The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun on Friday received the announcement of the translation of the highly revered Oba of Benin, Omo N’Oba N’Edo Uku Akpolopolo, Oba Erediauwa, to his ancestors with grief. Odigie-Oyegun in a statement issued Friday night on behalf of the APC also condoled with the Benin royal family, Benin Traditional Council, Edo state government and the good people of the state over the passage of the Oba of Benin. The statement read: Oba Erediauwa’s reign brought distinction, class, wisdom and integrity to the several centuries of unalloyed tradition and custom…
Author: Pride Team
South Africa’s banks will find it tougher to turn a profit as the economy remains feeble for the next few years and credit risks rise, credit ratings agency Standard & Poor’s said on Thursday. Consumers, squeezed by rising interest rates, unemployment of around 25 percent and high debt levels, are a growing headache for lenders in Africa’s most advanced economy which is forecast by the government to grow by only 0.9 percent this year after expanding by 1.3 percent in 2015. “We continue to believe that domestic households pose the most significant source of risk for the banks because of…
Stakeholders in the logistics sector have agreed to work together to craft a national logistics strategic plan in order to pilot Nigeria into a truly diversified and competitive economy. The agreement was reached at the maiden edition of the National Logistics Strategy Summit . The summit with the theme ‘Building National Logistics Strategy for Better Economic Diversification’ was organised by the African Centre for Supply Chain (ACSC) to encourage the emergence of a public private partnership geared towards a strong national logistics strategy. It was also a platform used to unveil the first Nigerian Logistic and Supply Chain Industry Report.…
The Finance Minister, Mrs. Kemi Adeosun has said that the federal government would not make deductions from states’ Federation Account allocations for the month of March on their restructured loans so as to allow them pay their workers’ salaries. Briefing journalists yesterday at the end of a meeting of the National Economic Council (NEC) which held at the State House in Abuja, Adeosun said that the decision to stop the deductions was informed by the fact that states do not have enough resources to meet their obligations. She, however, ruled out a second bail out for the states, stressing that…
Minister of Finance, Mrs. Kemi Adeosun, has said that the Federal Government will address the low performance of the insurance sector. She said this during the West African Insurance Companies’ Association educational conference in Lagos . Adeosun said, “The commonly used index of measuring the development of insurance in an economy is market penetration, which is the ratio of total insurance premiums to the Gross Domestic Product. Sadly, this is less than one per cent in Nigeria. “As a government, we are committed to identifying the challenges and taking steps to address the current poor performance of insurance in the…
Activities at the Lagos ports have gradually come to a grinding halt as the foreign exchange restrictions announced last year by the Federal Government takes a heavy toll on the nation’s economy. This situation has left many who depend on Africa’s hitherto busiest ports for living to idle away. The Nigerian Ports Authority recently released a report of its performance, with the Managing Director, Habib Abdullahi, saying the number of ocean-going vessels that called at the ports had declined by 8.1 per cent. He said a total of 5,090 vessels “called at the ports in 2015, which is a decrease…
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LAUGH QUOTE Having children makes you no more a parent than having a piano makes you a musician. WISE GUYS ANSWER TO STUPID QUESTION QUESTION: What’s wrong with Lawyer jokes? WISE GUY: Lawyers don’t think they’re funny, and nobody else thinks they’re jokes. CUTTING COMMENT “The old system of having a baby was much better than the new system, the old system being characterized by the fact that the man didn’t have to watch.” – Dave Barry MARRIED LIFE NON FOR THE ROAD An old man is lying on his deathbed with his children, grandchildren, and older great-grandchildren all around,…
“Courting is one of those old fashioned words that no longer fits comfortably into today’s vocabulary. It invokes images of couples holding hands in an age of sex-free innocence. But, then, as in now, it is still about the search for ‘That Special Someone’. And, today, there may be no need for such physical contact as ‘hand holding’, as falling in love with your significant other can be done over the Internet.” This was the beginning of an article on “Love In An Internet Age: Real or Virtual”. – https://pridemagazineng.com/love-in-an-internet-age/ The issue one wants to examine in this article is:…