Wall Street wavered, oil slipped, and the dollar weakened further against the euro in thin trading on Monday, as major European markets were shut for Easter. U.S. stocks were little changed, just below three-year highs, after strong first-quarter earnings. Seventy-five per cent of SP 500 companies that have reported beat analysts’ expectations, just above the average of the past four…
The dollar won a reprieve on Monday after last week’s steep slide but traders said it could head for a test of its all-time low against a basket of currencies if the U.S. Federal Reserve takes a cautious stance towards tightening later in the week. In thin trade due to Easter holidays in Australia and much of Europe, Japanese importer…
Improving trade links within the African continent is opening new opportunities for Nigerian businesses to leverage on as commercial activities among Africans boost the airlines and banking industries. Jibril Aku, managing director of Ecobank Nigeria Plc, said trade, which was formerly restricted to regional blocks, has expanded across the various trade corridors on the continent. “Rather than trade with former…
Oil prices yesterday rose above $124 a barrel as violence continued in the oil- producing Middle East along with post-election unrest in Nigeria. Brent, the primary of the major classifications of crude oil, gained 40 cents to sell at $124.39 a barrel while US crude rose by 44 cents to $112.73, according to a Reuters report published yesterday. “Brent is…
Some finance experts have urged investors to trade cautiously, following the wobbly performance in the market and the slightly tense political atmosphere in the country. The market capitalisation of equities at the Nigerian Stock Exchange (NSE) closed for Easter holiday on a negative note last Thursday at N7.994 trillion after opening the week at N8.086 trillion, reflecting N92 billion losses.…
25 April 2011 The Nigeria Football Federation (NFF) have formally requested Dutch club VVV Venlo to release striker Ahmed Musa for Thursdays African Youth Championship semi-final against Mali. A top NFF official informed MTNFootball.com that a letter was despatched to VVV immediately the Flying Eagles booked their place in the last four of the biennial Under-20 tournament in South Africa…
24 April 2011 Tunisian outfit Esperance led a show of force by clubs from northern countries in African Champions League last-16 ties this weekend. The 'Blood and Gold' were ahead within two minutes against Senegalese visitors Diaraf and romped to a 5-0 victory that virtually assures them of a mini-league place after the early May return fixture. Wydad Casablanca of…
25 April 2011 Super Eagles of Nigeria coach, Samson Siasia, would pick the Indomitable Lions of Cameroon as opponents for a friendly to mark next months inauguration of the countrys president, Goodluck Jonathan, who was recently re-elected. MTNFootball.com has scooped that Siasia would like to meet Cameroon because they would provide his team with a good test as well as…
Last week, the Court of Appeal in Abuja, in a reversal of an earlier judgment of a Federal High Court, ruled that Lawal Jafar Isa, and not Mohammed Sani Abacha, is the governorship candidate for Kano State of the Congress for Progressive Change (CPC). Before the judgment, the CPC looked set to clinch the governorship seat of Kano State in…
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23 April 2011 Sir Alex Ferguson urged caution as Manchester United kept their Premier League title charge firmly on course. A hard-fought 1-0 win over Everton on Saturday, United's 13th successive home league success this season, left Ferguson's leaders just two wins away from a record 19th domestic title. Javier Hernandez's goal piled the pressure on second placed Chelsea, who…
24 April 2011 Two goals in the second half from Stanley Okoro and Ramon Azeez saw Nigeria U20 beat Gambia U20 2-0 in their final Group B game of the African Youth Championship at BidVest Stadium on Sunday afternoon. The win sees the Flying Eagles into the semifinals of the competition while Gambia exit the tournament and will head home.…
On the morning of January 21, 2010, as five armed policemen escorted Ikenna Samuelson Iwuoha into the black Toyota Prado SUV registered to the Imo State government house, his neighbours must have looked on with envy. They would have thought that Mr Iwuoha's activism had finally caught the attention of the authorities and that the government had decided to hush…
The just concluded national assembly elections revealed a peculiar trend among Imo politicians that clearly went beyond desperation to the point of paranoia. The state governor, Ikedi Ohakim, and an ambassador, Kema Chikwe, both of the ruling People's Democratic Party (PDP), had played into the hands of opposition political parties through a series of perceived political misdeeds and miscalculations that…