Yewa leaders reject Amosun

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A group called the Elders Forum of West District of Ogun state yesterday rejected the governorship candidate of Action Congress of Nigeria, Ogun State Chapter, Ibikunle Amosun. The Elders want a candidate from the Yewa zone of the state, claiming that it is the zone's turn, and Mr. Amosun is not from Yewa. Addressing a press conference in Abeokuta, the…

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Edo doctors to go on indefinite strike

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The Edo State chapter of the Nigerian Medical Association (NMA) yesterday insisted that the state government must pay its members the full Consolidated Medical Salary Structure (CONMESS) before it will reverse its decision to embark on a full scale strike when its one week warning strike expires. The state chairman of the Association, Philip Ugbodaga said that they want the…

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Council plans N20m cashew industry

Jasper Uche, the Transition Committee Chairman of Umunneochi Local Government Area in Abia state, said that the council will soon open a cashew processing industry in the area. He revealed this on Sunday in Umunneochi, that the industry will be sited in Mbala community.Mr Uche explained that the industry will utilise the abundant but neglected cashew nuts at Mbala, as…

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Six banks ready for recapitalisation in two weeks

Six of the country's banks are ready to conclude the processes for their recapitalisation in the next two weeks. Central Bank of Nigeria (CBN) director of banking operations, Sam Oni, disclosed this at the end of the Bankers Committee meeting held yesterday in Abuja. He noted that with the progress recorded so far with the regulators intervention with the ongoing…

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Analysts optimistic about foreign exchange derivative products

The move by the Central Bank of Nigeria (CBN) to introduce derivative foreign exchange products will eventually allow for a more stable national currency. According to the Financial Market Dealers Association (FMDA), the body of financial instruments brokers, the commencement will be beneficial to the end users of foreign exchange. Akinsowon Dawodu, president of the FMDA, said the framework, as…

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Where do Mazembe rank?

1 February 2011 TP Mazembe recorded a second straight victory in the African Super Cup at the weekend when they edged Morocco's FUS Rabat on penalties. The African champions have had a tremendous time of late, also reaching the final of the FIFA Club World Cup, where they lost to Inter Milan. And so given all of this success, just…

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Anambra extends schools’ resumption date by one week

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In spite of the federal government’s declaration that all primary and secondary schools should resume academic activities on Monday, the Anambra State government has extended their resumption to February 7. The state’s commissioner for education, Kay Onyechi, made this known in an interview with the News Agency of Nigeria (NAN) in Awka, the state capital, on Monday, stating that the…

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Orji inaugurates reconciliatory panel

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Determined to sooth frayed nerves arising from the recent PDP primaries, Governor Theodore Ahamefule Orji of Abia State has inaugurated a seven-member Peace and Reconciliatory Committee headed by a former senator.Inaugurating the committee led by Ike Nwachukwu at Government House, Umuahia, on Monday, Mr. Orji said the move had become necessary as it was pertinent for the party to go…

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Ogun raises working group on malaria control

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The Ogun State Ministry of Health on Monday in Abeokuta inaugurated a 34-man Technical Working Group (TWG) on malaria control. The group was inaugurated at the launch of communication materials for the campaign on malaria control. Speaking at the ceremony, the Permanent Secretary in the ministry, Tunde Olowonyo, said the State Malaria Control Programme (SMCP) was launched to sensitise residents…

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Food shortage drives up inflation in Uganda

Uganda’s inflation rate rose for a third consecutive month to 5.0 per cent in January from 3.1 per cent in December due to seasonal food shortages, the government’s statistics agency said on Monday. Food prices rose 3.6 per cent in the year to January 2011 compared with a decrease of 1.1 per cent recorded for the year to the end…

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Boost for local gas market

NIPCO Plc, the marketing subsidiary of the Independent Petroleum Marketers Association of Nigeria (IPMAN), will work with the Nigeria Liquefied Natural Gas (NLNG) for the development of the local gas market. This laid to rest the long standing disagreement over others using NIPCO’s Liquefied Petroleum Gas (LPG) storage terminal for the storage and evacuation of products. Lawal Taofeek, the corporate…

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‘Local Content Act will not drive foreigners away’

The Nigerian Content Development and Monitoring Board (NCDMB) yesterday said European Union’s support to the implementation of the Nigerian Content Act will encourage investors from their countries to set up oil and gas facilities in Nigeria. Ernest Nwapa, the NCDMB executive secretary, said this at a forum organised by the European Union (EU) in Abuja. He noted the long-standing economic…

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Chelsea shatter transfer record

31 January 2011 Chelsea smashed the British transfer record to sign Spain striker Fernando Torres for 50 mln ($80 mln) from Liverpool, who had earlier made a club record swoop for Newcastle forward Andy Carroll on a dramatic January deadline day. The Blues last week had a 35 million pounds (56 million dollars) offer for Torres rejected, a move which…

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