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Tuesday 14th July 2020,
Hope for Nigeria

Nigeria – Cement Manufacturers Reject Substandard Claims

Cement manufacturers in Nigeria have staunchly refuted claims that poor quality of the commodity is responsible for the increasing cases of collapsed buildings all over the country.   The association of cement producers comprising, Lafarge Cement, Wapco, Ashaka Cement, Northern [...]

February 15, 2014 Business, Economy

Lagos – Biometric registration of bank customers starts

The $50 million Biometric Solution project instituted by the Central Bank of Nigeria (CBN) and the Bankers’ Committee kicked off yesterday in Lagos. The exercise, which would provide central database for all bank customers across the country, was launched by [...]

February 15, 2014 Economy

Ex-Speaker Bankole weeps as court frees him

Reprieve came the way of ex-Speaker, Dimeji Bankole, yesterday as a Federal High Court in Abuja discharged and acquitted him on charges bordering on fraud and abuse of office. Justice Evoh Chukwu, in a ruling on a no-case submission by Bankole, held [...]

February 15, 2014 Government and politics, Law

Prophet Kayode Abiara: Warns politicians not to make 2015 elections a do or die affair

The General Evangelist of the Christ Apostolic Church (CAC) Worldwide, Prophet Kayode Abiara, has warned politicians not to make 2015 elections a do or die affair. Although he described 2014 as “ a year of happiness, peace, joy, victory and [...]

February 15, 2014 Government and politics

Passengers panic on aborted Aero flight

There was panic aboard Aero Contractors Flight Aj2002 from Lagos to Douala Friday when passengers, including 2Face Idibia discovered that one of the doors was open 30 minutes after take-off. An angry passenger who does not want his name mentioned [...]

February 15, 2014 Business, Economy

Nigeria central bank intervenes to support naira

Nigeria’s central bank intervened on Friday to help the naira recover to around 161.85 to the US dollars, after it weakened to around 164 earlier in the session. Dealers said the regulator told lenders to bid for a minimum of [...]

February 15, 2014 Business, Economy

NNPC turn relief into nightmare – Kerosene

Nigeria is one of the world’s largest producers of crude oil which supposes that kerosene, a by-product, predominantly used by millions of our people as the cheapest energy for domestic cooking, suddenly became a scarce commodity as the price went [...]

February 15, 2014 Economy, Oil & Gas

Jonathan – Awards cash gifts to Chan Eagles

President Goodluck Jonathan, on Thursday handed cash gifts to the home-based Super Eagles, who picked up a bronze medal at the African Nations Championship (CHAN) in South Africa. The Presidency handed out a total of N31million, in a reception organised [...]

February 15, 2014 General

Nigeria- Promises investors stability in power sector

Nigeria would guarantee the stability of legislation and offtake agreements for power producers as the country sought to expand electricity output, its sector regulator said this week. Measures taken to protect investments against regulatory changes, the risk of losing invested [...]

February 15, 2014 Economy, Power

Nigerian Breweries – Profit increases by 27%

Nigerian Breweries (NB) has published its fourth quarter (Q4) 2013 results which showed that profit after tax (PAT) grew by 27 per cent as against last year to N16.3 billion. Although Q4 2013 sales grew 9 per cent, a gross [...]

February 15, 2014 Business

Excess Crude Account Now $2.1bn

The Excess Crude Account (ECA), which was created to provide succour in rainy days for the federation, now  has only about $2.1 billion in its kitty. The depletion of the ECA from about $11 billion in December 2012, has been [...]

February 14, 2014 Oil & Gas

“Nigerians must live in decent houses”

President Goodluck Jonathan on Thursday vowed to ensure that all Nigerians lived in decent houses. The President spoke at the inauguration of the Federal Mortgage Bank of Nigeria’s Aviation Village and the National Housing Fund electronic card in Abuja. According [...]

February 14, 2014 Real Estate

Kelly Rowland spends Valentine’s Day with fiancé Tim Witherspoon in Nigeria

American Music Star, Kelly Rowland and her Manager cum fiancé, Tim Witherspoon arrived at the Murtala Muhammed International Airport, Ikeja, Lagos on Thursday, 13th February, 2014. Kelly is in Lagos for Darey Art-Alade‘s Love Like a Movie II: Love Roller [...]

February 14, 2014 General, Music and film

Zuma – South Africa much better now

President Jacob Zuma urged South Africans to recognise how far the country had come since the end of apartheid, in an election-year state of the nation address yesterday. Insisting that his detractors did not see the good story that South [...]

February 14, 2014 Africa

Nigeria’s Staple Crop Zones to Gulp $1.063bn – UNIDO

The United Nations Industrial Development Organisation (UNIDO) has estimated that the first phase of the Staple Crop Processing Zones (SCPZs), a project of the Federal Ministry of Agriculture and Rural Development (FMARD) located in six states of the federation will [...]

February 14, 2014 Agriculture, Economy

Osun to spend N30.5bn on 93km road projects

Mr Oladepo Amuda, the Special Adviser to Gov. Rauf Aregbesola on Works, on Monday said the Osun government would spend N30.5 billion on road construction projects in the state. Amuda spoke in Osogbo during the 2014 budget defence before the [...]

February 14, 2014 Environmental issues

Jonathan – We’re committed to improving the living standards of Nigerians

President Goodluck Jonathan, yesterday, said improvement of the living standards of Nigerians was a commitment his administration was resolutely pursuing. The President, who spoke at the commissioning of the Federal Mortgage Bank of Nigeria, FMBN, Aviation Village, Abuja, said his [...]

February 14, 2014 Economy

Missing $20bn Oil Money – FG to hire forensic auditors

The Federal Government is to hire independent forensic auditors to examine the books of the  Nigerian National Petroleum Corporation, NNPC,  with a view to ascertaining whether or not it has failed to remit  oil revenues to the Federation Account, as [...]

February 14, 2014 Business, Oil & Gas

Jonathan – $2.9tn needed to develop infrastructure

President Goodluck Jonathan has said the country needs about $2.9tn investment layout to develop infrastructure over the next 30 years. The President said this at the Nigeria Power Sector Investors’ Conference held at the Banquet Hall of the Presidential Villa [...]

February 14, 2014 Business, Economy, General

Africa needs $40 bn investment annually to meet energy target

The European Union (EU) on Wednesday said Africa needs 40 billion dollars worth of annual investment to meet its energy needs by the year 2040. EU’s Special Representative to the African Union, Mr Gary Quince, said this at the opening [...]

February 14, 2014 Demographics, Power

CBN may withdraw all govt funds from banks

In a bid to reduce pressure on the naira and maintain macro-economic stability, the Central Bank of Nigeria’s Monetary Policy Committee may increase the Cash Reserve Requirement of public sector funds in the vaults of banks to 100 per cent [...]

February 14, 2014 Business, Economy

Botswana – 100 rhino to be moved to for safekeeping

African safari operators and conservation groups said on Wednesday they plan to move up to 100 rhino to Botswana for safekeeping, as poaching levels spike to new highs. “One hundred rhino will be captured and safely transported from South Africa… [...]

February 13, 2014 General, Science and technology

299 retirees from Lagos get N1.2bn

The Lagos State g o v e r n m e n t y e s t e r d a y presented retirement bond certificates worth N1.2 billion to 299 retired civil servants under the state Contributory Pension Scheme, [...]

February 13, 2014 General

Lagos reaffirms commitment to building Fourth Mainland Bridge

The Lagos State gov¬ernment has reaf¬firmed its commit¬ment to building the proposed Fourth Mainland Bridge which will link the is¬land to the mainland part of the commercial city, faulting what it calls “baseless insinu¬ations” from certain quarters that it has [...]

February 13, 2014 Business, Economy

Unilever to Expand Tanzania Tea Output

Unilever, a leading global supplier of fast moving consumer goods, has chosen the Southern Agricultural Growth Corridor of Tanzania (SAGCOT) to expand its tea production. The move comes barely five months after Unilever and the Tanzania government went into an [...]

February 13, 2014 Business, Economy

Tanzania – TV Stations Go Digital in Seven Regions

DESPITE being the first country in East Africa to migrate from analogue to digital Television broadcasting, Tanzania has just managed to roll out signals in seven out of 27 regions on the Mainland. Kenya on the other hand has been [...]

February 13, 2014 General

Nigeria – FG Partners IBM for Technology Development in Nigeria

In response to technology driven solutions that will resolve identified challenges in key sectors of the Nigerian economy; the Ministry of Communication Technology (MoCT) has partnered a IBM. To begin the process, the MoCT last week in Abuja coordinated a [...]

February 13, 2014 Business, Economy

Rice Enters Nigeria, Despite No Ocean Port Arrivals since January 2012

While about half of Nigeria’s rice consumption comes from imported rice and cross border imports are illegal, rice has not come into any of the country’s ocean ports since January 2012, claim the Seaports Terminal Operators Association of Nigeria, STOAN, [...]

February 13, 2014 Business, Economy

Central African Republic – Rights groups warn of ethnic cleansing of Muslims

Attempts to purge Muslims from parts of the war-torn Central African Republic have prompted “a Muslim exodus of historic proportions,” rights group Amnesty International warned Wednesday. International peacekeepers have “failed to prevent the ethnic cleansing of Muslim civilians in the [...]

February 13, 2014 Africa, General

Lone survivor found as Algeria plane crash kills 77

A military aircraft carrying 78 people crashed in Algeria’s mountainous northeast on Tuesday, leaving just one survivor in one of the country’s deadliest air disasters, the defence ministry said. President Abdelaziz Bouteflika announced three days of national mourning to begin [...]

February 12, 2014 General, Technology, Transportation