Governor Bukola Saraki of Kwara State has advised labour unions to desist from issuing threats to state governments over the new minimum wage. Mr.Saraki said this in Ilorin on Saturday that such threats were unnecessary as the President had yet to sign the bill into law. However, he said that every state would pay the new minimum wage as soon…
The Edo State governor, Adams Oshiomhole has taken the campaign of the Action Congress of Nigeria (ACN) to traders in markets in Benin city, the state capital. The governor who led the campaign train to the Oliha market, Eyaen cattle market, Ahor Cattle market, Aduwawa market, New Benin market, Agbado market and Uselu market at the weekend, urged the traders…
The People's Mandate Party (PMP) and its presidential candidate, Batos Nwadike have condemned Mr Nwadike's exclusion from the presidential debate being organised by the Nigerian Election Debate Group (NEDG). Speaking in Abuja yesterday, the spokesperson of the Batos Nwadike Presidential Campaign Organisation, Esanerovo Agbodo said the exclusion from the debate is a ploy to kill the ambition of smaller political…
he Nigerian Export-Import Bank (NEXIM) at the weekend said it is committed to facilitating the process that would lead to the creation of over 160,000 new jobs in four critical sectors of the country's economy by 2015. Managing Director/Chief Executive of the bank, Roberts Orya, said export-oriented diversification investments programmes is designed to help develop the potentials in the manufacturing,…
Uganda sees headline inflation staying below 10 percent provided international oil prices hold near current levels and the shilling does not weaken any more, a senior central bank official said at the weekend. Louis Kasekende, deputy governor, Bank of Uganda, also told a press conference that the shilling currency was undervalued but the bank had no intention of dipping into…
Nigerian interbank lending rates jumped to 10.41 per cent on average last week from 9.25 per cent the previous week as the market adjusted to a 100 basis point hike in the central bank's key interest rate, traders said on Friday. The central bank on Tuesday raised its benchmark interest rate to 7.5 per cent in a bid to ward…
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 African Leadership Academy, based in South Africa, is a world class school committed to grooming a new…
27 March 2011 Jack Wilshere admits Fabio Capello laid the foundations for England's Euro 2012 qualifying win over Wales by telling his players to copy Barcelona. Capello wants England to replicate Barca's pressing game, which denies opponents time on the ball and disrupts their rhythm, and to drive home the point he showed his players video highlights of the Spanish…
27 March 2011 The drama of the 2012 Africa Cup of Nations qualification campaign resumes on Sunday with yet more top clashes to look forward too. Nigeria take on Ethiopia in a must-win for the Super Eagles, a game you can also follow with our play-by-play, while there is a huge match in north Africa as Algeria host Morocco. The…
The Commission of Inquiry into Witchcraft and Child Abuse in Akwa Ibom State has concluded plans to travel to London, United Kingdom (UK). The commission plans to meet with the Programme Director of a British registered charity, the Stepping Stones Nigeria (SSN), Gary Foxcroft, to get his testimonies over his organisation’s activities with the children of the state. The commission…
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.