South Africa is talking to the Democratic Republic of Congo to revive a stalled $8-$10 billion 5,000 megawatt hydro power project on the Congo River, South African energy minister, Dipuo Peters, said on Tuesday. Last year, the DRC rejected a proposal by the Western Power Corridor (Westcor), a joint venture between five southern African governments and power utilities, that would…
The Bank of Industry (BoI) and Nigerian Export-Import (NEXIM) Bank have so far received only six applications from prospective beneficiaries of the $200 million (about N30 billion) special fund by the federal government dedicated to the development of the entertainment sector. Since the announcement of the Nigerian Creative and Entertainment Industry Stimulation loans scheme last year, as part of efforts…
14 March 2011 African Footballer of the Year Samuel Eto'o raised his Inter Milan goal haul in all competitions this season to 31 by scoring in a drawn Serie A match against Brescia at the weekend. The Cameroon striker and captain, who turned 30 last week and opened his official website, put the defending champions ahead on 18 minutes by…
14 March 2011 Sir Alex Ferguson believes his Manchester United side can cope with the pressure and demands as they target winning further silverware at Old Trafford this season. With United fighting on three fronts, Ferguson says his trophy-chasing players have been here before as he issued a rallying cry for the rest of the campaign. And the veteran Scot…
15 March 2011 Wednesday could provide a pivotal day of action in the South African Premier League as first plays second. Top-of-the-table Orlando Pirates travel to second-placed Ajax Cape Town, leading by a single point, but with the knowledge that they could be removed from the summit. Should Ajax win they will go two points clear, and also potentially allow…
Chairman of Edo State Anti-Pipeline Vandalisation Committee, Osakpamwan Eriyo, has been suspended by the state governor, Adams Oshiomhole, following a protest by some Benin youth over an alleged assault on the person of Uyiekpen Erediauwa, a Benin prince. Mr. Eriyo, who was in charge of anti-pipeline vandalism, and also a revenue collection contractor to Oredo local government council, was alleged…
Kwara’s leading politician, Olusola Saraki, has urged the electorate in the state to vote for his daughter, Gbemisola Saraki, in the April governorship election, just as he lamented the opposition to his daughter’s ambition to govern the state. He made the plea in Ilorin on Sunday at the inauguration of the governorship campaign of Ms. Saraki, the gubernatorial candidate of…
Violent clashes between thugs of the People’s Democratic Party (PDP) and Action Congress of Nigeria (ACN) in Akwa Ibom State has left three people dead and several others injured. The clashes took place in Okoita, and Abat Etim Ekpo Ward 1 in Ibiono Ibom and Etim Ekpo Local Government Areas of the state. The Commissioner for Housing and Urban Renewal,…
Some market operators at the Nigerian Stock Exchange (NSE) have criticised the recent proposed extension of trading period by another two hours. Emmanuel Ikazoboh, interim administrator of the NSE, announced last week that he will increase trading activities by another two hours within the next two months. The move will take trading hours to seven. The NSE had last December…
The National Pension Commission (PENCOM) said the recent review of its investment guidelines for pension fund assets was done in order to allow for investible funds to be channeled to critical sectors of the economy. The revised guidelines, which were released on December 16 last year, were designed to enable pension funds to be used to intervene in correcting the…
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15 March 2011 Black Stars coach Goran Stevanovic has handed the top scorer in the Ghana Premier League, Nathaniel Asamoah, a maiden call-up to the squad for this month's matches against Congo and England. The Serbian trainer has also recalled in-form Belgium-based defender Daniel Opare after a three-year absence in the 24-man squad. And impressive Qatar-based speedster Opoku Agyemang returns…
15 March 2011 Dolphin of Port Harcourt are the first round champions of the Nigeria Premier League (NPL). They have 43 points from 19 matches, four points ahead of closest rivals Sunshine Stars. MTNFootball.com lists five major reasons why Dolphin are on course to their third NPL title. 1. Continuity In a league, where most clubs lack stability as a…
15 March 2011 Some of Europes biggest clubs will be looking to use home advantage to seal a place in the quarterfinal of the UEFA Champions League when they play second leg knockout matches this midweek. First up on Tuesday evening, Manchester United and Bayern Munich host Olympique Marseille and Internazionale respectively. United come into the game after a morale-boosting…
The People’s Democratic Party in Osun State has accused leaders of the Action Congress Of Nigeria (ACN) of planning to contribute money to influence the outcome of a probe set up by the National Judicial Council to investigate the chief justice of the federation, Alphosus Katsina-Alu and the president of the Court of Appeal, Ayo Isa-Salami. The party, in a…