ArticleBy Bolarinwa Akande Evelle, real name Evelyn Zibili, has been crowned Nigerian Idol for 2014, having defeated closest contender, Sarah Odugbemi, alias Eye-D, during a tension-filled competition at the Dreams Studios, last Saturday. Journey towards the grand finale had seen both contestants singing their hearts out penultimate weekend. But the tiara was adjudge to fit Evelle, who only last week was short of hope, as Eye-D got more votes from the public. “I went to my closet when I was praying and said to God, I don’t know how this is going to happen, I am going to give it my best shot…
Author: Pride Team
ArticleBy Alex C Manufacturers in the non-metallic sub-sector such as cement and ceramics source 91.48 percent of their raw materials locally. This is a significant improvement from 79.55 percent reported in the first half of 2013 (H1 2013) and 63.16 percent recorded in the corresponding period of 2012 (H2 2012). Similarly, there has been an outstanding improvement in the local content of inputs of players in the food, beverage and tobacco, having increased their local raw materials sourcing to 79.34 percent by the second half of 2013 (H2 2013), from 68.99 percent obtained in the first quarter H1 2013…
ArticleBy Alex C The Central Bank of Nigeria (CBN) has disbursed N232.56 billion from the Power and Airline Intervention Fund as at December 31, 2013. The apex bank said in a circular posted on its website at the weekend that both sectors expended the money on the execution of 87 projects. It said that airlines got N116.92billion for 36 projects, while the power sector collected N115.73billion for 51 projects. The Federal Government in 2013 released N300 billion as bailout fund to the two sectors. The fund is to fast-track ongoing power projects and provide loan to local airline operators. Nigeria…
ArticleBy Bolarinwa Akande Amidst criticism of her new video, Wanted, which is perceived in several quarters as indecent, First Lady of Mavin Records, Tiwa Savage, was last Saturday, in Durban, South Africa, celebrated as Africa’s Best Female artiste of the year. With a total of six statuettes won by Nigerian artistes who were nominated in different categories of the MTV African Music Awards (MAMA), there was renewed discourse about the resourcefulness of Nigerian singers, as Davido, was also crowned in two categories; Best Male, and Artiste of the Year, the biggest of the MAMAs. Other Nigerians who came tops in…
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ArticleBy Alex C Brass Fertilizer Company Limited and a Danish Consortium led by Haldor Topsøe A/S have announced the signing of an agreement to participate in the design and construction of a $3.5 billion urea, methanol and gas processing plant on Brass Island, Bayelsa State. Taylor-DeJongh Limited, United Kingdom-based energy and infrastructure investment banking firm, has been engaged as financial advisor for the project, according to a statement posted on the company’s website. The project will be the single largest private sector investment in the Niger Delta region, creating 15,000 jobs during the construction phase, with the potential to…
ArticleBy Alex C Standard Chartered Bank plc has committed $10.7 billion in economic value added, equivalent to 1.2 percent of sub-Saharan Africa’s Gross Domestic Product (GDP). This revelation, which is contained in its 2014 African Report, revealed that the bank has supported sub-Saharan trade worth $7.2 billion. With a confident African middle-class emerging and trade expanding rapidly, notably with Asia, the African continent is leapfrogging old technologies and embracing the digital revolution, leading the world in innovation such as mobile payments. According to the report, although dearth of infrastructure and barriers to intra-nation trade is hampering much bigger trade,…
ArticleBy Alex C Over the coming five years, global entertainment and media revenues will continue to grow in line with its historical trend slightly behind global Gross Domestic Product (GDP). This apparently consistent picture masks deep discontinuities, as digital drives revenue growth and spending diverges across different segments and countries, according to latest report by PwC titled “Global entertainment and media outlook 2014-2018”. Interestingly, Internet advertising is poised to overtake TV as the largest advertising segment by 2018, according to the report. As recently as 2009, Internet advertising revenue was $58.7billion and TV advertising revenue was more than twice…
Article “When her friend Nelson Mandela passed away last year, Maya Angelou wrote that “No sun outlasts its sunset, but will rise again, and bring the dawn.” Today, Michelle and I join millions around the world in remembering one of the brightest lights of our time – a brilliant writer, a fierce friend, and a truly phenomenal woman. Over the course of her remarkable life, Maya was many things – an author, poet, civil rights activist, playwright, actress, director, composer, singer and dancer. But above all, she was a storyteller – and her greatest stories were true. A childhood of…
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