Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major U.S. oil firms to halt trade with Libya and will complicate deals for European firms to buy Libyan oil. Around half of Libya’s oil output, or more than one…
Banks in the country have abandoned their core function of financial intermediation and instead, are more concerned with pursuing deposits. Experts who spoke on the issue believe that the refusal of banks to take the risk in financing some sectors of the economy have put the economy in the poor position it is today. Boniface Chizea, managing director of BIC…
Splash 105.5 FM Ibadan - the integrity radio station - is a division of West-Midlands Communications Limited and the station was officially commissioned on the 22nd of March 2007.
The first video off the first single from MI sophomore album MI 2 The Movie !! Directed by Jonathan Jason Clarke.
The official trailer of the biopic on the late Nigerian rapper DaGrin, GHETTO DREAMZ (THE DAGRIN STORY) - produced by Ope Banwo and directed by Daniel Ademinokan, has been released to the media by Stingomania, the production company behind the movie.
Nigerian actor/filmmaker, Saidi Balogun presents his latest movie “Eti Keta” (Third Party) in 2011 as beyond a movie - a labour of love and a celebration of our rich and diverse African culture - in Lagos.
The traditional ruler of Nupeland, also referred to as Etsu Nupe, Yahaya Abubakar, has urged Nigerian politicians not to take politics as a “do-or-die” affair and shun violence. Mr. Abubakar made the appeal in his palace in Bida, Niger State, on Sunday when members of the Action Congress of Nigeria (ACN) in Zone A, of the state, paid him a…
An Osogbo Magistrate Court yesterday remanded two suspected political thugs at the Federal Prison, Ile-Ife, who allegedly disturbed the campaign of Goodluck Jonathan, the Peoples Democratic Party (PDP) presidential candidate, at Osogbo City Stadium last Thursday. The two accused persons, Olalekan Ayo (25) and Anthony Eyitemi (28), were alleged to have armed themselves with cutlasses, axes, and pump action riffle…
[ID:170240 Cable dated:2008-09-17T16:04:00] ====================================================C O N F I D E N T I A L SECTION 01 OF 03 ABUJA 001870 SIPDIS STATE FOR AF/W, INR/AADOE FOR GEORGE PERSON E.O. 12958: DECL: 09/16/2018TAGS: PGOV, PINR, PREL, EFIN, KCROR, KCRM, MARR, MASS, NISUBJECT: NIGERIA: BILATERAL RELATIONS POST-EFCC DEMARCHE REF: A. ABUJA 1595 B. STATE 84635 Classified By: Ambassador Robin R. Sanders…
The Federal Government is always ready to rally to the needs of its citizens across the world, foreign affairs minister, Odein Ajumogobia, has said. The minister gave this assurance while addressing a group of Nigerians based in Argentina and Uruguay, during his two-day visit to Buenos Aires, Argentina. “It is a duty government has taken upon itself, to protect its…
The head of service of the federation, Dapo Afolabi, on Sunday, said the introduction of biometric card would check the movement of workers in federal establishments and improve productivity. Afolabi, who made this known in an interview with the News Agency of Nigeria (NAN) in Abeokuta, said he was sure that the card would help to check the movement of…
Despite losing nearly one percent in value at the official market since the beginning of the year, the Central Bank of Nigeria (CBN) has insisted that it will not devalue the naira. CBN governor, Lamido Sanusi who defended his position said the institution has multiple roles as a development institution, one of which is maintaining price stability. The International Monetary…
8 March 2011 Chelsea manager Carlo Ancelotti did his best to pour cold water on the idea his side are back in the Premier League title race after Monday's 3-1 victory over relegation-threatened Blackpool. Goals from captain John Terry and a double from Frank Lampard - the first a penalty - helped Chelsea to a win against the hard working…
8 March 2011 South Africas Nedbank Cup, the equivalent of the FA Cup in England, stages its Last 32 round this week and there are no less than six all-top flight ties, which should allow for minnows from the lower league to progress into the latter stages of the tournament. The pick of the games is undoubtedly the meeting of…
At least 142 graduates of the Obafemi Awolowo University (OAU). Ile-Ife, had first class degrees in the university in the 2008/2009 and 2009/2010 academic sessions. The chairman of the university’s ceremonials committee, Akinola Aguda, who disclosed this at a pre-convocation press conference, stated that 6,862 graduates will bag the degrees of the university at the 38th convocation ceremony of the…