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…
Over the years, Kefee Obareki has attained some level of consistency with her Afro-pop sound whilst also carving niche for herself in the competitive Nigerian music scene. The Delta state born singer remains one of the few Nigerian gospel artists to successfully bridge the gap between gospel and commercial music. Since hitting the scene with her 2003 solo debut, ‘Branama’,…
Alex O was one of Nigeria’s hottest RnB and Pop artiste of the 90s.His velvety smooth voice, good looks, dance steps and perms made him a delight to watch back in the days. He was known for countless hits such as ‘Banana’, ‘Do it in the name of love’, ‘Nwadanma’, ‘Celebrate’ amongst many others. He brought in a new flavour…
Fidelity Bank Plc on Wednesday said its application for an international licence had the full backing of its shareholders. The group head of marketing and communications in the bank, Emma Esinnah, told the News Agency of Nigeria (NAN) in Lagos that the bank’s application for the licence was approved by the shareholders in December. Mr. Esinnah said the ratification for…
Nigeria sold 66.5 billion naira in 5-year and 3-year sovereign bonds at its second debt auction of the year, the Debt Management Office (DMO) said on Thursday. The debt office sold 30 billion naira in the 5-year and 36.5 billion in the 3-year instruments at Wednesday’s auction with marginal rates of 11 per cent and 9.25 per cent respectively, slightly…
Zambia’s economy is expected to grow 6.5 per cent this year and 6.6 per cent next year on the back of a rally in copper prices and improvement in agriculture, a Reuters poll of 12 economists showed on Thursday. “We expect copper prices to remain elevated due to sustained global demand, particularly from China,” said Gregan Anderson, analyst at the…
Godwin David, the gubernatorial candidate of the New Nigeria People’s Party (NNPP) in Rivers State, has promised to improve agricultural sector performance, if elected. Mr David, a former Personal Assistant to the Mayor of Port Harcourt City, said this in an interview with the News Agency of Nigeria (NAN) on Thursday in Port Harcourt. He said that he would create…
The Women Without Walls Initiative, a non-governmental organisation based in Jos, the Plateau State capital has given the Plateau State government a peace proposal to implement. The co-ordinator of the group, Esther Ibanga, explained that they are united with a vision “to develop a non-violent, creative and inclusive approach for conflict resolution and transformation in Nigeria, through women.” “We note…