In its bid to diversify Nigeria's foreign reserve base, the Central Bank of Nigeria (CBN) has begun training of staff and operators in trading in the Chinese Yuan. Lamido Sanusi, CBN governor, has always made a case for diversifying the country's foreign exchange reserve, with a small shift into Asian currencies, in particular the Chinese Yuan. "If anything is changing…
Cell phones have become such a major part of our existence and for most people, our telephone bills have become a large monthly expense. Have you ever returned from abroad to find a shocking mobile phone bill awaiting you? When you use your phone abroad, as soon as it is detected on a roaming partners network, expensive international roaming rates…
The recent public presentation of the book, ‘The Ogbunigwe Fame' by Felix Oragwu brought up memories of the technological innovations that kept the Biafran dream alive from 1967 to 1970. During the vicious civil war, Biafra was blockaded and starved of access to resources ranging from domestic goods to industrial products. Necessity thrust upon Biafra the need to innovate and…
The prices of some essential commodities such as sugar and cooking oil have shot up in Kano, a survey by the News Agency of Nigeria has shown. The survey at various markets in the metropolis on Wednesday, showed that the price of sugar and cooking oil recorded significant increases over the past three months. A bag of Dangote sugar, which…
The Egyptian pound traded as weak as 5.9605 to the U.S. dollar on Thursday, its lowest level since January 2005. Bankers expect the currency to come under pressure in the coming days as foreign investors sell shares on the Egyptian stock exchange, which reopened yesterday after political unrest kept it closed for more than seven weeks.
25 March 2011 We will bring you live coverage of all the goals as they go in around the continent on both Saturday and Sunday! - Congo v Ghana, 27th March - Sudan v Swaziland, 26th March World Cup quarter finalists Ghana must beat Congo in Brazzaville on Sunday to brighten their chances of qualifying for the 2012 Africa Cup of…
25 March 2011 We will bring you live coverage of all the goals as they go in around the continent on both Saturday and Sunday! - Guinea-Bissau v Uganda, 26 March, Bissau - Kenya v Angola, 26 March, Nairobi Uganda have finally managed to scrape the money together to travel to Guinea-Bissau for their 2012 Africa Cup of Nations Group…
The Plateau State Independent National Electoral Commission (INEC) Resident Commissioner, Habu Zarma, said on Thursday that the Commission Is “fully ready” to conduct the April general elections. Mr Zarma, who stated this on Thursday at the Jos Civil Society and Media Roundtable on the April Elections, said all necessary arrangements for the conduct of the elections have been put in…
The Nigeria Railway Corporation (NRC) has expressed worry over the activities of land speculators who are encroaching on its property. “The corporation is also worried that the Enugu State Government and agencies collude to encroach on NRC property,” the NRC District Manager, East, Paul Ndibe, said. Mr Ndibe told the News Agency of Nigeria (NAN) in Enugu on Thursday that…
Residents of Ogwu-Aniocha, a remote community in Ogbaru Local Government Area of Anambra State will now enjoy electricity for the first time following the commissioning of a N30m rural electrification project by the Anambra State government. Commissioner for public utilities, water resources and community development, Emeka Nwankwu, said the project was in line with the state government’s policy of simultaneous…
Empire Mates Entertainment (EME) boss, Bankole Wellington aka Banky W has announced that he would not be present at the Goodluck Jonathan concert scheduled to hold today in Abuja. The artist took to his Twitter account on Wednesday, March 23, 2011 to inform his followers that he would be committing himself to the ?What About Us? cause; a movement formed…
The Player Elijah Eminue hails from Mbo Iga in Akwa Ibom State. An undergraduate of Mechanical Engineering at the University Of Uyo, he is a rap music hopeful plying as L-J’esus. “The ‘L-J’ part of my moniker is from my first name, Elijah,” he said. “The ‘esus is a suffix that signifies love for Jesus and that I am the…
Fast rising comedian, CD John, real name John Chijioke, is dead three days before his birthday. The comedian who came into limelight late last year from telling church jokes, died in the morning of Thursday March 24, 2011 some hours after being involved in an auto crash. The Abia State born comedian was reportedly returning from anchoring a late night…
The Bank of Agriculture (BoA) says it will soon embark on an aggressive loan recovery campaign. Managing Director Mohammed Santuraki made the announcement on Wednesday in Kaduna at a forum organised by the management to appraise the performance of the bank’s credit portfolio. He said the era of treating the bank’s credit facilities as government patronage was over, pointing out…
Nigerian crude oil grades hovered below two-and-a-half year highs on Wednesday, with traders adding that the initial rush to buy substitutes for lost Libyan exports is over. “I think the Libyan shortfall is now fully priced into Nigerian grades and I see no reason for any upside,” said an oil trader, with a focus in West Africa. Demand for Nigerian…