I think the Central Bank of Nigeria’s policy rate is still too low! After nearly two days of meeting early last week, the CBN’s rate-setting committee (the Monetary Policy Committee) agreed to raise the policy rate by 25 basis points. The problem with discussing the monetary policy rate (MPR) in this country is its apparent divorce from the other indices…
The Federal Government said yesterday it would strictly monitor and evaluate all capital projects by its Ministries, Departments and Agencies (MDAs) as a way of improving budget performance and service delivery. Minister of Finance, Olusegun Aganga, who disclosed this at the Procurement Planning Sensitisation Workshop organised by the Bureau of Public Procurement (BPP) last Thursday in Abuja, said this was…
Kaduna Polytechnic will be closed down indefinitely as the Academic Staff Union of Polytechnics (ASUP) of the school in a congress last Friday declared a strike action, accusing the school management of fraudulently managing the school finances. Infuriated by the school management's decision to stop the payment of their allowances, which it claims is a nationwide agreement which has been…
Residents of Lagos Island Constituency II still have not found any comprehensible explanation to the outcome of the Action Congress of Nigeria's state House of Assembly primary election and they have regarded the exercise as a sham. Some of the residents, who claimed to be members of the Action Congress of Nigeria expressed shock over the emergence of Wahab Alawiye-King,…
We used to be called ‘Bendel number one’ because we were number one in everything we did. In education and sports we were number one and in crime we were number one, we were so number one in everything that once you find any Bendelite anywhere in the nation outside Bendel state, you would hear “up Bendel”. I still tell…
Pretty Nollywood actress Lilian Bach has finally broken the jinx, as she brings Bollywood stars to feature in a Nollywood flick. Lilian Bach and Yemi Blaq HVP gathered that the half-cast actress is producing a romantic movie, where she is featuring some actors from Bollywood. She’s said to have concluded the Lagos leg of the shooting of the film last…
By Aramide Pius Actress Mercy Aigbe in this interview, bares her mind, especially on the issue of her alleged snatching of someone else’s husband. Hear her own story… How do you feel when people meet you and gush that they are so happy to meet you? Mummy Mercy I feel really loved because that means they appreciate what I do.…
The Nigerian entertainment industry is well known for graduating artistes, who come into the limelight and fade out after a few hits as only a few are able to stay grounded and maintain a relationship with their fans. Jazzman Olofin After many years of silence, Afro Hip Hop crooner, Jazzman Olofin is planning a comeback via a new album which…
The debate on Nigeria's debt debacle appears an endless cycle. Available statistics on the spiralling figures do not add up with reasons adduced in government circles. While government claims the various loans, both domestic and foreign, were to facilitate the provision of basic socio-economic infrastructure that would make for qualitative living standard for the people, Nigerians do not seem to…
30 January 2011 Real Madrid hope their new loan signing Emmanuel Adebayor can help them topple champions Barcelona in the league, although they need their rivals to start dropping some points. Real trail Barcelona by four points in the Spanish first division and hope to get back to winning ways away from home when they travel to face Osasuna in…
30 January 2011 There have been some big scorelines in the preliminary round, first legs, of the African Champions League played so far this weekend. Raja Casablanca humiliated Tourbillon of Chad 10-1 in their encounter in Casablanca after leading 6-0 at halftime. Striker Hassan Tair netted a hat-trick for the three-time champions, while there were further goals from midfielder Abdessamad…
30 January 2011 Bukola Babes are the biggest revelation of the Nigeria Premier League this season after they beat Heartland 1-0 to shoot to third place on the table. The NPL new comers, whose top stars earn a monthly salary of about $200, have thus recorded 23 points from 13 matches. Bukola Babes would maintain third spot if closest rivals…
29 January 2011 Morocco was awarded the hosting of the 2015 African Nations Cup and the 2017 edition will go to South Africa, where last years World Cup was held, the Confederation of African Football decided on Saturday. The two countries were the only two candidates left in the running for the two tournaments after the withdrawal from the race…
29 January 2011 TP Mazembe goalkeeper Robert Kidiaba was the hero in a 9-8 penalty shootout to win the CAF Super Cup at the expense of FUS Rabat of Morocco at the Stade de la Kenya in Lubumbashi on Saturday. The 34-year-old shot stopper saved FUS effort in sudden death before he then put away the all-important kick to give…
The contentious primaries of the Action Congress of Nigeria, (ACN), in Edo State is causing a lot of ripples. Just a day after two commissioners and the Head of Service resigned their appointments, another commissioner has also resigned from the cabinet of the ‘Comrade Governor’. Commissioner of Agriculture, Tunde Lakoju did not just resign from the government, he also quit…