The People’s Democratic Party (PDP) asked the Independent National Electoral Commission (INEC) yesterday to reject the submission of Kolawole Olagunju and Bayo Idowu’s names — or any substitutes for them — as Action Congress (ACN) candidates for the Central Senatorial district and Ekiti Central Federal Constituency I respectively of Ekiti State. The party claimed, in a petition to the electoral…
Federation of Ekiti State Students Union (FESSU) yesterday called on President Goodluck Jonathan to stop the political manipulation of the location of the federal university to avert crisis in the state. Protests have trailed the recent decision to move the university from Ikole-Ekiti, which was the initial town named by the state government as host for the newly created institution.…
Monthly comedy show, Stand-up Nigeria will organise a special valentine edition on Saturday February 26 at the Muson Centre, Lagos. According to the show’s producer, Bunmi Davies, “this edition is designed to give lovers, couples and the whole family a once in a life time valentine experience with five hours undiluted comedy by established and upcoming talented comedians”. Stand-up Nigeria…
The 36 state governments on Monday restated their demand for more transparency and accountability from the Nigerian National Petroleum Corporation (NNPC) and other revenue collection agencies in the country to enhance the profile of federally generated revenue. Akwa Ibom State governor, Godswill Akpabio, who made the states’ position known at the retreat for Revenue Mobilisation Allocation and Fiscal Commission (RMAFC)…
The Nigerian Stock Exchange recorded a total gain of N662 billion on equities at the close of trading activities in January, after the marginal gains of N5 billion in the preceding month. The market value of the 217 listed equities, which opened the month at N7.913 trillion, closed on the last trading day in January at N8.575 trillion, reflecting a…
Chinese telecoms hardware and network makers are biting off bigger chunks of African business and are likely to overthrow hitherto dominant European vendors in a region with mouthwateringly low penetration rates. While in the past they might have brought unreliable technology and a handbook only in Chinese, the firms are leveraging on a pool of skilled labour and government loans…
Residents of Karu Community, one of the settlements in the outskirts of the federal capital, Abuja over the weekend kicked against attempts by the Federal Capital Territory Administration to take over a parcel of land originally designed as a recreation ground for the settlement. The protesters, who are mainly youth carried placards decrying the FCDA directive, they almost had an…
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Kenya’s shilling was slightly weaker against the dollar on Monday, pressured by dollar demand from the energy sector and traders said they see the shilling gaining once tea exports start flowing to Egypt. At 0815 GMT, commercial banks quoted the local currency at 81.35/55, from Friday’s close of 81.40/50. “The shilling has been under a lot of pressure for a…
More private companies have expressed their interest in the electricity companies being offered for sale by the federal government ahead of the February 18 deadline for receipt of applications. In December last year, the government, through the Bureau for Public Enterprises, called for interested buyers for 51 per cent stake in 11 electricity distribution companies, while concessionaires are sought for…
Ordinarily, consolidation makes a position of power or success stronger so that it is more likely to continue. Several enterprises have utilised consolidation by way of mergers, acquisitions, and combinations to avert failure or grow their businesses. However, it is a risky double-edged sword that could mar the fortunes of enterprises if improperly conceived. The case of Nigeria’s banking industry…
The executive members of the students’ union government of Ambrose Alli University, Ekpoma, have directed students of the institution not to pay more than half of their school fees for the current academic session. This is coming just as they decry the poor state of infrastructure of the state-owned school. The union also called on the President Goodluck Jonathan, the…
The National Universities Commission recently introduced entrepreneurship studies as a compulsory subject for all university undergraduates in Nigeria. So the Nigerian Educational Research and Development Council (NERDC) has also included entrepreneurship studies in its newly-developed curriculum for secondary schools. Godswill Obioma, executive secretary of the NERDC told journalists at the weekend in Abuja that the effort is geared towards inculcating…
The Federal Capital Territory’s secretary for social development, Blessing Onuh, along with other administration delegates, presented Valentine’s Day gifts, including money, yesterday to survivors of the New Year’s Eve bomb blast in Abuja. The delegates visited people who were injured during the bomb blast, which occurred at the mammy market inside Mogadishu Barracks, at the Asokoro General Hospital where they…
Nigeria's comedian, Koffi and his group, Workerman Movement will release their debut album titled ‘All Eyes Open' in March 2011. The album which will be marketed by Happy Boys Entertainment will contain 12 songs and 3 bonus tracks. With singles -‘No Be Ashy' and ‘Going Nowhere' currently receiving airplay, the group also known as workerholiks, will also release their video…