South Africa launches state-owned mining firm

South African President Jacob Zuma on Saturday launched a state-owned mining company in a move to ensure greater state involvement in the economically vital sector. Mr. Zuma said the African Exploration Mining and Finance Corporation, currently a subsidiary of the Central Energy Fund, would serve as the state-run mining firm, under which all state interests in mining would be consolidated.…

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Mozambique to issue oil and gas tenders

Mozambique will solicit bids for oil and gas exploration from international firms within the next two years, a senior government official said at the weekend. "Once every two years, we float international tenders to invite foreign firms to come and search for hydrocarbons in Mozambique," Mario Marques, an adviser to the southern African nation's minister of mineral resources told Reuters.…

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Negative sentiment characterise stock trading

Trading activities at the Nigerian Stock Exchange (NSE) last week witnessed more negative sentiments as against the mixed outlook recorded in the previous week, as market recorded 1.72 percent decline during the week. The NSE market capitalisation in the week depreciated by N146 billion to close at N8.368 trillion from N8.514 trillion. The All-Share Index also declined by 1.72 percent…

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Treading the old path

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Years after his death, the legacy of violence entrenched in Oyo State by Lamidi Adedibu, acclaimed strongman of Ibadan politics, still subsists. The evidence reared its ugly head on Thursday when a violent clash erupted between members of the proscribed National Union of Road Transport Workers (NURTW) in Oyo State and a contingent of the state government at the Olomi/Academy…

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Experts blame security agencies for stampedes

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Lack of coordination between security agencies and the fact that there is no clear rule about which agency is in charge of crowd control are the main causes of stampedes, security experts have said. Last week, President Goodluck Jonathan ordered the office of the National Security Adviser (NSA) to ensure special training on crowd control for security officers, to prevent…

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Introducing Saro – Wiwa, the Bongo musician

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BENJAMIN NJOKU He was as born Joseph Oguchi Jacobs, but his fans call him Saro-Wiwa.Saro-Wiwa’s  story reads like a novel. He started his music from the scratch without a mentor, and today he is a strong force to be reckoned with, when you talk of highlife especially in the South -eastern States where he holds sway. Saro-Wiwa In the  five…

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9-year old Soaleze explodes on board

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By BENJAMIN NJOKU Singing and dancing sensation, the bedazzling 9 year old beauty, Soaleze, brought big band excitement back into the Nigerian music scene with a public presentation of her debut singles ‘The 5th Horseman’ and ‘Ballerina’ last weekend in Abuja. Soaleze Attracting the cream of Abuja’s fun loving high society and the international media to the Nanet Celebrities Arena,…

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Shakomended donates kidney to spouse

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At last Tomi, the 27-year-old wife of afro pop/highlife singer, Shakomended, has a cause to laugh again after undergoing a successful kidney transplant a fortnight ago at the St. Nicholas Hospital, Lagos with her husband as the live-donor. Lanre Fakeye and his wife The surgery was carried out by a team of expert nephrologists led by Dr. Shonibare, Consultant Surgeon/…

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Oil and Gas Exhibitions & Conferences 2011

The Upstream and Downstream Expo, is the first ever oil and gas technology event of its kind in the West African sub region that will bring together over 2,000 key industry players and visitors. The event will be holding at the Transcorp Hilton, Abuja; Nigeria’s most prestigious hotel, and is expected to be hosted by Nigeria’s Federal Ministry of Petroleum…

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Tunisia end trophy drought

25 February 2011 Tunisia ended a seven-year trophy drought Friday when they outclassed Angola 3-0 in Sudan to lift the African Nations Championship. Midfielder Mejdi Traoui put the North Africans ahead just after half-time in hot and humid Omdurman, striker Zouhaier Dhaouiadi struck the second and substitute Oussama Darragi completed the scoring 10 minutes from full-time. The teams drew 1-1…

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United to pile on pressure

26 February 2011 Manchester United will seek to pile the psychological pressure on their absent Premier League rivals on Saturday with a victory against Wigan to increase their lead at the top of the table. With second-placed Arsenal preparing for the League Cup final against Birmingham, and defending champions Chelsea with no fixture, a United win at Wigan will leave…

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Eagles US tourney botched

26 February 2011 Nigerias Super Eagles are stranded in the United States of America after organisers of an invitational tournament again put off the weekend kick-off of the competition. Nigeria were to have kicked off the tourney Saturday against Panama. Tournament organisers now want the round-robin competition to be played on March 12 and 13th. The Nigeria Football Federation (NFF)…

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