The Dangote Group says it will invest 3.9 billion dollars (N585 billion) in the expansion of its cement plants in some Africa countries. Aliko Dangote, chairman of the company, disclosed this on Tuesday in Lagos while signing an agreement between his company and a Chinese firm, Sinoma International Engineering Co. Ltd. He said that the expansion project, expected to be…
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Federal Government to hasten the development of the rail system to enhance effective petroleum products distribution across the country. Olumide Ogunmade, the chairman of south-west chapter of the association, told the News Agency of Nigeria (NAN) in Lagos on Monday that rail system was one of the best and…
The government of India has said it is looking into addressing the lopsided economic relationship between it and Nigeria. Figures of trade released by the country show that bilateral relations between both countries for the year ended March 31, 2010 is $8.7 billion. Nigerian export to the Asia country is around $7.3 billion, while that of India to Nigeria is…
A recent report has shown that many Nigerians still do not know that their debit (Automated Teller Machine, ATM) cards can be used for more than just withdrawing cash from bank ATMs. Over 74 per cent of the respondents surveyed by ThinQThanQ, a research and database unit of financial technology, a financial services technology publication that circulates in 16 countries,…
Following the recent acquisition of billions of shares of the Transnational Corporation of Nigeria (Transcorp) by Heirs Holdings, an investment company, some investors are now “taking position” in the conglomerate’s stock. Transcorp’s shares were the most traded stock at the Nigerian Stock Exchange (NSE) on Tuesday with over 54.208 million volume of shares traded, while the share price rose by…
11 April 2011 Record signing Andy Carroll delivered a blow to Manchester City's Champions League ambitions as Liverpool cruised to a 3-0 victory over Roberto Mancini's side at Anfield on Monday. Carroll helped himself to his first two goals in a Liverpool shirt since joining from Newcastle for 35 million in the January transfer window. Dirk Kuyt also netted on…
A serving Senator, Iyabo Obasanjo-Bello, has debunked the speculation that she is the proprietress of a privately owned radio station, Rock City FM, with its operational headquarters in Abeokuta, Ogun State capital. She made this clear while featuring in a live programme at the station, explaining that she had no input in the establishment of the radio station, as being…
The governorship candidacy of Gboyega Isiaka of the People’s Party of Nigeria, (PPN) has received a boost, as the Yoruba group, Afenifere, yesterday endorsed him. The group through two of its leaders, Ayo Adebanjo and Onalapo Soleye, made this known in Abeokuta in the presence of two other leading Afenifere elders, Ayo Fasoranti and Lanihun Ajayi. The group urged all…
The Action Congress of Nigeria in Imo State has asked the Independent Electoral Commission (INEC) to cancel last Saturday’s election into the National Assembly. According to the leadership of the party, the election was fraught with massive irregularity and thus cannot stand. The state chairman of the party, Charles Ubah said for elections in the state to be credible, the…
11 April 2011 African players' review following weekend matches in Europe: ENGLAND EMMANUEL EBOUE (Arsenal) The Ivory Coast defender scored his first goal this season to help Arsenal beat Blackpool 3-1 at Bloomfield Road on Sunday. Eboue ran onto Andrei Arshavin's pass and smashed in a powerful strike that gave Richard Kingson no chance. It was his first Premier League…
12 April 2011 GHANA Ghana have been dealt a blow with the news that Jordan Ayew will miss the African Youth Championships after his French club Olympique Marseille refused to release him for the tournament. Ayew is the son of Ghana legend Abedi Pele, and the younger brother of Black Stars regular Andre Ayew. The 19 year old has already…
12 April 2011 This week sees the kick off of the 2011 African Youth Championships to be hosted in South Africa. Our specialist reporter Samm Audu takes a closer look at the Flying Eagles team and profiles the young, up and coming stars of Nigerian football. GOALKEEPERS Danjuma Paul Club: Nasarawa United Birth date: 18/12/1992 Jersey No. 1 A naturally-gifted shot stopper,…
Roseline Ukut Sanda is a member of the National Youth Service Corps (NYSC), serving with the Nigeria Customs Service, Ogun State Command. Her concern for the welfare of the people made her to donate items to the State Hospital at Sokenu in Abeokuta, the state capital. According to her, the consignment is the first phase of the donation meant to…
Facts have emerged on why, at last Saturday’s National Assembly elections, the Peoples Democratic Party (PDP) lost in Vice President Namadi Sambo’s ward, and in other parts of Kaduna State which used to be the party’s stronghold. The victories the PDP managed to record in most federal constituencies in the southern part of the state were, however, attributed to the…
Primary schools in Calabar South Local Government Area of Cross River State are to be provided with libraries that will be well stocked with books and 5,000 desks under the current fiscal year to facilitate teaching and learning. Also, under the educational package for the year, branded exercise books will be distributed free of charge to primary school pupils. This…