Nigerians prepare for another budget imbroglio

The country appears set for another budget showdown as the executive and the legislature resume their long standing disagreement over budget figures. Finance minister, Olusegun Aganga said last week that the 2011 appropriation bill passed by the Senate is not "implementable" due to the alterations carried out by the lawmakers. The Senate last week passed a budget of N4.972 trillion,…

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Analysis of performance of banks in 2010

A few more banks have released their 2010 year end results, some of which have fallen below the expectation of industry watchers. However, the trend that was common among the institutions was the drop in earnings, due largely to the reduction in lending. Through a mixture of cost-cutting strategies and efficiency in deploying assets, most of the firms still posted…

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SuperSport win, Al Ahly progress

2 April 2011 SuperSport United defeated Al Ahly 1-0 in their CAF Champions League first round, second leg match at the Peter Mokaba Stadium on Saturday night, but it was not enough to stop the Egyptians advancing to the second round on aggregate. Leading 2-0 from the first leg, Al Ahly were outplayed by Matsatsantsa on the night but did…

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Lagos residents came out for an election that never held

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Many residents in Lagos turned out to exercise their rights on Saturday to vote for candidates into the National Assembly. In Ikorodu, the day began with myriad of voters arriving at the polling centres before 8am with some of them coming with their meals and chairs for the day. However the electoral officers and materials did not arrive until about…

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Taking the media beyond newsrooms

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The place and role of the media in bridging the gap of knowledge and closing space was at the centre of discussion in Berlin, Germany, on March 17, as the International Institute for Journalism (IIJ) of the GIZ hosted its fourth international media conference. The topic this time was ‘Jumping the gap: the Power of Media to extend classrooms’. Roland…

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Chaos reigns as elections are called off

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Elections for the National Assembly were yesterday disrupted in at least seven confirmed states across the federation. Due to a combination of security lapses, administrative errors and a shortage of electoral materials, the elections in Abuja, Niger, Ekiti, Plateau, Edo and Gombe could not start. However, the disruptions that were first noticed in these states were later discovered to have…

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FINANCIAL MATTERS: The merits of raising interest rates

Last week, the prevalent apprehension was with inflation rates. How could the rate of change in domestic prices, as measured by the official number crunching agency, be southbound, when the world is affrighted by both rising energy and commodity especially food prices? The answer to this question mattered for a variety of reasons, not least of which is its implication…

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Your final African XI!

1 April 2011 Over the past three months, MTNFootball.com has been asking you, the fans, to vote for your greatest African XI ever and now the results are in! We have collated the votes, and together with our expert panel, have come up with fantastic African XI that has largely been chosen by you, the fans. Over 60 000 votes…

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Cross River begins rehabilitation of community

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The peace of the dusty community of Nsadop in Boki Local Government Area of Cross River State was disrupted last August when men from Boje, a neighbouring community, invaded Nsadop and practically destroyed it over a land dispute. The noon raid left many dead with houses and economic trees destroyed. The invasion took place when all the able-bodied men and…

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Explosive found during rally

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Substance suspected to be bomb was yesterday discovered at the venue of the campaign rally of the Action Congress of Nigeria (ACN) in Okuku, hometown of the immidiate past governor of Osun State and senatorial candidate of the People's Democratic Party (PDP), Olagunsoye Oyinlola. The state Commissioner of Police, Olusegun Solomon in a quick reaction, however, dismissed the allegation of…

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Task force assures Plateau residents of hitch-free polls

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The Special Military Task Force on the Jos crisis yesterday, said that the general elections beginning tomorrow will be hitch free in Plateau State. Addressing the press in Jos to discuss the level of preparedness of the force to contend with possible upsurge of violence associated with elections, the Task Force Commander, Hassan Umaru, said there has been a step…

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XTRA: D’banj leaves Mo’Hits

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