Lupita, one of the world’s favourite African Hollywood actors, who was ushered to the limelight of her acting career for her role in 12 years a slave has been on every fashion aficionado’s radar. At first it was all peaches and roses with a breath of fresh air – we can still picture her perfect poise at the 2014 Golden Globe Awards, in that red Ralph Lauren cape dress, and the pretty bubbly light blue 2014 Oscars dress draped perfectly on her athletic body. But then things went from bad to ugly in an instant. We aren’t sure what’s been…
Author: Pride Team
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My Son, As you are about to start off in your career having just graduated from university, I wish to advice that you do not go about preoccupying yourself with vanities, which the material things of this world really are. My son, I want you to take time to reflect on a quote from “Eight Steps to Happiness” by Geshe Kelsang Gyatso: “We know from our own experience that we can never derive pure peace and happiness from material things. In fact, it often seems that the more emphasis we place on material development, the more problems we encounter. Pure…
Nigeria is to spend 24 per cent of its revenue in 2016 for debt servicing, which is lower than the amount recent speculated. The Representative of Islamic Development Bank (IDB), in Nigeria, Abdallah Kiliaki said recently that the country pays about 75 of its debt for debt servicing. Kiliaki was quoted to have stated during a visit to the Chairman, Senate Committee on Local and Foreign Debts, Shehu Sani. “When talking about unsustainable debt, it means that a country or a borrower is unable to pay. So, we take that very seriously. When you look at the debt GDP ratio of…
The Enugu Chamber of Commerce, Industry, Mines and Power (ECCIMA), has commended Dangote Group for African industrialisation. Dangote Group’s giant strides in establishing cement plants across Africa has attracted commendation of the ECCIMA), which described the conglomerate as an emerging global player from Africa. The president of ECCIMA, Ugochukwu Chime speaking at the weekend, during Dangote Group’s special day at the 27th Enugu International Trade Fair also lauded the group for operating in almost every sector of the economy while adding a lot of value to the growth of the Nigerian economy. He said more of Dangotes was all Nigeria…
The federal government has concluded plans to raise N110 billion ($553 million) in local currency denominated bonds on April 13. The Debt Management Office (DMO) which made the disclosure said it will sell N50 billion of a bond maturing in 2036, 40 billion of paper maturing in 2026 and 20 billion of debt maturing in 2020, using the Dutch auction system. Results of the auction are expected to be released on the following day. All the bonds on offer are reopening of previous issues. The debt office said it plans to raise between N274 billion and N365 billion this quarter…
African Bank, the rescued South African lender with new debt instruments that opened for trading Monday, is struggling to attract investors with yields that aren’t high enough to compensate for the risk of an economy hovering near a recession, money managers said. “We would definitely not be looking to buy any African Bank debt,” said Farzana Bayat, a senior portfolio manager at Cape Town-based Prescient Investment Management, which oversees R66 billion ($4.5 billion). “There is still so much uncertainty around African Bank that it’s really hard to analyse and ascertain the way forward.” Since the collapse of South Africa’s largest…
Lagos State Governor, Mr. Akinwunmi Ambode, has appealed to Lagosians to bear with the government over the lingering shortage of fuel and power across the state. In a statement issued on Wednesday by the State’s Commissioner for Information and Strategy, Mr. Steve Ayorinde, the Governor said Lagos State consumes more than 40 per cent of the fuel and energy needs of the country and therefore appreciates that the impact of the scarcity would be felt more in the state. He urged residents to remain calm, orderly and law-abiding as government is doing everything possible within its power to find an…
EMBATTLED Senate President, Dr. Bukola Saraki, Wednesday appeared at the Code of Conduct Tribunal for continuation of his trial. Dr. Saraki is facing a 13-count charge at the Code of Conduct Bureau for alleged false declaration of assets while he was governor of Kwara State. The trial commenced April 5 after several attempts by Mr. Saraki and his lawyers to prevent its commencement. A prosecution witness, Michael Wetkast, had appeared before the CCT, April 5 to testify against Mr. Saraki’s not guilty plea by providing evidences of alleged transaction by the Senate president with banks in Nigeria. The witness said…
The North-East Development Commission Advocacy team led by a member representing Monguno, Marte and Nganzai Federal constituency has called on the Borno state Governor Hon. Kashim Shettima to appeal to his colleagues and other stakeholders to support the creation of the North-east Development commission (NEDC). Hon. Monguno who made the call when they paid a courtesy call on Governor Kashim Shettima at the Government House Maiduguri yesterday, said the commission if established will cater for the developmental need of the region, as the region according UNDP report indicates that the region is the poorest in the country, hence the emergence…