Sovereign Wealth Wahala

It may not be enough to explain that Sovereign Wealth Fund is similar to personal or family savings because the majority of our poverty stricken citizens, who live on the proverbial $2 a day have never been blessed with surplus income to permit the luxury of savings for the basic need of food for more than a day or two at any one time!
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Okada riders lament ban on operation in Ikeja

Some motorcycle riders, popularly called “Okada”, said the ban on their operations in some parts of Ikeja by the Lagos State Government has imposed economic hardship on them

Comoros journalist detained on libel charges

Authorities in Comoros have briefly detained a journalist on libel charges after his newspaper published a picture of a presidential advisor without permission, a colleague said.

Total shuts down gas plant in Rivers state

French energy group Total has shut down a gas plant in southern Nigeria because of a techical fault during a drilling operation at an oil facility, the company said on its website.

Italy in mourning over Morosini death

Italy was in shock on Sunday morning as the sober realisation sank in of the tragedy that befell Livorno midfielder Piermario Morosini the day before.

Japan to lend $60b to IMF

Japan is considering lending about $60 billion to the International Monetary Fund to help strengthen a global firewall against contagion from the European sovereign debt crisis, Kyodo news agency said Sunday.

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