Members of opposition party, All Nigerian Peoples Party, in Nassarawa state have condemned the installation of the 15th traditional ruler in the state, claiming that the small state now has the highest number of traditional rulers in the state. They claim that this will drain the funds of the local government councils which are responsible for the welfare of traditional…
A coordinating body for Non-Governmental Organisations (NGO) in the South-West zone of the country, Women Consortium of Nigeria (WOCON) over the weekend embarked on civic education campaign to mobilise women in Ogun State ahead of the forthcoming elections. The campaign was hinged on the need for the women to ensure they all get registered in the ongoing voter registration before…
A House of Representative member and the leader of the legislative caucus group, known as ‘the Progressives’, Dino Melaye has announced his move out of the People’s Democratic Party to All Nigeria Peoples Party. Mr Melaye in an interactive session with journalists in Abuja at the weekend announced that he had resigned his membership of the People’s Democratic Party (PDP)…
Stephanie Okereke dispels rumours on forthcoming marriage Actress, Stephanie Okereke, has denied rumours making the rounds that her forthcoming marriage to chief executive of Del-York International, Linus Idahosa, has been put on hold. A statement from her publicists, ICY Public Relations said, “Stephanie Okereke is engaged and scheduled to be wedded to Linus Idahosa of Del York International. The wedding…
After the one month extension given by the Central Bank for customers to update their account, queues were still seen at banks yesterday as people tried to meet the deadline. Bank customers hurried to get their accounts updated yesterday at some of the banks visited. In December, the Central Bank directed banks to carry out updates on customers profile in…
Ten stockbroking firms out of the suspended 65 at the Nigerian Stock Exchange (NSE) have met the N70 million minimum capital base requirements stipulated by the Securities and Exchange Commission (SEC), the market regulator. While 61 of the suspended dealing member firms were suspended for inadequate shareholders fund in their 2009 audited accounts, five others were sanctioned for inadequate shareholders…
Nigeria’s $500 million debut Eurobond was yesterday admitted to trading at the London Stock Exchange’s (LSE) Main Market. The bond, which was 2.5 times subscribed, netting $1.25 billion, offers an annual interest rate of 6.75 per cent, and matures in January 2021. A statement by the LSE said the offering creates a benchmark US Dollar bond yield curve that should…
31 January 2011 The four-point lead of table-topping Dolphin in the Nigeria Premier League has been cut to only a point after they crashed 2-0 at Ocean Boys Sunday. Second-placed Sunshine Stars defeated Lobi Stars at home 2-0 and are now within a striking distance of Dolphin. Dolphin have 27 points from 13 matches, while Sunshine Stars are a point…
31 January 2011 Orlando Pirates retained their place at the head of South Africas Absa Premiership standings with a comfortable 2-0 away victory over Free State Stars on Saturday afternoon. The Buccaneers found themselves under some pressure coming into the game after Ajax Cape Town had leapfrogged into pole position with a 2-0 defeat of Moroka Swallows on Friday evening,…
The gubernatorial candidate of the Congress for Progressive Change (CPC), Mohammed Buba Marwa, over the weekend, obtained his voter’s card at his Michika hometown in Adamawa State where he called on Nigerians to support the Independent National Electoral Commission. The Nigerian envoy to South Africa, with his voter’s card in his hands, told citizens of the state of voting age…
About 12 suspected cult members reportedly invaded and robbed patients at the Agbarho General Hosptal located on the outskirts of Agbarho, a quiet town in Ughelli North Local Government Area of Delta State last week. The hoodlums entered the hospital premises through the back of the hospital. Behind the hospital are about six acres of land, mostly used for farming.…
Tragedy struck in the camp of the Ondo State chapter of the Labour Party yesterday when one of the leaders of the party, Yesiru Oladele, died after becoming unconscious while reading a newspaper at his Ijapo residence in the Akure metropolis. Mr. Oladele who was until his death, the chairperson of the Ondo State Local Government Service Commission, died around…
Still basking in the euphoria of winning the 2010 Next Movie Star reality television show, Akio Precious Ilami is now squaring up to the busy life of an accustomed actress. For the past four weeks, the 20-year-old University of Jos Linguistic student, alongside other housemates in the recently concluded popular television show, has been on the location of Dormitory 8,…
Burundi’s annual inflation rate dropped to 6.5 percent last year from 10.5 percent 2009 thanks to lower food costs, but prices will likely rise again in 2011, the country’s statistics board said on Friday. “Prices of food products were generally low in 2010 compared to 2009,” said Elie Ndiririkirirenza, head of the price index at the Institute of Economic Studies…
Kenya’s biggest sugar miller, Mumias, forecast an improved second half after six-monthly pretax profit fell to 1.18 billion shillings from 1.52 billion because heavy rain disrupted cane deliveries. Production in the six months to the end of December 2010 fell to 113,521 tonnes from 123,183 tonnes while sugar sold was down 7 percent to 108,110 tonnes. Earnings from the sale…