Kokomobile comes to town

Award-winning singer D’banj, in a partnership with Robert John and First Bank, officially unveiled the Kokomobile D’banj series phones last week. Speaking at a press conference held at SQ restaurant on Thursday, April 7, 2011, D’Banj revealed that the project had been in the making since 2007 and expressed his excitement about the product launch. “It’s a dream come true…

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Board seeks passage of financial reporting bill

The Nigerian Accounting Standards Board (NASB) has called for the passage of the Financial Reporting Council Bill by the National Assembly. The passage of the bill would empower the board to implement the International Financial Reporting Standards (IFRS), which Nigeria has already adopted. The IFRS is expected to be implemented over a three year period with effect from January next…

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World Bank lists threats to development goals

The World Bank yesterday identified fresh threats to efforts by countries to realise most of the Millennium Development Goals (MDGs) set by the United Nations by 2015. In its World Development Report (WDR) 2011 on conflict, security and development, the bank’s team leader, Sarah Cliffe, said though conflict and violence continue to have a huge negative impact on the development…

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China resells South Africa coal into Europe

At least four capesize cargoes of South African coal have been sold back to the original sellers by Chinese buyers during the past month and all are coming to Europe, said sources familiar with the deals. South African coal is being stockpiled in Amsterdam-Rotterdam-Antwerp and at power plants either for sale into Europe or to be burned at the main…

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Stock market dips further as volatility increases

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‘Nigeria is big business for us’

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Minister defends Content Law

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Ehiosun hat-trick destroys Eq.Guinea

10 April 2011 Nigeria had no troubles reaching the next round of the 2012 London Olympics qualifying tournament after a hat-trick by Warri Wolves striker Ekigho Ehiosun earned Dream Team V a comfortable 4-1 win at Malabo. Nigeria thus qualified for the next stage of the qualifiers slated for June on a 9-1 aggregate. On a weekend that big guns…

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Opposition challenges PDP’s win in Nasarawa

The former governor of Nasarawa State, Abdullahi Adamu of the People's Democratic Party (PDP), yesterday defeated Abdullahi Ahmed Aboki of the Congress for Progressive Change (CPC) for Nasarawa Central senatorial district, polling 64,384 votes against his opponent's 58,789. The CPC is however challenging the result. It claimed that voting did not take place in the entire Buga-Karmo ward, but the…

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Activist recommends voter education to boost turnout

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‘Election is not a period of crisis’

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The difficulties of maintaining bank accounts

The financial services industry has witnessed a landmark in the penetration of banking services to rural and urban areas with the introduction and migration of its payment cards and terminals from magnetic to the more secure chip and pin EMV platform. However, despite these achievements, the industry is still faced with the challenge of encouraging about seventy per cent of…

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ABUJA HEARTBEAT: Season of protest

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To be or not to be? That is the question that leaders the world over who have stayed more than two decades in power must be asking themselves now, after the avalanche of protests in the Arab world has crumbled otherwise untouchable demi-gods. Of course, Muammar Gadaffi by now should know that his days are numbered, not only in Libya…

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Police unhappy with election wage

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Police deployed to cover the country’s April polls are complaining of non-payment of duty allowance for the period so far, which has lasted nine days. Some of the police that spoke to NEXT on condition of anonymity, disclosed that the N500 per day for the rank and file, N750 for inspectors, and N1000 feeding allowance approved for the officers, is…

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Supporters keep vigil at Saraki’s house

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With commercial activities and meetings by political groups stretching into the night, Olusola Saraki’s house in Ilorin, the Kwara State capital, is now the city’s centre of attraction. The 79-year-old former Senator, popularly referred to as ‘Baba Saraki’, is well acknowledged as the grand master of Kwara politics, having decided most of the past political leaders in the state. Mr.…

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