Trading activities at the Nigerian Stock Exchange (NSE) witnessed a negative performance on Thursday after recording an improvement the previous day. The market capitalisation of the 201 First-Tier equities closed lower yesterday at N8.504 trillion after opening the day at N8.529 trillion, reflecting 0.29 per cent decline or N25 billion losses; about N87 billion gains were recorded after Wednesday’s trading.…
A halt to cocoa buying in Cote D’Ivoire is leaving beans to rot in farm warehouses, while smuggling through Ghana intensifies and some growers switch to other crops, farmers said on Thursday. Economic sanctions, a cocoa export ban, and a liquidity shortage since incumbent Laurent Gbagbo seized the central bank’s local branch has left the cocoa industry in chaos in…
Internal communication is an important tool for imparting the culture and values of an organisation to its employees. This way, employees can be enlisted to share in the company’s vision and goals. The focus of this column last week was on living the brand, but without a functional internal communication mechanism, there is no way employees can live the brand…
11 February 2011 Nigeria Premier League title-chasing pair of Dolphin and Warri Wolves could slip this weekend away at Zamfara United and Gombe United. Dolphin have opened a four-point lead at the top of the NPL table, but this could be cut back if they fail to win at relegation-threatened Zamfara on Sunday and second-placed Sunshine Stars make the most…
Mohammed Abacha, son of late former military Head of state, Sani Abacha, yesterday alleged at a Federal High Court sitting in Abuja that the Congress for Progressive Change (CPC), plans to change his name which was earlier submitted to the Independent National Electoral Commission (INEC), as the governorship candidate of the party for Kano State. Mr Abacha’s name appeared on…
The Minister of Mines and Steel Development, Musa Sada on Thursday, revealed that new mining regulations will be ready by April this year. Mr Sada, said in a speech at the African Mining Conference in Cape Town, South Africa, that the aim is to encourage more investment into Nigeria’s mining sector. He said in addition a sustainable development fund is…
Opposition parties in Cross River State will not participate in the forthcoming elections if the state Resident Electoral Commissioner [REC], Mr. Mike Igini, is redeployed, as demanded by the People’s Democratic Party [PDP] . Secondly, members of the Conference of Nigerian Political Parties [CNPP], which constitute the opposition in the state, will boycott the April general election should the Independent…
Olufemi Ademola Fagade, popularly known as Omobaba #1, is one of Nigeria’s top comedians, famous for telling jokes about his ugly look. Omobaba started out singing at his church before joining a cultural group in his secondary school. The Osun State born got into comedy when he stood in as an MC and reprised old jokes by veteran stand up…
Pasuma Wonder presents Ohun Popular Fuji musician, Wasiu Alabi Pasuma has teamed up with some entertainment companies to present a new reality TV show. According to EIC Communication, one of the partner companies, the new television show, Ohun meaning Voice, is aimed at uncovering new talents in the genre. Audition for the shows first television contest, will take place in…
‘Nonsense’ crooner, Z Don Paporella, has released a new single, ‘Aye’n Soro (Rise Again)’, off his upcoming third studio album, ‘I Am Zdon’. The new track features acclaimed singer Faze, and is produced by erstwhile Infinity group member, Sunny Steve. The track, themed around the restoration of hope, boasts of a catchy dance beat blended with soothing vocals from both…
King Sunny Ade The last time we talked about the King of Juju music, King Sunny Ade was when he stormed the Lafarge Gala Nite late last year to steal the show as all eyes which were formerly on the captains of industry that graced the occasion switched to rivet on the music legend who strolled in, looking simple in…
Aganbi When De Pub came to town, that is the oil city of Warri, Delta state, some were of the opinion, the socialite owner, Andrew Aganbi, was just trying to throw money around and probably just stashing away some dough in an investment that would sooner fold up than it could get off the ground. But these sets of bad-mouths…
Music, it is said, can soothe the savage beast, speak as a universal language, and act as the great stress relieving stimulant. But beyond all these noble aspirations, is it’s great ability to generate truckloads of money. This is it’s very interesting side and Nigerian music artistes particularly have found short cuts to this pot of wealth by creating amazing…
Egypt's core annual inflation rose to 9.74 per cent in the year to January from 9.65 per cent in December, the Central Bank said on its website on Thursday. Core inflation affected subsidised goods and volatile items including fruit and vegetables. Urban consumer price inflation, the most closely watched indicator of prices, rose to 10.8 per cent year on year…
Growth in South Africa's manufacturing output slowed to just 0.2 per cent in December and was far below analysts forecasts, showing the vital sector still struggling to recover from a recession in 2009. The number is likely to affect economic growth estimates for the fourth quarter of 2010, but analysts said on its own it was unlikely to shift expectations…