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Q: How can I stop my skin from being excessively oily without drying it out? Refilwe, South Africa Dear Refilwe, Oily skin is one of the great misconceptions and confusions in skin care and beauty. Popular belief is that your skin is excessively oily because you use too much oily products, or eat too much oily food. This couldn’t be far from the truth. Most black women have oily skin. This generalisation is true because most African women are dehydrated, with a low intake of water to flush out toxins and dehydrate the skin. Secondly, most African women are using European…
By Alex C The Central Bank of Nigeria (CBN) said that it plans to sell 129.17 billion naira ($730 mln) in treasury bills with maturities ranging from three months to one year at an auction on December 3, 2014. The Apex bank revealed that it will sell 27.85 billion Naira in the 3-month treasury bills; 30 billion Naira in the 6-month paper and 71.32 billion in the 1-year debt note, using the Dutch auction system. The regulator hiked benchmark interest rates to 13 percent from 12 percent on Tuesday, a move that triggered an increase in yields across the secondary…
By Alex C NASD OTC has announced that Symbol Codes have been created for Dufil Prima Foods plc and Acorn Petroleum plc, which were recently admitted to the trading platform. Shares in Acorn will trade under the Symbol code SDACORN and have been entered to the board at ₦2:80 per share, which was the issue price for the shares in 2011. The shares of Dufil will trade under the Symbol code SDDUFIL and have been entered to the board at the last documented price of ₦9:00 per share, which was the last issue price for the shares. Dufil’s financial statements…
By Alex C The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, has said the bourse plans to start allowing trading by 2016 of derivatives such as futures and options in interest rates, currencies and equity indexes. The exchange, one of the main entry points for foreign funds looking to tap Africa’s fast-growing economies, now only offers shares, bonds and exchange-traded funds. Onyema said the exchange’s surveys showed there was “encouraging” demand for derivatives, which help investors to manage the amount of risk they take on. “Our target is to really get them by 2016 at the…
Acting President Guy Scott has with immediate effect fired Patriotic Front of Zambia’s Director of Media and Public Relations Brian Hapunda. In a statement Dr. Scott says Brian Hapunda has been fired for gross misbehaviour. Hapunda who took over from Chanda Mfula who resigned soon after Wynter Kabimba was fired is also facing criminal charges in the Livingstone Magistrate Court for obtaining money by false pretences. Late President Michael Sata fired Hapunda as Southern Province provincial political secretary for using his name to solicit money from the business community. However, when Edgar Lungu took over as PF Secretary General, Brian…
The Director-General of the Tanzania Food and Drugs Authority, Mr. Hiiti Sillo has called for cross-border co-operation to effectively check the incidence of the importation of substandard goods, including certain foods and medicines. Addressing a two-day seminar organized by the TFDA at Glonency Hotel in Morogoro, Mr. Sillo said: “Our bitter experience is that the control of fake and substandard drugs is a complicated issue, due to the fact that a good number of these do not enter through official border posts, thus in fact control needs co-operation between neighbouring states.” He disclosed that in many cases the control of…
A 59-year-old widow and pensioner who reposed confidence in her pastor and used her salary account with Barclay Bank to take a loan for his church has rue the day she misplaced her trust. Though Reverend Emmanuel Kwabla Adjetey repaid the GHc5,000 principal, the 44 percent 3-year compound interest of GHc2,568 which he refused to pay has now ballooned to GHc6,302.90, thus exposing Widow Victoria Yawo Gawuga to pressure from her bankers. Rev Adjetey, pastor and founder of the Temple Pillars International Ministry at Teshie-Nungua, Accra, who used the loan “to put his church in shape” as now gone into…
There are talks that the second marriage of failed Ekiti State gubernatorial aspirant Dr. Peter Obafemi to Lolade Iruka has hit the rocks. According to those who should know, the nuptial knot which was tied in 2013 with the promise of a better future for the new bride Lolade crashed like a pack of ill arranged cards less than two years after it was celebrated. Currently, Lolade and her one year-old son, David Olamiposi Obafemi, are said to be hibernating in her father’s house in GRA, Ikeja, Lagos State, as she has refused to return to her husband’s house despite…
