Ferguson braced for crucial week

27 April 2011 Manchester United boss Sir Alex Ferguson basked in the 2-0 Champions League semi-final first leg win over Schalke on Wednesday and admitted that his team now face a crucial seven days. United tackle Arsenal on Sunday and fellow Premier League title rivals Chelsea the weekend after with the return European leg against Schalke sandwiched in between. "I…

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Essien injury boost for Stars

27 April 2011 English side Chelsea have confirmed Michael Essien is not injured as initially feared which means he is on course for a Black Stars return in June as widely speculated. This also means Essiens charity game between an African XI select side and a World XI select side the AU Peace Ambassador has lined for 25 May will…

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Cleric asks politicians to show restraint in victory

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The primate of the Church of Nigeria, Anglican Communion, Nicholas Okoh, has appealed to politicians who won their elections to show restraint and humility in victory, while all who lost elections should take it in the spirit of sportsmanship and hope for another opportunity next time. Mr Okoh, who spoke with journalists in Abuja, also called on the federal government…

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‘No movement in Bauchi until Thursday’

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With less than 24 hours to the rescheduled gubernatorial and state House of Assembly election in Bauchi State, the state police command yesterday declared a 24-hour restriction on movement across the state, especially for people travelling from outside the state. The state police commissioner, Amanam John Abakasanga, who addressed journalists at the command headquarters in Bauchi on Tuesday, said the…

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Jonathan may declare state of emergency in Bauchi, Kaduna

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Goodluck Jonathan said yesterday that the rescheduled elections in Bauchi and Kaduna States will hold on Thursday as planned, but if the elections were not held, the federal government may be forced to impose a state of emergency in the two states. Mr Jonathan said this while talking to journalists after voting in his hometown, Otuoke, Bayelsa State, adding that…

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Stock market loses N449b

The Nigerian Stock Exchange recorded a total loss of N449 billion on equities at the close of trading activities in March, after recording significant losses of N260 billion in the preceding month. The market value of the 217 listed equities, which opened the month at N8.315 trillion, closed on the last trading day in March at N7.866 trillion, reflecting a…

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World Bank, AU launch 2011 World Development Report

Officials of both the World Bank and the African Union (AU) in Addis Ababa have launched the 2011 World Development Report, published by the World Bank. Sarah Cliff, a World Bank Representative, and Ramtane Lamamra, the AU Commissioner for Peace and Security, represented the two bodies at the occasion. Presenting the executive summary of the report, which was titled ‘Conflict,…

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Banks optimistic about credit availability in 2011

Bankers have expressed optimism that the sector would be better disposed to create new assets by increasing their loan facilities to more applicants this year. This is because some of the banks in their 2010 year end books have demonstrated that with the intervention of the Asset Management Company (AMCON), they have been able to clear their non performing loans…

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