OIL POLITICS: Fighting nature at Eko Atlantic

Many people frown when it comes to calls for the holistic respect of the rights of nature. By respecting the rights of nature and understanding that we can do well to work with it and not against it, we will be on the road to achieving the systemic changes needed to halt humanity’s march to the cliff-edge. We shall be…

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EXCL: Benfica spoil for Taiwo ‘war’

18 May 2011 Benfica could block the much-publicised transfer of Nigeria international Taye Taiwo to Italian champions AC Milan as he has signed a pre-contract with the top Portuguese club. Taiwo, 26, is a free agent in the summer after he refused to renew his contract with French club Olympique Marseille, but MTNFootball.com has now been told that Benfica had…

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Council arrests 61 persons over sanitation offences

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No fewer than 61 persons have been arrested and tried by the Mobile Court sitting in Afuze in Owan East Council Area of Edo State over sanitation offences. Braimah Abdulsalami, the Head, Environmental Department of the Council, disclosed this on Monday in Afuze, Edo, while inspecting the refuse dumps at Warake community. Mr Abdulsalami said that 30 of the people…

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ASUU calls for review of elected public officers’ pay

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The Academic Staff Union of Universities (ASUU) on Monday advocated a review of the remuneration of elected public office holders which, according to the body, was "a pathway to solving Nigeria's sociopolitical predicament". Addressing a news conference at the end of its two-day national executive council meeting at Ahmadu Bello University (ABU), Zaria, the association's president, Ukachukwu Awuzie, described the…

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Man dies over ex-student’s election defeat

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A former vice principal of Jamat Nasir Secondary School and a native of Omu-Aran in Irepodun council of Kwara State, Lekan Adedayo, 57, had plans to venture into politics after his retirement, which he didn’t shy away from sharing. Perhaps reckoning it a launching pad for his own political ambitions, he lent his full support to the bid of his…

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‘Stock market still underperforming’

Some market operators have said that despite the current positive trend been witnessed at the Nigerian capital market, the nation's bourse is still underperforming. Bismarck Rewane, managing director of Financial Derivatives Company Limited, a business consultancy firm, said in spite of the upward trend in the market because of "impressive earnings announcements that spur investors, the lack of market depth…

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Government commences data collation on Nigeria’s export-import trends

The federal government has commenced inter-agency collation of data on the country's commodities export-import trend required for the development of agribusiness and agro-allied industries. The data which involve all commodities for the period between 2005 and 2010 for their respective distributive zones, are required by the Committee on Africa's Agribusiness and Agro-business Development Initiative (3ADI) to help realise its mandate.…

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Former finance minister appointed World Bank director

Former finance minister, Mansur Muhktar, has been appointed alternate executive director of the World Bank. He joins former finance minister, Ngozi Okonjo-Iweala and former minister of education, Obi Ezekwesili at the 67-year-old global financial institution. Muhktar's appointment, which is a full-time position in Washington, follows the recent creation of an additional seat for Africa region on the board of the…

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Naira gains on Central Bank dollar support

The Nigerian naira strengthened against the U.S dollar on the interbank market on Monday, helped by increased dollar supply from the Central Bank at its bi-weekly auction, traders said. The naira firmed to 155.60 to the dollar from 155.85 on Friday after the Central Bank met all demands at Monday's bi-weekly auction. The Central Bank sold the $499.89 million demanded…

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Ex-minister supports borrowing to finance infrastructure

Kola Jamodu, the former Minister of Commerce and Industry says there is nothing wrong for Nigeria to borrow money to finance its infrastructure. Mr Jamodu made the declaration when he spoke with the News Agency of Nigeria (NAN) in Abuja on Monday. He was reacting to comments by the Debt Management Office (DMO) that the country needed to borrow money…

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Finance experts urge government to reduce external borrowing

Some finance experts have urged the Federal Government to source for funds internally to reduce the nation's rising external debt stock. They told the News Agency of Nigeria (NAN) in Lagos on Monday that persistent good debt management strategies and prudential borrowing would bail the country out of the debt burden in no distant time. Mashudd Fashola, a Senior Lecturer…

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Lille set to open up six-point lead

17 May 2011 Lille will virtually wrap up the French Ligue 1 title on Wednesday evening if they defeat Sochaux at the Stade Lille-Metropole. Victory for Les Dogues would open up a six-point lead over second-placed Olympique Marseille with just two rounds of the league season left to play, meaning Lille would need just a draw from one of their…

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Top Africans in Italy

17 May 2011 Following on from last weeks look at the best Africans in England and Spain this season, we turn our attention to the Italian Serie A. 5. Mehdi Benatia (Udinese/ Morocco) Appearances/goals: 33/3 The Moroccan defender is in his first season in Italy following a summer move from French Ligue 2 side Clermont and has been a revelation…

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CAF announce route to 2014

17 May 2011 A record African entry for the 2014 World Cup finals has been announced and the qualification process will begin before the end of this year, the Confederation of African Football said. Only Mauritania has failed to enter from Africas 53-member countries, who will each be attempting to fill one of the five places reserved for the continent…

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Protesting Nasarawa university students block federal highway

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Students of Nasarawa State University, Keffi, in the early hours of Monday barricaded Keffi-Abuja road over total blackout and scarcity of water for the past four days in Keffi. A student who spoke under condition of anonymity said: "Even when we had wanted to mount a peaceful demonstration over this issues of light and water, the school management promised that…

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