FGN Bonds record N14tr transactions in 10months

FGN Bonds record N14tr transactions in 10months

By Temilade Adegunleyin The value of transactions in Federal Government of Nigeria (FGN) bonds rose to N14trn in the first ten months of 2009, says Dr Abraham Nwankwo, Director General, Debit Management Office of Nigeria (DMO). Speaking in Lagos on Wednesday, he said that from N10.09trn in 2008 value of transactions in FGN bonds, it […]
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The Courage to Challenge

The Courage to Challenge

Nigeria has become the black sheep of the world oil producing community for her lack of accountability and unproductive use of the oil revenue. Among the OPEC countries, Nigeria is the least enterprising in the management of oil revenue. In Africa, Libya, Angola and Sudan have utilised their oil revenue better than Nigeria.

Group faults FG on varsities workers’ seized salaries

Group faults FG on varsities workers’ seized salaries

A GROUP of education rights activists, under the aegis of Education Rights Campaign (ERC), has condemned in its entirety the reported seizure of August and September salaries of public universities’ workers by the Federal government because of the recently suspended industrial action that paralysed the nation’s ivory towers for over three months.

ETI gets N15bn equity investment from IFC

ETI gets N15bn equity investment from IFC

The International Finance Corporation (IFC) has injected about N14.85 billion (US$100 million) in Ecobank Transnational Incorporated (ETI). The injection represents equity investment in the bank, making the IFC one of the majority shareholders in the Pan-African bank, the parent company of the Ecobank Group. According to a statement by the bank, the investment is part […]

Aflasafe application improves grain quality

Aflasafe application improves grain quality

Nigerian farmers participating in the biocontrol of aflatoxins using Aflasafe — a biocontrol product developed by the International Institute of Tropical Agriculture (IITA), have said that grain quality after application of the product improved, signaling prospects of a significant drop in aflatoxins on the grains. “There has been an improvement in grain quality. With the […]

Dana cuts billets import by 81%

Dana cuts billets import by 81%

By  Franklin Alli Dana Steel Limited, the core investor in the Katsina Steel Rolling Company, has cut down the volume of its billets’ import by 81 per cent.  Billets are one of the raw materials used in the production of steel. Jacky Hathiramani, Managing Director of the company, said they have just commissioned their new […]

Minister forecasts 2013 self sufficiency in cement production

Minister forecasts 2013 self sufficiency in cement production

By Franklin Alli The Minister of Commerce and Industry, Chief Achike Udenwa has forecasted that the country will become self sufficient in cement production by the year 2013. The Minister made the disclosure when he received in audience the country Manager, Lafarge Cement Nigeria, Mr. Jean Christophe Barbant when he paid him a courtesy visit. […]

Yar’Adua has heart problem – Doctor

Yar’Adua has heart problem – Doctor

PRESIDENT Umaru Yar’Adua who is recuperating in a hospital bed in Jedah, Saudi Arebia has expressed sadness and disappointment over the widespread rumour of his death which rocked the nation since Wednesday; just as his Personal Physician, Dr. Salisu Banye, FWACP, has confirmed that the President is suffering from “Acute Pericarditis”, (an inflammatory condition of the coverings of the heart).

‘Our strikers don’t take risks anymore’

‘Our strikers don’t take risks anymore’

After 45 minutes of play Uwakwe Eke could not hold back his views.
“What is happening? Why are our players no longer daring? Why do they not show commitment? This game is dull, no exciting moments, no fire on both sides.”

NEPAD, NCGA farmers partner on more cassava

NEPAD, NCGA farmers partner on more cassava

By Chidi Nkwopara OWERRI—TO increase cassava production in Imo State, the state leadership of New Partnership for Africa’s Development (NEPAD) says it would partner with the state chapter of Nigerian Cassava Growers Association (NCGA) to achieve the target. The State NEPAD/APRM Coordinator, Mr. Kingsley Ononuju, made the promise when he paid host to the executive […]

Minister tasks security agents on violence against women, children

Minister tasks security agents on violence against women, children

By  Laide Akinboade ABUJA —  Minister of Women Affairs and Social Development, Mrs. Salamatu Suleiman, has called on the Nigeria Police Force (NPF) and other law enforcement agents, to ensure prompt report of violence against women and children. Salamatu said this at the 10th anniversary of International Day for the Elimination of Violence Against Women, […]

Imo rebrands Ahiajoku Lecture

Imo rebrands Ahiajoku Lecture

OWERRI—The 30-year old Ahiajoku Lecture Series has been transmuted into a practical instrument with which Ndigbo can dissect and better appreciate developmental issues and challenges that affect the Igbo nation. Imo State Commissioner for Information and Strategy, Dr. Amanze Obi, stated this in Owerri. He said that on January 23, 2009, Professor Chinua Achebe, set […]

20 Nigerians secure int’l certification in welding

20 Nigerians secure int’l certification in welding

By Oscarline Onwuemenyi ABUJA — Nigeria has scaled the first major hurdle towards securing international recognition as a nwelding natio capable of producing certified welders for the oil and gas industry. This followed the successful completion of a threemonth intensive training programme by 20 Nigerian welders at the South Africa Institute of Welding, under the […]

EU boosts Enugu water supply with N203m

EU boosts Enugu water supply with N203m

By Tony Edike ENUGU—THE European Commission is to provide N203 million to the Enugu State Government for the execution of rural water projects in the state. The state Commissioner for Information, Culture and Tourism, Mr. Chuks Ugwoke, who made the disclosure while briefing newsmen at the end of the State Executive Council meeting in Enugu, […]

Chime leads PDP campaign for Enugu LGs’ election

Chime leads PDP campaign for Enugu LGs’ election

By Tony Edike ENUGU—BARELY 11 days to the local government election in Enugu State, the Peoples Democratic Party (PDP) campaign train has moved to Nkanu West, Enugu South and Nkanu East Local Government Areas to solicit the votes the people of the area during the election. The State Governor and leader of the party in […]