A mild drama ensued yesterday at the Ondo State House of Assembly as the impeached speaker and his deputy, Taofik Abdulsalam and Mayowa Akinfolarin, met an empty parliamentary session when they resumed. The duo were sacked on April 8, 2010 and subsequently suspended for keeping assembly properties in their custody. The two lawmakers did not receive salary and emoluments throughout…
The Kenyan shilling rose slightly against a broadly weaker dollar on Monday, with traders forecasting that the local currency will come under pressure due to end-month corporate demand for dollars. At 08:11 GMT, leading commercial banks quoted the shilling at 80.90/81/10 compared with Friday’s close of 81.00/10. Traders said they expect particularly strong demand for dollars from the energy sector.…
Nigeria’s export earnings is expected to maintain strong growth in 2011 as a result of an increase in the oil price, higher oil export volumes and the general recovery of the oil and gas sector. Experts reveal that the recovery of the sector which accounts for about 20 per cent of its Gross Domestic Product GDP, has in turn, boosted…