The management of the Nigerian Stock Exchange (NSE), yesterday, reiterated that its current trading platform is functional, against insinuations that it is outdated following the Exchange's move to replace it. Emmanuel Ikazoboh, interim administrator of the NSE, had announced last month that the Exchange's council approved the acquisition of a new trading platform. "An ad-hoc committee of management and council…
The Public and Private Development Centre (PPDC) Assessment Report on the implementation of the Nigerian Procurement Law, has revealed that the Ministries of Petroleum Resources, Agriculture and Water Resources, Education and Health violate the procurement regulations more in Nigeria than other MDAs. The report which was launched on Monday in Abuja also warned that the continued failures in these ministries…
Notable leaders from Akure, capital of Ondo State, yesterday met to chart ways of bringing meaningful development to the ancient city. At a summit organised by the Akure Divisional Consultative Forum, leaders of the town stressed the need for unity in the effort to transform the city. The convener of the meeting, Olu Aboluwoye noted that despite the fact that…
The police have arraigned a 19-year-old girl, Jennifer Alumona, and three other male suspects before an Abuja High Court on a five-count charge of conspiracy, assault and armed robbery. Charged with Alumona, on Tuesday, for being in possession of a locally-made double barrel pistol with two live cartridges, conspiracy and robbery are Idris Olayemi, 25; Abdullahi Ibrahim, 25 and Yusuf…
South Africa’s economic growth came in higher than expected in the fourth quarter, boosted by stronger growth in the mining and agricultural sectors, according to data released on Tuesday. Statistics South Africa said the economy grew by 4.4 per cent in the fourth quarter on a seasonally adjusted and annualised basis, compared with an upwardly revised 2.7 per cent expansion…
The number of Egyptians with mobile telephones grew to 66.87 million as of November, 25 per cent up from a year earlier, according to figures published on a government website. Egypt is the Arab world’s most populous country, with about 79 million people. In November 2009, Egypt’s three mobile operators - Etisalat Egypt, Mobinil, and Vodafone Egypt - had 53.682…
Federal Government says it has initiated plans to fix investments draught in the upstream sector of the nation’s oil and gas industry. Finance minister, Olusegun Aganga, disclosed this in Abuja on Monday while addressing delegates at the ongoing Nigeria Oil and Gas (NOG) Conference. Mr. Aganga said that major oil companies had slowed down investment in the sector in expectation…
23 February 2011 Carlo Ancelotti believes Chelsea's 2-0 win over FC Copenhagen proved his forwards are capable of firing the team to Champions League glory. After the misery of last weekend's FA Cup exit against Everton, Nicolas Anelka gave Blues boss Ancelotti some much-needed breathing space as his double-strike put Chelsea within touching distance of the Champions League quarter-finals. Defeat…
23 February 2011 The second leg fixtures of the UEFA Europa League Round of 32 have already gotten underway, with CSKA Moscow booking their place in the next round after a 1-1 draw (handing them a 2-1 aggregate win) against PAOK on Tuesday. Wednesday night sees just one fixture, with Porto looking to build on a 2-1 lead when they…
22 February 2011 Angola defeated hosts and favourites Sudan on penalties after a stormy 1-1 draw on Tuesday and secured a place in the African Nations Championship final against Tunisia. The Tunisians also needed a shootout after another 1-1 deadlock following extra time before eliminating neighbours Algeria and reaching the climax of the biennial tournament for home-based footballers. Angola won…
The unsolicited appointment of some persons into the campaign organisation of Cross River State governor, Liyel Imoke, appears to be fetching him bashing rather than applause, following the outright rejection of such appointments by some of the selected people. Last weekend, the governor’s campaign organisation went on air to announce the names of members and non-members of the PDP into…
The name of the Speaker of Cross River State House of Assembly, Francis Adah, is missing from the voter register even though he was duly registered by the Independent National Electoral Commission (INEC) during the voter registration exercise. The deputy governor of the state, Efiok Cobham revealed this in Calabar while addressing those protesting the omission of their names from…
How did you emerge as PDP candidate? Well, I participated in the primaries conducted by the PDP on the 8th of January 2011 by Senator Waku and after the primaries, I was declared the winner by the returning officer. But somewhere along the line, some other aspirants claimed to have won. But the national executive committee of the PDP finally…
SauceKid still with Storm Records Obi Asika, Chief Executive Officer of Storm 360, the parent company of Storm Records have dispelled the rumour that acclaimed rapper SauceKid has quitted the label. In a phone interview with Mr. Asika, the Storm Records’ boss affirms that the ‘Edondeymadt’ rapper, who released his debut album under the imprint last year, is still a…
Josephine Tapgun, the minister of state for commerce and industry, has called for deeper trade relations between Nigeria and China. Mrs. Tapgun made the call on Monday in Abuja, when she received a delegation from the Chinese province of Qinghai. “The relationship between China and Nigeria has been a long one, most especially in the area of trade. I want…