Despite being warned against the implementation of the Hotel Licensing Amendment Law No. 23 at the face of the on-going court action instituted by the Federal goverment, Lagos State Commissioner for tourism, Senator Tokunbo Afikuyomi yesterday said it was illegal for anybody or group of persons to operate outside the said law.

Absence of good governance has been described as the bane of agricultural development in Nigeria. Professor Eric Eboh who made this assertion added that unless government takes pragmatic steps towards addressing it, food insecurity and other associated vices may continue to bedevil the country.

The global financial crisis of 2008 marked the end of the “historically perverse” financial flows from emerging markets to developed markets. As an increasingly important part of the emerging market universe Africa’s markets are set to outperform those in G4. It is a trend that will continue throughout 2011, says Standard Bank.

The bearish trend of the stock market was halted on Wednesday after a five day uninterrupted slump of share trading.
Specifically, the market capitalisation of the Nigerian Stock Exchange (NSE) appreciated by N65.58 billion.

Shareholders of Sterling Bank Plc, approved the decision of the Board that the financial institution should operate as a national bank based on the new guidelines by the Central Bank of Nigeria (CBN), which categorises banks into three segments.

THERE was pandemonium at Sapele in Delta Sate, today, following the killing of a PDP stalwart, Mr. Saturday Akpode, alias Agbamu and kidnap of two hotel proprietors, Mr. Benjamin Ogeregbaje, alias Apolo and Mr. Sam Akpeteyetan, alias Santos.

Khartoum_Hundreds of people fled a surge of violence in Sudan’s Darfur region, leaving villages abandoned following recent battles between rebels and government troops, international peacekeepers said on Thursday.

Children who have had certain vaccines may be less likely to develop childhood cancer, especially one type of leukemia, according to a U.S. study.

Damaturu,- Grains merchants in Yobe have said that the poor condition of Damaturu-Biu Road, the grains supplies route, might trigger hike in the prices of maize and rice. Malam Musa Yahaya, a grains merchant at the Damaturu Sunday market, told the newsmen (NAN) on Wednesday in Damaturuthat motorists had been avoiding the Damaturu-Biu Road because […]

The finals of the Shell Cup, the All-Nigeria Secondary Schools Soccer Competition, will now hold in March and April, the organisers said in Lagos.