Finance experts say the outlook for the Nigeria Stock Exchange is positive and bright and that foreign investors are indicating interest, despite the forthcoming elections. The experts, who spoke at a pre-investors conference, said foreign investors are looking beyond the recent financial crisis. “The worst is over,” Akeem Oyewale, CEO, Stanbic IBTC stockbrokers said yesterday. “We are optimistic about the…
The use of tax consultants by government is a drain on its resources and may be responsible for the inability to record enhanced revenue yield. Former chairman of the Federal Inland Revenue Service (FIRS), Kayode Naiyeju, at the close of the 2011 Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) Members’ Retreat in Uyo, Akwa Ibom, at the weekend, said the…
The Bureau of Public Procurement (BPP) yesterday warned Ministries, Departments and Agencies (MDAs) against awarding contracts that are not approved in the annual budget, to avoid unnecessary indebtedness to contractors nationwide. Director of civil infrastructure of the Bureau, Nebolisa Emodi, who gave the warning at the one-day stakeholders’ workshop for Federal MDAs in Abuja, said this was to help meet…
21 February 2011 Sunshine Stars kept alive their hopes of a first-ever Nigeria Premier League conquest with a 3-0 demolition of last seasons runners-up Kano Pillars. The big home win by the Akure club ensured they stayed in touch with league leaders Dolphin as they now have 32 points from 16 matches, four points behind the Port Harcourt outfit. Petite…
21 February 2011 The semifinal line-up has been completed at the 2011 African Nations Championship with all four teams confident that can go all the way in this year's tournament. Hosts Sudan will take on Angola in Tuesday's first semifinal, with the other match between an all-north African affair between Tunisia and Algeria. Angola skipper Kali says the ow-key nature…
21 February 2011 After round 21 of the Absa Premiership Orlando Pirates remained on top of the log with both Kaizer Chiefs and Ajax Cape Town closely on their heels. It was another action packed weekend in the PSL with games averaging 2.75 goals per game. In total 22 goals were scored in the eight matches taking place, but there…
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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-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} The Action Congress of Nigeria (ACN) in Ekiti State at the weekend criticised the ousted governor of the state, Segun Oni over…
The leadership of Ipokia local government in Ogun State at the weekend moved to improve the capacity of the state command of the Nigeria Police Force with the donation of a crime fighting vehicle. The head of the council, Irene Afolashade Kokumo, said her administration is prepared to collaborate with law enforcement agents to bring the incidence of crime to…
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;} MTN Project Fame West Africa Season III winner, Chidinma Ekile simply known as Chidinma has released two new…
Out of the hundreds of youngsters who stormed Ikeja for auditioning to play the role of Dagrin in the biopic Stingomania Entertainments is recording in the late rapper’s honour, Trybson Dudukoko has emerged the lucky chap. Born Oladimeji Imoru Ganiyu, the Fuji artiste who lost his father to high blood pressure a few months after birth released his first album…
The show, ‘Festival of Love’ may have come and gone but those present at the classy romantic evening show in Abuja will not forget the remarkable evening in a hurry. It was a lavish and extra-ordinary love party. What made the show exceptionally classy was the quality of crowd and performances. Couples in Abuja stepped out to the show with…
Mr. GuGu E. Michaels Producer of the action packed thriller “Dangerous Men”, which was banned in Nigeria last year by the National Film and Video Censors Board(NFCVB), Mr. GuGu E. Michaels has vowed never to dream of coming to the country again for any film production. GuGu made his feeling known from his base in America, while chatting with HVP…
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-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} The Nigeria Labour Congress (NLC) has advised Union Bank to fulfil its part of the terms of agreement which both parties reached…
The Central Bank of Nigeria's (CBN) insistence, last year, on banks' compliance with section 5.3.10 of its ‘Code of Corporate Governance for Banks in Nigeria Post-Consolidation' raised more questions than it answered. The CBN's action provided one answer: by requiring that "non-executive directors should not remain on the board of a bank continuously for more than 3 terms of 4…