Piracy, bane of Nollywood growth, says Emma Isikaku
Hollywood has started tapping into Nollywood’s global popularity. Earlier this year, “Close Enemies,†the first crossover film, was produced in LA by Prince Ade Bamiro using major Nollywood stars. It was made for $300,000 — about 10 times the average Nollywood budget — and was screened in the Nigerian Pavilion at Cannes.
52-year-old HIV positive teacher rapes 12-year-old student
BY PETER DURU MAKURDI-Emotions ran high in Otukpo, Benue State in the week, when a 52 year old HIV positive teacher (name withheld) simply went berserk and allegedly took advantage of his 12 year old female student and raped her. The rather unfortunate incident occurred at Wesley High School, a missionary secondary school located in […]
Okah accepts amnesty, Yar’Adua orders release
To this end, President Umaru Yar’Adua who was delighted by this development, has directed the Attorney-General of the Federation and Minister of Justice, Mr. Michael Aondaokaa to effect the immediately release of the MEND leader.
CBN re-introduces Dutch Auction System
In the circular dated July 8, 2009 entitled: “Revised Guidelines for the Operation of the Foreign Exchange Market: Wholesale Dutch Auction System†the apex bank said “further to the circular Ref: TED/FEM/FPC/GEN/01/088 of May 22, 2009 on the above subject, the Central Bank of Nigeria hereby re-introduces the Wholesale Dutch Auction System (WDAS) with effect from Monday 13th July, 2009. This is in a bid to stimulate activities in the inter-bank and stabilize the Foreign Exchange Market.
Varsity sacks 5 lecturers over alleged sexual harassment
By Anayo Okoli Umuahia—AT least five lecturers have been sacked by the Abia State University, Uturu, over alleged sexual harassment of female students. Also, some lecturers resigned on their own, when they were being probed over cases of sexual abuse. The Vice Chancellor of the University, Prof. Mkpa Agu Mkpa, who disclosed this to journalists, […]
Why we are after chairmen, directors of failed banks—Nwaogwu
By Emma Ujah & Judith Ekezie ABUJA—The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Sen. Nkechi Nwaogwu, said yesterday, the legislature was battling former chairmen and directors of failed banks who were indebted to such banks in order to sanitise the banking system and restore depositors’ confidence in the banking sector. Several […]
