Author: Pride Team

Inevitably the point where something becomes “one too many” is always reached. And when it does occur no way needs to be told the glass ceiling has been breached. Thus when a 19th political party was announced in Tanzania last month, almost everyone knew the public has had enough of mushrooming political parties, except the sponsors of the newly-born Alliance for Democratic Change. The ADC is more of the break away from the Civic United Front, at onetime the second in popularity after the ruling Chama Cha Mapinduzi, the current face of Dr Julius Nyerere’s independence winning party. This birth…

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By Alex C Nigeria, Africa’s biggest economy with rebased Gross Domestic Product (GDP) of $510 billion has been listed at the top African nation providing the best investment opportunities for retailers, a ranking index report by African-focused Rand Merchant Bank (RMB) revealed. Nigeria dwarfs leading economies such as Egypt, Ethiopia, Democratic Republic of Congo and Libya who came second, third, fourth and fifth respectively on the RMB retail index. Africa’s second largest economy, South Africa, was ranked 15th, though RMB says the country remained the most attractive destination for overall investment. RMB, the investment banking unit of FirstRand, said the…

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The name Minenle Makhanya is trending viral. This follows revelation by South Africa’s Special Investigating Unit that he made R16.5 million as the architect who handled the R246 million security upgrade of President Jacob Zuma’s private home in Nkandla in KwaZulu Natal. However, he is not enjoying his fee in peace; at least not for now. The SIU has slapped Makhanya and the Department of Public Works with a R155 million civil claim before the Pietermaritzburg High Court, being the amount allegedly overspent in renovating President Zuma’s personal home.   But the President is not sitting idly by for his hard…

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By Alex C Diamond Bank has unveiled a four-storey complex, structured to deliver round the clock full banking services to customers which is the first of its kind in Africa’s largest economy. The facility is fitted with an e-centre for electronic financial transactions, internet access and other banking enhancing tools. The bank’s different categories of financial services; private banking, corporate banking, and retail banking are all available in the newly-launched branch. Dr. Alex Otti, Group MD/CEO said, the bank has projected further into the future of banking in Nigeria by developing the edifice that can conveniently serve all the categories…

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After toil comes rest, the Bible says. Consequently the Abia State Government is pleading with those faceless people denying General Azubuike Ihejirika his deserved rest after a meritorious service to his fatherland to desist and let him be. Reacting to allegation by the Council of Babalawos of Northern Nigeria that Gen Ihejirika, former Chief of Army Staff, is a “Boko Haram sponsor”, Mr. Charles Ajunwa, Chief Press Secretary to the Abia Governor, said “such grave accusation” should be backed with evidence which “up till now is lacking”.  Condemning the allegation as “unfounded” Ajunwa called on those behind the allegation to…

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Dear Dorothy, I’m a 32-year-old mother, and I have been divorced for three years. My marriage was psychologically abusive, and this has made me very cautious and reluctant to embark on any new relationship. I realise that healing from all the hurt from my marriage is not going to happen overnight, but I do worry that three years on, I am still not over the hurt. Sometimes I think I should just devote my life to taking care of my two children. However, I know kids grow up so fast and leave home to lead their own lives, and I…

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By Alex C Nigeria is set to boost economic ties with Asia, the world’s most populated and fastest growing region, as it has agreed to double its bilateral trade volumes with the region’s countries from $40 billion to over $80 billion within the next to two years. This decision was made at a stakeholder meeting between the Nigerian Ministry of Industry Trade and Investment and Nigeria’s ambassadors across fourteen Asian countries in New Delhi, India. Two growing partners, Singapore and Australia have trade relations worth N293.4 billion ($1.8 billion) and N534.3 billion ($3.3 billion) respectively, while India and China –…

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By Alex C Following the withdrawal of N100 charge on ATM in 2012, the cash withdrawal on other banks Automated Teller Machines (ATM) by customers rose by 172.9 percent to N262 billion in 2013, from N96 billion in 2012, according to Committee of E-banking Industry Heads (CeBIH). In 2012, the number of transaction done on other banks’ ATM did not go beyond 8.5 million counts of transactions. During the peak period, it was13.4 million in September 2012, but in December when the N100 charge was removed, transaction grew astronomically, and between January 2013 and December 2013, transaction count had grown…

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By Alex C The value of capital imported to Nigeria in the Second Quarter of 2014 jumped by 48.64 per cent $5.804 billion from the $3.905 billion recorded in the opening quarter of this year,  a report released by the National Bureau of Statistics (NBS) has said. According to the Statistician-General of the Federation, Dr Yemi Kale, relative to the 5.6 billion dollars recorded in the corresponding quarter of 2013, capital importation demonstrated positive year on year growth of 1.8 billion dollars, representing 3.32 per cent. “Capital importation prior to 2013 was rising steadily, recovering from the lows recorded post…

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