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Wednesday, 23 February 2011 03:29

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Written by Thisday
The Bank of Ghana yesterday in Accra, handed over Class “A” Banking License to the Energy Bank Ghana Limited established by a Nigerian business mogul, Jimoh Ibrahim, at a ceremony witnessed by the President of the Republic of Ghana, Professor John Atta Mills. This is coming as Ibrahim pledged to invest $50million towards building a first class hospital in Ghana. Handing over the banking license to Ibrahim, the Governor of Bank of Ghana, Mr. Kwesi  Bekoe Amissah –Arthur said the Energy Bank Limited had met the minimum share capital requirement of 60million cedis for first class banks in Ghana and passed other checks by security agencies.
 
Wednesday, 23 February 2011 03:28

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Written by The Nation
Eighteen persons were killed yesterday in another pre-dawn attack in Bere village which borders Barkin Ladi and Mangu local government of Plateau State respectively. The community was, according to the chairman of the local government, Dr. Pam Dakwak, attacked by suspected  Fulani pastoralists at about 1am.
 
Wednesday, 23 February 2011 03:26

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Written by 234Next
The controversy over the removal of former governors of Osun and Ekiti States by federal appeals courts deepens as the sacked governors, Olagunsoye Oyinlola and Segun Oni, have sent separate petitions to the National Judicial Council and the Presidency, alleging collusion between leaders of the Action Congress of Nigeria and the president of the Court of Appeal, Ayo Salami. Mr. Salami has been embroiled in a running battle with Aloysius Katsina-Alu, the Chief Justice of the Federation, over his elevation to the Supreme Court, which he successfully resisted. The two men have also faced charges of collusion with politicians to predetermine the results of election petitions.
 
Wednesday, 23 February 2011 03:25

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Written by 234Next
The fight for votes in April's presidential election is likely to be fierce in highly populated northwest and southwest states, according to data from the recently completed national voters registration exercise.         Officials of the Independent National Electoral Commission (INEC) registered a total of 67,764,327 million Nigerians during exercise, according to the final list to be released by INEC on March 2.
 
Friday, 18 February 2011 05:49

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Written by 234Next
The absence of the presidential candidate of the All Nigeria Peoples Party (ANPP), Ibrahim Shekarau, at the meeting of the party’s national leadership on Wednesday, stalled discussions on the campaign strategies of the candidate. The National Working Committee of the party had convened a meeting in Abuja on Wednesday to discuss the campaign strategies, following a memo to the committee on the issue. Although an itinerary drafted by the party was tabled for deliberation, a source at the meeting revealed that it could not be adopted due to the absence of Mr. Shekarau, hence discussion on the matter was inconclusive.
 
Friday, 18 February 2011 05:48

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Written by The Nation
Congress for Progressive Change (CPC) presidential candidate Maj. Gen. Muhammadu Buhari may have found what he considers the formula for winning the April 9 poll. He is banking on the Northwest and Southwest votes estimated to be 33million to win the presidential election, it was learnt yesterday. Of the provisional registration figure of almost 68million, 33million are said to be from the Northwest and Southwest.
 
Friday, 18 February 2011 05:46

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Written by The Nation
It was time for stock-taking yesterday by Lagos State Governor Babatunde Fashola. He also gave an insight into the focus of his administration, if elected for a second term. But the Peoples Democratic Party (PDP) candidate Dr. Ade Dosunmu said the state would fare better if it is aligned with the ruling party at the federal level.
 
Friday, 18 February 2011 05:45

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Written by The Punch
Inspector-General of Police, Hafiz Ringim, has turned down a request by a delegation from banks for riot policemen to provide security for financial institutions in the country. The team had visited the police boss to ask for the return of mobile policemen that were withdrawn from banks following the shooting of a Bank PHB staff, Mrs. Nonye Okere, by a riot policeman attached to a branch of Zenith Bank in Mpape, Abuja on January 31, 2011.
 
Friday, 18 February 2011 05:42

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Written by The Punch
Minister of Works, Sanusi Dagash, on Thursday acknowledged that the Federal Government was owing contractors handling various road projects across the country the sum of N60bn. The minister, who appeared before the Senate Committee on Works to defend his ministry’s 2011 budget, said the debt was slowing down the pace of work on the projects. Dagash said in spite of the huge debt overhang, only N70bn out of the total budget of N132.79bn for the ministry in 2011 was allocated to roads.
 
Friday, 18 February 2011 05:39

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Written by 234Next
Chevron Corporation has set aside N7.5 billion ($50 million) to promote economic development and improve the capacity of government and civil society institutions in the Niger Delta region.       This culminated in the signing today of a memorandum of understanding (MoU) between the United States Agency for International Development (USAID) and the Niger Delta Partnership Initiative (NDPI) Foundation, established by Chevron to help address socio economic challenges in the Niger Delta region of Nigeria.
 
Friday, 18 February 2011 05:38

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Written by 234Next

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Friday, 18 February 2011 05:35

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Written by 234Next
As a way of expanding access to banking services, industry operators and the regulatory body are clamouring for branchless banking. This is the delivery of financial services outside conventional bank branches using information and communication technologies and non bank retail agents. The regulator, the Central Bank, also joined the fray, iterating the need for a cashless economy and the need to include the hitherto unbanked population of the economy into the financial system.
 
Thursday, 17 February 2011 04:50

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Written by Daily Trust
President Goodluck Jonathan and the Peoples Democratic Party (PDP) have squandered $60 billion of the nation’s external reserves with nothing to show for it, presidential candidate of the Action Congress of Nigeria (ACN) Malam Nuhu Ribadu charged in Abuja yesterday. The former chairman of the Economic and Financial Crimes Commission (EFCC) spoke at the flagging-off of the party’s electioneering campaign for the April general election with a Colloquium where the party’s manifesto and agenda for Nigeria was also unveiled. He said, “At a time Nigeria had over $60 billion external reserve. I was part of the administration then; but now they have wiped it out! They have shared it and I am greatly saddened over what is happening. The current asymmetric ratio of 75 percent recurrent budget allocations over 25 percent capital allocations will become a thing of the past. This odd priority in budget making does not support true…
 
Thursday, 17 February 2011 04:50

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Written by Business Day
Visiting UK minister for Africa, Henry Bellingham, told a gathering of leading Nigerian businessmen in Lagos yesterday that a key goal of his government is to double trade with Nigeria by 2014, reflecting concerns on the rapidly declining volume in bi-lateral trade between the two countries which stood at a mere 2.7 billion pounds in 2009. He said recent boom in the UK economy meant that firms there focused on satisfying local demand and this had resulted in complacency on the part of British companies, leading to a drop in the volume of trade with a number of her trade partners.
 
Thursday, 17 February 2011 04:47

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Written by Daily Sun
The adage, “every day for the thief and one day for the owner,” played itself out recently at Emohua Local Government Area of Rivers State, when Joint Military Task Force (JTF) operatives, arrested one Charles Amadi, who had been allegedly impersonating a soldier. According to investigation, JTF, worried by the fact that some people who claimed to be soldiers, were extorting money from members of the public, had stepped up surveillance to stamp out the menace. It paid off, as Amadi was apprehended by soldiers from Sector 3, as he was allegedly engaging in the illegal escort of goods and people and extortion.
 
Thursday, 17 February 2011 04:44

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Written by Thisday
The Nigerian National Petroleum Corporation (NNPC) will require N600 billion to build new gas infrastructure to meet the country’s power generation needs. NNPC’s Managing Director, Mr. Austin Oniwon, disclosed this Wednesday while defending the corporation’s 2011 budget proposals before the Senate Committee on Gas headed by Senator Osita Izunaso. Oniwon said the NNPC had submitted a proposal of $1.2 billion to the Budget Office of the Federation to fund government’s gas-to-power plan, but it was not included in the 2011 budget. 
 
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