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Author: Pride Team
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…
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 –…
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…
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…
The four countries comprising the East African Community intend to jointly launch a one area-network to empower them to feel the impact of the jet set world of broadband super highway by the end of this month. The launch of the one area network will abolish roaming charges among the four countries. Additionally it will reduce the cost of calls made by residents of Rwanda, Uganda, South Sudan and Kenya by 50%. The one-network aspiration is one of the decisions taken by regional leaders at the recent Sixth Northern Corridor Integration Projects summit at the Kigali Serena Hotel in the…
Traditional healers in Northern Nigeria are smarting under the opportunity cost of the Boko Haram insurgency and are not taking it lying down. They have rushed out of their corner throwing upper cuts and have given the Federal Government a 40-day ultimatum to investigate two high ranking officials otherwise they will drag former Borno governor Ali Modu Sheriff and Lt-General Azubuike Ihejirika to court. The traditional healers, known popularly as Babalawos, accuse the two men of “financing terrorism” allegedly and want state security agencies to investigate their activities in connection with Boko Harm atrocities or they would move to safeguard…
All days for the thief man, one day for the master is a popular cliché. An Inspector of the Ghana Police Service, who has probably been beefing up his recently-enhanced monthly salary by stealing electrical cables from projects sites, has been nabbed by his colleagues of the highway patrol. Inspector Emmanuel Ametepey and an accomplice currently on the run, reportedly stole nine bundles of the electric cables from a rural electrification project site at Nankese, a village in the Central Region. The duo contracted the driver of a truck with registration number GC 296-10, to cart the stolen items from…
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By Alex C Interbank lending rates climbed to 10.62 percent this week, up 0.12 basis point from a week earlier, after the central bank issued a larger amount of treasury bills than those that were maturing, dealers said on Friday. The Central Bank of Nigeria (CBN) issued N234 billion ($1.44 billion) worth of Open Market Operation bills on Friday to replace a N200 billion bill it paid off the previous day, curbing liquidity, they said. The cash balance that lenders hold at the central bank was N204.37 billion on Friday, compared with 263.49 billion last week, the regulator said on…