Kenya’s shilling was slightly weaker against the dollar on Monday, pressured by dollar demand from the energy sector and traders said they see the shilling gaining once tea exports start flowing to Egypt. At 0815 GMT, commercial banks quoted the local currency at 81.35/55, from Friday’s close of 81.40/50. “The shilling has been under a lot of pressure for a…
More private companies have expressed their interest in the electricity companies being offered for sale by the federal government ahead of the February 18 deadline for receipt of applications. In December last year, the government, through the Bureau for Public Enterprises, called for interested buyers for 51 per cent stake in 11 electricity distribution companies, while concessionaires are sought for…
Ordinarily, consolidation makes a position of power or success stronger so that it is more likely to continue. Several enterprises have utilised consolidation by way of mergers, acquisitions, and combinations to avert failure or grow their businesses. However, it is a risky double-edged sword that could mar the fortunes of enterprises if improperly conceived. The case of Nigeria’s banking industry…
The executive members of the students’ union government of Ambrose Alli University, Ekpoma, have directed students of the institution not to pay more than half of their school fees for the current academic session. This is coming just as they decry the poor state of infrastructure of the state-owned school. The union also called on the President Goodluck Jonathan, the…
The National Universities Commission recently introduced entrepreneurship studies as a compulsory subject for all university undergraduates in Nigeria. So the Nigerian Educational Research and Development Council (NERDC) has also included entrepreneurship studies in its newly-developed curriculum for secondary schools. Godswill Obioma, executive secretary of the NERDC told journalists at the weekend in Abuja that the effort is geared towards inculcating…
The Federal Capital Territory’s secretary for social development, Blessing Onuh, along with other administration delegates, presented Valentine’s Day gifts, including money, yesterday to survivors of the New Year’s Eve bomb blast in Abuja. The delegates visited people who were injured during the bomb blast, which occurred at the mammy market inside Mogadishu Barracks, at the Asokoro General Hospital where they…
Nigeria's comedian, Koffi and his group, Workerman Movement will release their debut album titled ‘All Eyes Open' in March 2011. The album which will be marketed by Happy Boys Entertainment will contain 12 songs and 3 bonus tracks. With singles -‘No Be Ashy' and ‘Going Nowhere' currently receiving airplay, the group also known as workerholiks, will also release their video…
Fadama user groups in Aragba-Orogun, Ughelli North local government area of Delta State, have received farming tools worth N2.8 million. The coordinator of the Fadama III Project in the state, Anthony Abanum, told the News Agency of Nigeria (NAN) in Asaba that the items were given to the groups to enhance their members’ productive capacity. Mr. Abanum listed the farm…
The Garki Model Market in Abuja would soon have pre-paid electricity meters, an official of the market told the News Agency of Nigeria (NAN) on Monday in Abuja. The market has been without electricity since January 2010 because of a N23.7 million debt owed the PHCN. Innocent Amaechina, head, corporate affairs, Abuja Markets Management Ltd. (AMML), managers of the market,…
The Sokoto State government has donated the sum of N80 million to the 681 flood victims in Gwadabawa local government area of the state. The state commissioner for water resources, Umaru Walin-Isa, disclosed this on Sunday in Huchi village while addressing the victims before the commencement of the disbursement of the money to them. Mr. Walin-Isa said that the beneficiaries…
14 February 2011 Real Madrid showed real character to close the gap on leaders Barcelona to five points winning 1-0 at Espanyol, despite playing virtually the whole match with 10 men after goalkeeper and captain Iker Casillas was sent off after just 90 seconds. Brazilian international left back Marcelo scored the decisive goal on 23 minutes as Real took advantage…
14 February 2011 South Africa and Niger booked their place in the African Nations Championship quarterfinals on Sunday when they finished in the top two positions in Group B in Sudan. The pair, who also share a 2012 Africa Cup of Nations qualification pool, completed wins that see the South Africans top the group, and Niger second. South Africa will now…
14 February 2011 Dolphin maintained a four-point lead at the top of the Nigeria Premier League after a 1-0 win at Zamfara United, just as closest rivals Sunshine Stars beat Ocean Boys 2-0 at home. Dolphin have thus recorded 33 points from 15 matches, while Sunshine moved up to second spot on 29 points. Surprise package Bukola Babes also consolidated…
14 February 2011 It was an action packed weekend in the PSL which saw the six matches taking place averaging three goals per game. Kicking off the goal feast on Friday night was as seven goal thriller between Ajax Cape Town and Santos (the first Absa Premiership game with seven goals this season). This was certainly one local derby that…
The chairman, Irrigation Farmers Association in Katsina State, Salisu Lema-Jikamshi, has called on government to facilitate the establishment of tomato processing companies to create jobs. Mr. Lema-Jikamshi made the appeal in an interview with the News Agency of Nigeria (NAN) in Funtua, Katsina State, on Friday, and noted that irrigation farming provided job opportunities to many Nigerians. He said although…