billions of naira on the importation of different kinds of fertiliser which are often distributed to farmers at subsidised rates. Apart from the environmental impact of using chemical fertilisers, farmers in the rural areas often complain of inadequate access to the commodity. To address this challenge, Nigerian scientists at the Sheda Science and Technology Complex, Abuja…
Rihanna and Ciarra in a catfight Acclaimed singers, Rihanna and Ciara, engaged one another over the viral social network, twitter. The fallout was sparked after Ciara made comments about Rihanna's outfit on the celebrity fashion channel E! Appearing as a guest on E!'s Fashion Police, Ciara criticised Rihanna's outfit to some event they both attended. "I ran into her at…
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•AJ As the competition gets tougher each week, contestants are beginning to see that Nigerian Idol is not only a platform for who will eventually emerge winner, but also a big stepping stone for all contestants in the competition. There are indications that two out of the six finalists who recently left the competition may actually be in talks with…
… as Chidinma drops singles By Lolade Sowoolu No doubt, Lagos is to Nigeria what Hollywood is to America. Realising this, loads of entertainment practitioners – upcoming and established, troop into the state day in, day out wanting a bite of the Lagos pie. Omo Ibadan - Yetunde Joining the truck load of singers who have settled in Lagos from…
By John Abayomi ‘The King’s Speech’, an inspirational story about a speech impaired king , who later finds his voice to lead his people and nation became the toast at the 83rd Annual Academy Awards held Sunday night. Colin Firth, best actor (left) and Tom Hooper Best Director for 'The King's Speech' at the Academy Awards 2011. Photo: REUTERS And despite the…
South African President Jacob Zuma on Saturday launched a state-owned mining company in a move to ensure greater state involvement in the economically vital sector. Mr. Zuma said the African Exploration Mining and Finance Corporation, currently a subsidiary of the Central Energy Fund, would serve as the state-run mining firm, under which all state interests in mining would be consolidated.…