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The wrong way to defend the naira

The wrong way to defend the naira

The Central Bank of Nigeria has been unusually silent on the widening gap between the official exchange and the Bureau de Change (BDC) rates of the naira to the dollar.

FG appoints MDs for nationalised banks

FG appoints MDs for nationalised banks

Assets Management Corporation of Nigeria (AMCON) has appointed new managements and boards for Mainstreet Bank Ltd, Keystone Bank Ltd and Enterprise Bank Ltd, the three bridge banks set up by the Nigeria Deposit Insurance Corporation (NDIC) to take over the assets and liabilities of Afribank Plc, Bank PHB Plc and Spring Bank Plc.

Sao Tome picks new president

Sao Tome picks new president

Sao Tome and Principe voted peacefully Sunday in the second round of a presidential election expected to bring former strongman Manuel Pinto da Costa back to power.

Dousing the Boko Haram menace

Dousing the Boko Haram menace

President Goodluck Jonathan was sworn in as the Head of State and Commander-in-Chief of the Federal Republic of Nigeria on May 29, this year. By now, one expects that he should have settled down to the serious business of governance. But, rather, the man is still grappling with only just one problem- the challenges of security. Especially that arising from the Boko Haram crisis.

Tribal politics over in A/Ibom, says Dep Gov

Tribal politics over in A/Ibom, says Dep Gov

Akwa Ibom State Deputy Governor, Mr. Nsima Ekere, said, weekend, that the days of ethnicity as a determining factor in the politics of the state were over for good as the people had risen above such primordial sentiments.

Man sets self on fire in mosque

Man sets self on fire in mosque

A Muslim man died on Sunday after setting himself on fire inside a mosque in the French city of Toulouse, local officials said, saying the man was psychologically disturbed.

Associates mark  Ibori’s 53rd birthday

Associates mark Ibori’s 53rd birthday

Friends and associates, weekend, marked the 53rd birthday of the former Governor of Delta State, Chief James Ibori, at his Oghara country home, Ethiope West Local Government Area of the state.

Itsekiri contractors accuse Chevron of marginalisation

Itsekiri contractors accuse Chevron of marginalisation

CHEVRON- Registered Itsekiri Procurement Contractors, an association of indigenous contractors registered with the procurement department of Chevron Nigeria Limited, has accused high-ranking employees and officers of the oil company of excluding host community contractors from contract opportunities in Chevron.

Nigeria finishes well, wins Saudis 2-0

Nigeria finishes well, wins Saudis 2-0

Nigeria needed only draw to take first place in the Group D, but not diverging from their typical attacking displays beat Saudi Arabia 2-0 to stamp authority on their fine group campaign and set up a Round of 16 encounter with England. The Saudis, on the other hand, will meet Brazil.

Man U tame Man City 3-2

Man U tame Man City 3-2

Manchester United underlined their determination to hold off the challenge from title rivals Manchester City as Nani’s last-gasp winner clinched a 3-2 victory in the Community Shield on Sunday.

World leaders in moves to avert fresh market turmoil

World leaders in moves to avert fresh market turmoil

World leaders and finance chiefs raced Sunday to head off spiralling tension triggered by eurozone debt contagion and a US rating downgrade as the clock ticked on the opening of the markets Monday.