Determined to sooth frayed nerves arising from the recent PDP primaries, Governor Theodore Ahamefule Orji of Abia State has inaugurated a seven-member Peace and Reconciliatory Committee headed by a former senator.Inaugurating the committee led by Ike Nwachukwu at Government House, Umuahia, on Monday, Mr. Orji said the move had become necessary as it was pertinent for the party to go…
The Ogun State Ministry of Health on Monday in Abeokuta inaugurated a 34-man Technical Working Group (TWG) on malaria control. The group was inaugurated at the launch of communication materials for the campaign on malaria control. Speaking at the ceremony, the Permanent Secretary in the ministry, Tunde Olowonyo, said the State Malaria Control Programme (SMCP) was launched to sensitise residents…
Uganda’s inflation rate rose for a third consecutive month to 5.0 per cent in January from 3.1 per cent in December due to seasonal food shortages, the government’s statistics agency said on Monday. Food prices rose 3.6 per cent in the year to January 2011 compared with a decrease of 1.1 per cent recorded for the year to the end…
NIPCO Plc, the marketing subsidiary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), will work with the Nigeria Liquefied Natural Gas (NLNG) for the development of the local gas market. This laid to rest the long standing disagreement over others using NIPCO’s Liquefied Petroleum Gas (LPG) storage terminal for the storage and evacuation of products. Lawal Taofeek, the corporate…
The Nigerian Content Development and Monitoring Board (NCDMB) yesterday said European Union’s support to the implementation of the Nigerian Content Act will encourage investors from their countries to set up oil and gas facilities in Nigeria. Ernest Nwapa, the NCDMB executive secretary, said this at a forum organised by the European Union (EU) in Abuja. He noted the long-standing economic…
31 January 2011 Chelsea smashed the British transfer record to sign Spain striker Fernando Torres for 50 mln ($80 mln) from Liverpool, who had earlier made a club record swoop for Newcastle forward Andy Carroll on a dramatic January deadline day. The Blues last week had a 35 million pounds (56 million dollars) offer for Torres rejected, a move which…
1 February 2011 We have yet another Wacky Wednesday ahead of us with a full fixture list on the cards in the Absa Premiership. The last wacky Wednesday on the 19th January saw 17 goals scored and plenty football drama, and with every team is in action again all will be hoping for similar action. Going into the 18th round…
Members of opposition party, All Nigerian Peoples Party, in Nassarawa state have condemned the installation of the 15th traditional ruler in the state, claiming that the small state now has the highest number of traditional rulers in the state. They claim that this will drain the funds of the local government councils which are responsible for the welfare of traditional…
A coordinating body for Non-Governmental Organisations (NGO) in the South-West zone of the country, Women Consortium of Nigeria (WOCON) over the weekend embarked on civic education campaign to mobilise women in Ogun State ahead of the forthcoming elections. The campaign was hinged on the need for the women to ensure they all get registered in the ongoing voter registration before…
A House of Representative member and the leader of the legislative caucus group, known as ‘the Progressives’, Dino Melaye has announced his move out of the People’s Democratic Party to All Nigeria Peoples Party. Mr Melaye in an interactive session with journalists in Abuja at the weekend announced that he had resigned his membership of the People’s Democratic Party (PDP)…
Stephanie Okereke dispels rumours on forthcoming marriage Actress, Stephanie Okereke, has denied rumours making the rounds that her forthcoming marriage to chief executive of Del-York International, Linus Idahosa, has been put on hold. A statement from her publicists, ICY Public Relations said, “Stephanie Okereke is engaged and scheduled to be wedded to Linus Idahosa of Del York International. The wedding…
After the one month extension given by the Central Bank for customers to update their account, queues were still seen at banks yesterday as people tried to meet the deadline. Bank customers hurried to get their accounts updated yesterday at some of the banks visited. In December, the Central Bank directed banks to carry out updates on customers profile in…
Ten stockbroking firms out of the suspended 65 at the Nigerian Stock Exchange (NSE) have met the N70 million minimum capital base requirements stipulated by the Securities and Exchange Commission (SEC), the market regulator. While 61 of the suspended dealing member firms were suspended for inadequate shareholders fund in their 2009 audited accounts, five others were sanctioned for inadequate shareholders…
Nigeria’s $500 million debut Eurobond was yesterday admitted to trading at the London Stock Exchange’s (LSE) Main Market. The bond, which was 2.5 times subscribed, netting $1.25 billion, offers an annual interest rate of 6.75 per cent, and matures in January 2021. A statement by the LSE said the offering creates a benchmark US Dollar bond yield curve that should…
31 January 2011 The four-point lead of table-topping Dolphin in the Nigeria Premier League has been cut to only a point after they crashed 2-0 at Ocean Boys Sunday. Second-placed Sunshine Stars defeated Lobi Stars at home 2-0 and are now within a striking distance of Dolphin. Dolphin have 27 points from 13 matches, while Sunshine Stars are a point…