Getting cash into the hands of a teeming populace can be a Herculean task in a country as vast as ours. In spite of Nigeria's relatively sophisticated banking sector, the over 6,000 branches that the commercial and microfinance banks have introduced are not nearly sufficient for a potential market of over 140 million people. Because of low bank penetration, a…
South Africa’s loss may just be Nigeria’s gain. Many mine operators in South Africa are currently faced with the possibility of losing their mining titles, as the government is planning to nationalise the mines and withdraw existing operational rights. This is part of the government’s plan to distribute the country’s wealth more among the majority black population. Though the South…
Let us get down to the main course rather than nibble around the delicacy of starters. That climate talk shop in Cancun, Mexico was actually about the everlasting subject of global poverty. The Conference of the Parties, like its predecessors in Copenhagen and elsewhere, is an annual extravaganza of serious-minded scientists and politicians, inquisitive civil society, but also a motley…
Audu Ogbeh, Chairman, ACN Manifestos Committee, has predicted that Nigeria will become a two party state in the future. He expressed this opinion in an interview with the News Agency of Nigeria (NAN) in Abuja on Thursday, advising that such a situation should not give room for worry because it is normal in most advanced democracies of the world. Mr…
Pope Benedict XVI has prayed for peace, progress and security during the forthcoming elections in Nigeria. The pontiff gave his blessings when he granted audience to the Permanent Secretary in the Ministry of Foreign Affairs, Martins Uhomoibhi on Wednesday at the Vatican. According to a statement from the Nigerian Embassy in Rome, made available to the Europe Correspondent of News…
Nollywood actress, Genevieve Nnaji is the face of the new Luna Milk ‘Grow Shine...Add A Smile to Life’ campaign which includes TV Commercials, Print and Billboard advertisements. The TV Commercial was shot in Lebanon and was directed by Lebanese movie director, Ziad Barazi. In recent times the Imo state born actress has endorsed a number of products including appointed to…
Adeniyi Alaba is the Chief Executive Officer of Lakraft, a digital entertainment company. With two degrees, Ordinary National Diploma (OND) in Civil Engineering from Yaba College of Technology and a Bachelors degree in Building from University of Lagos, the 27 year old said his passion to proffer solutions motivated him to establishing Lakraft in 2008. Currently participating in the mandatory…
SODIC, Egypt’s third-biggest listed developer, said it is assuming zero sales for 2011 after three weeks of political unrest had unnerved investors. The high-end real estate firm, which does not fully recognise revenue until it delivers units, has a strong cash position, limited outstanding debt and land debt, as well as strong cash flows, its chief executive said. “To be…
Several hundred of cocoa growers chanting anti-European slogans marched to the European Union (EU) offices in Cote d’Ivoire on Thursday and burned a pile of cocoa sacks to protest against sanctions crippling the industry. A pile of several 60-kg sacks of beans were set ablaze as planters carried banners reading ‘Shame on the EU’ and ‘No to economic slavery’, and…
18 February 2011 The fairytale winning run of South Africa in the African Nations Championship ended Friday as they fell 2-0 to Algeria in Sudan. Abdelkader Laifaoui broke the quarter-final deadlock from a penalty one minute before half-time and Hocine Metref added a second goal three minutes into stoppage time on an artificial Khartoum Stadium pitch. Algeria will return to…
19 February 2011 Super Eagles latest addition Joel Obi has admitted his priority is to establish himself in the first team of Italian champions Inter Milan. The 19-year-old midfielder, who shone like a million stars on his Eagles debut against Sierra Leone recently, told MTNFootball.com he wishes to be playing week in, week out at Inter. I want to be…
Sule Kuki, the Executive Chairman, Katsina State Universal Education Board, said, a total of 8,000 primary school teachers are to benefit from the 2010 promotion exercise. Mr Kuki, who said this in an interview with the News Agency of Nigeria (NAN) in Katsina on Thursday, explained that the processing of the 2010 promotion has been completed. He added that the…
The Zurmi Local Government Council in Zamfara State has suspended three village heads for alleged involvement in partisan politics. This was announced in a statement signed by the Secretary to the council, Aliyu Magaji in Zurmi on Thursday. The statement named the village heads as Isah Dankane of Dutsi; Magaji Mande of Maizuma and Hashimu of Gidan-kayya. According to the…
The Borno Police Command has said that it shot three suspected robbers along Banki Highway in Bama Local Government Area (LGA) of the state. Mohammed Abubakar, the Commissioner of Police disclosed this to newsmen in Maiduguri on Thursday, saying that a police patrol team had been alerted of the bandits’ operation in the area and had wasted no time mobilising…
The Player Oluwatobi Ayoade is a senior secondary school student of Ibadan International School in Ogun State. He is combining school with music making, he goes with the moniker, Masta T (MT for short). The 14 year old rap artist said it has always been music for him, “I have always loved music since I was old enough to talk…