Kerosene explosions claim eight lives in Edo, Delta

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FINANCIAL MATTERS: Understanding the sovereign wealth fund

The fate of the Excess Crude Account (ECA) speaks to the need for clarity on the reasons why we held funds in the account in the first instance; and why we should look forward to keeping it (or anything that looks like it, including through a Sovereign Wealth Fund - SWF). Two things matter in considering these dimensions of the…

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‘Torres will come good’

7 February 2011 Carlo Ancelotti insists Fernando Torres will quickly live up to his 50 million price tag despite the Chelsea striker's dismal debut in a 1-0 defeat against his former club Liverpool. Torres looked totally out of sorts as Liverpool enjoyed a sweet moment of revenge over their former idol just seven days after his controversial British record transfer…

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Fayemi’s wife urges security operatives to find killers

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Bisi Fayemi, the wife of the Ekiti State governor, at the weekend urged the police and other security agencies in the state to apprehend the killers of Taiwo Oluwole, the wife of the minister-in-charge and founder of Mount Zion Baptist Church, Igede-Ekiti. Mrs. Oluwole, 56, was killed two Saturdays ago at a farm in Igede-Ekiti by alleged ritualists. Mrs. Fayemi…

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Negative sentiments dominate market activities

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NNPC made profit from government, says report

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Banks reopen in Egypt

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Bridge collapse isolate varsity town

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Amassoama,the host community of the Bayelsa state-owned Niger Delta University, has been cut off following the collapse of a bridge linking it with Yenagoa, the state capital.The bridge located between Edepie roundabout and Tombia in Southern-Ijaw local government area, was constructed by Shell Petroleum Development Company in the 60s. Though no life was lost, an eyewitness explained that the steel…

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Nigerian Idol fetes 3 finalists

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It has been three months of endless auditions, selections and screening. The organizers have combed the nooks and crannies of Nigeria in search of the first ever Nigerian Idol, and last Saturday, they unveiled the 13 final contestants who will go on to compete for the prize. Like Timi Dakolo, Omawumi, Ruben Studdard, Kelly Clarkson and other Idol finalists, the…

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Messi gives Barca record win

5 February 2011 Lionel Messi hit a hat-trick as Barcelona made history by winning a record 16th successive Spanish League match to beat the previous best of Alfredo Di Stefano's 1960-1961 Real Madrid. Messi scored all the goals in the 3-0 win over Atletico Madrid at Camp Nou as the defending champions opened up a 10-point lead over Real Madrid…

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SA stun Ghana at CHAN

5 February 2011 South Africa created the first shock of the 2011 African Nations Championship with a come-from-behind 2-1 victory against Ghana in Sudan Saturday. Most of the winning team play for third-tier league clubs as Premiership and first division sides refused to release their stars for a tournament restricted to home-based footballers. Ghana, runners-up to the Democratic Republic of…

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Dolphin sink Sunshine

6 February 2011 Dolphin have reopened a four-point lead at the top of the Nigeria Premier League after a 1-0 home win over closest rivals Sunshine Stars. Dolphin thus have 30 points from 14 matches, while Sunshine Stars stay on 26 points. Ghanaian striker Owusu Addae was the match hero for the Port Harcourt side with a 20th minute strike…

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Association warns Nigeriens to avoid voter registration

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The Association of Republic of Niger residents in Taraba State has warned its members against participating in the ongoing voter registration. Its chairman, Mohammed Warsu, told the News Agency of Nigeria in Jalingo on Thursday that he has told his people that the exercise was meant for only Nigerians. “I have also told them that participation of foreigners in the…

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Ondo declares public holiday

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The Ondo state government has declared Friday, February 4, a work-free day to enable full participation of the civil servants in the registration exercise. Clement Faboyede, Commissioner for Cooperative and Community Development, told journalists that this is to offer the final opportunity to those who have not been able to register. Mr.Faboyede revealed that, access to social services like education,…

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Osun governor asks group to intervene in university crisis

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Governor Rauf Aregbesola of Osun State has challenged the Yoruba Council of Elders (YCE) to intervene in the ownership crisis between Osun and Oyo States over the Ladoke Akintola University of Technology, LAUTECH, Ogbomoso. Receiving members of the YCE, led by its national chairman, Adeyinka Adebayo, a retired major general, on a courtesy visit in his office in Osogbo yesterday,…

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