Former president, Chief Olusegun Obasanjo, yesterday commended Governor Ifeanyi Ugwuanyi of Enugu state for what he called good work he is doing to better the lot of the people of the state. Obasanjo who was on transit and paid a courtesy call on Governor Ugwuanyi also raised the serious issue of governance as it affects the growth of the nation, calling on the governors of the 36 states in the country to raise the bar of their respective performance in order to give the nation a new lease of life. Praising the Enugu governor for exemplary performance, the former president…
Author: Pride Team
Labour leaders in Oyo State have been advised to embrace dialogue and consultation instead of issuing threats and ultimatum of strike, as stakeholders brainstorm on how to bail the state out of its financial predicament. The leader of the government representatives in the ongoing dialogue with labour, Mr. Ismael Olalekan Alli, who is a former Secretary to the State Government, gave the advice in a statement, on Saturday. The State Chairman of the Nigeria Labour Congress, Mr. Waheed Olojede, led the labour to the truce meeting. He, however, said that the labour leaders used the opportunity of a meeting with…
Lagos State Governor, Mr. Akinwunmi Ambode on Friday re-launched the Lagos Weekend Television (LWT) to provide 50 hours non-stop telecast, just as he charged the management of Lagos Television (LTV) to tap into technological advancement in the media industry to better serve the public and attain global standard. The Governor, while unveiling the new LWT logo at the Combo Hall, LTV grounds, Agidingbi, also charged the operators to ride on the crest of technological development to enhance socio-economic development and empowerment of the people. Ambode unveiling of the rebirth of LWT revived the golden era of television broadcasting of the…
Bayelsa State chapter of the All Progressives Congress, APC has suspended of some of its chieftain, including the immediate Bayelsa APC governorship flag bearer and ex-governor Timipreye Sylva, Sunny Goli and three others from the party. In a statement co-signed by Timipia Tiwei Orunimighe and Daniel Marlin, Bayelsa APC chairman and secretary respectively, the suspension was slammed on them as a result of anti-party activities, corruption allegations, an attempt to form a parallel executive as well as commercialization of public offices. The state leadership alleged that the suspended members were involved in nocturnal meetings with members of the opposition party…
The issue of who needs marriage may not cross many people’s mind. It may be taken for granted that both men and women need it in equal proportion. But a close examination of the subject will show that though both men and women need marriage, the zeal to get married is what makes the difference. It may seem that between men and women, it is the female folk who actually yearn for marriage with all their soul. But, is this really the case? In African societies it is seen as a norm for a woman from age thirteen to about…
The Minister of Power Works and Housing, Mr. Babatunde Fashola, has disclosed that he has secured the release of about 300,000 electricity meters belonging to defunct Power Holding Company of Nigeria (PHCN). The meters were locked up in a warehouse as a result of lingering legal case against the contract for their procurement. He hopes the huge volume of meters would be put to good use by the electricity distribution companies (Discos) in the country. The minister explained that the contract for procurement of the meters was awarded by PHCN in 2003 but that legal actions instituted by parties in…
MTN should pay double the $5.2 billion it was originally fined by Nigeria’s telecommunications regulator last year, according to the spokesman for the House of Representatives. Africa’s biggest wireless operator must pay 400 000 naira ($2 015) for each of the 5.2 million unregistered phone lines it failed to deactivate before a deadline, instead of 200 000 naira, lawmaker Abdulrazak Namdas said in a phone interview from Abuja, Nigeria’s capital. He also said the lower chamber will “investigate” why Johannesburg-based MTN has been dealing with Nigeria’s attorney general instead of the Nigerian Communications Commission in trying to get the fine…
ZAR X has been granted a stock exchange licence by the Financial Service Board (FSB) of South Africa, the first company to do so in more than 100 years. The licence enables the company to operate a fully-fledged, independent stock exchange and provides what it calls an exciting “alternative to companies that want to list their securities on a licensed exchange”. South Africa’s first, and until now, only bourse, the JSE, was formed in 1887 during the first South African gold rush. After the first legislation covering financial markets in 1947, the JSE joined the World Federation of Exchanges in…
The specter of high debt is raising its head again in Africa, analysts say, as sub-Saharan nations that borrowed cheaply on global markets are now squeezed by a commodities crash. The return of debt troubles in Africa has caught some by surprise, 20 years after a global campaign was mounted to offer debt relief to the world’s most impoverished nations. “It is clearly a source of concern. People did not see it coming,” said Julien Marcilly, chief economist at French group Coface, which offers worldwide insurance to protect firms from the risk of clients defaulting. An IMF-World Bank programme launched…
Henceforth, any motor or vehicle tyres dealer who goes to China or elsewhere to order for the importation of fake tyres into Nigeria would be apprehended to face murder charges. Again, the Standards Organisation of Nigeria [SON] has been on the trail of the dealer on the tyre that recently killed the Minister of State, Labour and Productivity, James Ocholi [SAN], his wife and son as well as an army general. These were some of the disclosures of SON’s Acting Director General, Dr. Paul Angya at an expanded stakeholders’ sensitization forum on tyres in Lagos recently. At the end of…