Roberts Orya, Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), says no other agency is better placed to facilitate cross border trades in the Economic Community of West African States (ECOWAS) than the bank. Overview Nigerian Export-Import Bank (NEXIM) was set up in 1991 by the Central Bank of Nigeria (CBN) and the Federal Ministry of Finance. Incorporated for the purpose…
Over the years, the value of trade between Nigeria has been lopsided. Due to the weak manufacturing base of Nigeria and the inability to develop competitive advantage in non oil exports, the lopsidedness has become pronounced. According to the Japan External Trade Organisation (JETRO), as at January, while Nigeria imported goods worth over $40.8 million from Japan, the value of…
The Securities and Exchange Commission (SEC) has thrown its weight behind the proposed extension of trading hours by the management of the Nigerian Stock Exchange (NSE) despite criticism by some market operators that aftermath of such action will not favour the nation’s bourse. The interim administration of the NSE, led by Emmanuel Ikazoboh, had announced that it will increase trading…
Since he was removed as National Chairman of the Peoples Democratic Party in January, Okwesilieze Nwodo has not been seen regularly at public functions. But, surprisingly, he attended the Northern Economic Summit held in Kaduna on Thursday, where he spoke about his relationship with President Goodluck Jonathan, the crisis in Enugu PDP and other issues. You are rarely seen at…
Traditional rulers in Nigeria have been known to play a significant role in the socio political development of the country. Being custodians of the traditional values of the people, they have become opinion leaders in the society. Any politician who shows disrespect to traditional rulers is not likely to succeed in the domain of such rulers. It is not therefore…
The odds were stacked against any child with an educated mother in those days, and it took a few days of primary school in 1951 to come to terms with that perspective. The teacher had inquired why I did not have a “Christian name.” “My young idiot, don’t you have an English name?” I was sent to get a parent,…
18 March 2011 Al-Ahly of Egypt bounced back after 54 days without a competitive match to defeat SuperSport United of South Africa 2-0 Friday in an African Champions League second round qualifier. Long-serving Osama Hosny gave the 'Red Devils' a third-minute lead at the 75,000-seat Cairo Stadium and fellow striker Dominique da Silva struck the second goal six minutes before…
18 March 2011 After being dumped out of three competitions in 13 days, deflated Arsenal will turn their attention to their last remaining route to a trophy on Saturday as the Premier League title chase resumes. The Gunners travel to West Brom on Saturday with manager Arsene Wenger putting a brave face on what has been a grim fortnight for…
I was pleasantly surprised, in a conversation last week, to learn that of the many concerns over the Central Bank of Nigeria's (CBN) repairs to and reforms of the banking sector, the nationality of the would-be buyers of the banks rescued by the apex bank is the more troubling. Transparency of the accounting treatments of the intervention funds did not…
Yabawa Wabi, minister of state for finance, has advised the West African Insurance Companies Association (WAICA) to ensure adequate capitalisation of the WAICA Reinsurance Corporation. Mr. Wabi, who was represented by Fola Daniel, commissioner for insurance, at the National Insurance Commission (NAICOM), gave the advice at the 2011 WAICA Educational Conference in Lagos on Monday. The theme of the conference…
17 March 2011 Big-spending English giants Manchester City crashed out of the last 16 of the Europa League to Dynamo Kiev on Thursday, while there was also heartbreak for Paris Saint Germain at the hands of Benfica. Roberto Mancini's City side, bank-rolled from Abu Dhabi by Sheikh Mansour's 500 million investment, beat the Ukrainian club 1-0 at home but bowed…
Had the wicked attempted to do their worst? Were the sheep or goats sent by the PDP? And how did the flock suddenly appear on the runway just as the ACN charter aircraft was landing at Bauchi? Nobody takes much notice when reading about bird strikes on aircraft engines, but livestock colliding with landing planes is different. The fact is…
Supporters of the Labour Party (LP) and Action Congress of Nigeria (ACN) yesterday engaged in a violent clash in Ose area of Ondo State leaving one person dead and at least 15 people injured. For several hours, gun shots were fired by the fighters as residents scampered for safety. A close associate of a senator, Bode Olajumoke, simply identified as…
15 pharmaceutical and patent medicine stores in Calabar, Cross River State have been closed down for allegedly selling fake, unregistered, expired or banned drugs to unsuspecting members of the public. The closure was facilitated by a team from the National Agency for Food and Drug Administration and Control (NAFDAC) which carried out routine search on some designated Pharmacies and Patent…
When Nollywood actress Omotola Jalade-Ekeinde was spotted on the red carpet, at the 53rd Grammy Awards, it was hailed as a good development. Coming a few weeks after fellow actor Genevieve was featured on CNN's Connector of Day and Dbanj's collaboration with American hip hop star Snoop Dogg, the actress became a trending topic on social networking sites. Although she…