The naira may not necessarily come under uncontrollable pressure due to the delayed elections, according to some finance experts. Victor Ndukauba, investment research analyst on banking and infrastructure, Afrinvest, a finance research and analysis firm, said though there has been an accumulating pressure on the naira, “the delay in elections would not translate to an uncontrollable pressure on the naira.”…
Goodluck Jonathan, the presidential candidate of the ruling Peoples Democratic Party (PDP), has promised to consolidate his administration’s achievements on the economy, particularly in ensuring that the country attains stable power supply, while agriculture is commercialised and mechanised to provide employment to the youth as well as build a stable economy. His manifestoes, called ‘Agenda for Transformation’, launched as part…
By April 15, 2011, important financial reforms proposed by the U.S. government will come into force. Transnational corporations listed on the US Securities and Exchange Commission (SEC) have been scrambling to insert clauses that would allow them continue operations on the well-worn path of double ‘transparency’ standards. Observers hope there will be no serious changes in the SEC rule as…
The lawmaker representing Ekiti North Senatorial District at the National Assembly, Ayo Arise, has called for the National Broadcasting Commission to sanction the Ekiti State Broadcasting Service. Mr Arise claimed that the broadcasting station announced that he (Arise) lost in Ido/Osi, Oye, Moba and Ikole Local Governments in the National Assembly elections that were cancelled by the Independent National Electoral…
The battle for supremacy in Akungba Akoko in Akoko South West Local Government Area of Ondo State has continued to create tension in the area as the Action Congress of Nigeria (ACN) and the Labour Party (LP) intensify efforts to hold sway in the area. The crisis in the area has degenerated to a level that the two parties have…
Investigation in some motor parks in Kaduna metropolis revealed that the number of passengers travelling out of the state have increased for a non-festive period. Fears of fresh violence in some states in the north were reported, following the cancellation of the April 2 National Assembly election, which some political parties have described as a deliberate ploy by the ruling…
Winners of MTN Project Fame West Africa (PFWA), Iyanya Mbuk, Mike Anyasodo and Chidinma Ekile, are billed to perform at the 2011 installment of The Ghana Music Awards on Saturday, April 9, 2011. According to the awards’ PR company, Black House Media, the three acts will participate in different ways. “It’s part of the plans to expose and empower our…
The new chief executive officer (CEO) of the Nigerian Stock Exchange (NSE), Oscar Onyema, said his agenda for the market will soon be unveiled to the public. Mr. Onyema, 43, who assumed office officially yesterday, as the fourth CEO of the NSE, told NEXT that he has developmental plans for the market but "will soon address the general public" on…
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Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} The economic plans of the presidential candidate of the All Nigeria Peoples Party (ANPP), Ibrahim Shekarau, for Nigeria,…
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} In this interview, the director general of the National Office for Technology Acquisition and Promotion (NOTAP), says billions…
Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} African immigrants sent home over $40 billion (N6 trillion) in remittances last year, according to a new joint…
The south-west zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) will soon acquire a storage facility to ease distribution, Olumide Ogunmade, the south-west chairman of the group, said. He told the News Agency of Nigeria (NAN) in Lagos on Monday that the aim of IPMAN owning a facility was to reduce difficulties often encountered by members in times of…
The naira and its $500 million Eurobond could come under pressure in the coming days as the postponement of national elections unnerves investors, traders and analysts said on Monday. Africa's most populous nation postponed parliamentary and presidential elections by a week on Sunday, after failing to get logistics prepared in time, a major embarrassment for a nation hoping to break…
Nigeria may have foreclosed any plans to explore nuclear energy as an alternative source of electricity power generation. Minister of state for power, Nuhu Wya, who gave this hint in Lagos, said the country would explore other means of power generation in which it has comparative advantage. Responding to a question at the power conference held in Lagos last week,…