High international commodities prices and a weakening shilling against the dollar are expected to cushion Kenyan listed agricultural stocks from inflationary pressures and the effects of a biting drought, analysts said. Kenya’s metrological department indicated in a forecast report in January that drought conditions are expected to plague the nation for the next three months, reducing agricultural output in the…
Investors at the Nigerian Stock Exchange (NSE) recorded additional losses at the close of trading session on Tuesday, as market measuring parameters plunged, making it the fourth day of downward trend. The Exchange market capitalisation of the 201 First-Tier equities closed yesterday at N8.442 trillion after opening the day at N8.525 trillion, reflecting 0.97 per cent decline or over N83…
8 February 2011 The midweek FIFA-sanctioned dates are packed with international friendlies involving European teams, but two matches featuring four former world champions stand out: Brazil v France in Paris/Saint-Denis and Germany v Italy in Dortmund. The latter clash sees the Azzurri head back to the scene of their famous semifinal win over Germany en-route to winning the 2006 World…
Twelve participants (six males and six females) that excelled in the just concluded Quranic recitation competition in Bauchi have each been offered a seat by the state government to this year's pilgrimage (Hajj) to Saudi Arabia. The Bauchi Quranic recitation competition was contested among youth from the age of 25 years and below in which 16 out of the 20…
For many years, Agwagune, a coastal community in Biase Local Government Area, Cross River state suffered flood disasters but a solution came last weekend through the provision of housing units five kilometers from the bank of the river that yearly wrecked its ancestral location. The joy of the people knew no bounds as they rolled out the drums singing, dancing…
Nobel Laureate Wole Soyinka has condemned the state of education in describing the country educational system as a colossal failure. Mr. Soyinka said this at the opening of a two-day education summit organised by the Osun State government in Osogbo, the state capital. He added that the government has failed woefully in the education sector, and thereby called on the…
The implementation of the Integrated Personnel Payroll Information System (IPPIS) by the federal government during the pilot stage helped it saved N12 billion, the finance minister has said. Segun Aganga added that the integrated system will boost the capacity for saving and enhance efficiency in the public funds management. He stated this yesterday in Abuja at the opening of the…
South Africa's rand traded firmer against the dollar on Monday, taking a breather from recent multi-month lows, while stocks retreated after recent gains as investors took profits. The JSE Top-40 index of blue chips was down 0.33 per cent to 29.621.70 and technical levels show the index has limited upside. Its 14-day relative strength index is around 60. At 1544…
7 February 2011 Angola snatched a stoppage-time equaliser against Tunisia and Senegal stunned Rwanda with two late goals as the drama continued Monday at the African Nations Championship in Sudan. Veteran defender Carlos 'Kaly' Alonso was the toast of Angolan football after he scored in the second additional minute to cancel a lead Tunisia had held since the sixth minute…
8 February 2011 High-riding Bukola Babes of Ilorin managed to salvage a point against bottom team in the Nigeria Premier League JUTH FC two minutes from time. Abdulkadir Aminus tap-in inside the six-yard box in the 88th minute of a highly entertaining duel Monday meant Bukola Babes dropped to fourth spot with 24 points, but still preserved their seven-game unbeaten…
7 February 2011 No less than 28 African national teams will play international friendlies this midweek as they prepare for the resumption of the 2012 Africa Cup of Nations qualifiers next month. That all but two of the fixtures see sides from the continent take on one another makes it clear that getting match practice against African opponents is the…
7 February 2011 Defending champions DR Congo suffered an opening game loss at the 2011 African Nations Championship as they went down 2-0 to Cameroon in Group C on Sunday. In the pool's other match, Cote d'Ivoire beat Mali 1-0 to move into second after the first round of matches. Joseph Mamosso and Ousmaila Baba netted for Cameroon against the…
7 February 2011 Ekhigo Ehiosun netted the first hat-trick this season in the Nigeria Premier League to shoot to the top of the goals chart and propel Warri Wolves to third spot in the standings. Ehiosun hit target in the 15th, 63rd and 83rd minutes to take his goal haul to seven, one better than Sunshine Stars midfielder Ajani Ibrahim.…
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The fate of the Excess Crude Account (ECA) speaks to the need for clarity on the reasons why we held funds in the account in the first instance; and why we should look forward to keeping it (or anything that looks like it, including through a Sovereign Wealth Fund - SWF). Two things matter in considering these dimensions of the…