September 2010 Blog Posts (187)

NFF puts Siasia’s job on hold

By Fidelis Ebu, Abuja

Members of the executive committee of the Nigeria Football Federation rose from its inaugural meeting last night and announced that Samson Siasia’s Chief Coach offer with the Eagles has been put on hold as the position has been thrown open to all including foreign coaches.

The Aminu Maigari-led NFF said the bid for the Eagles’ plum job is expected to be advertised for all and sundry to apply in its determined bid to ensure the principles of due process,… Continue

Added by EMEKA AGINAM on September 2, 2010 at 9:27pm — No Comments



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Added by Oaklink Nig on September 2, 2010 at 9:12pm — 2 Comments

'Tour operators need endowment fund'

The Conservator General of The Nigerian National Park Service (NNPS), Alhaji Haruna Tanko Abubakar, has urged the Nigerian Tourism Development Corporation (NTDC) to establish an endowment fund for tour operators to finance their business besides having adequate knowledge of the products and services they are rendering.

The Conservator General of NNPS, Alhaji Haruna Tanko Abubakar made this call when he paid a courtesy call to the Director General of the Nigerian Tourism Development… Continue

Added by EMEKA AGINAM on September 2, 2010 at 9:05pm — No Comments

Osun hold's without reigning monarch, as MTN commissions Arugba circle

This year’s Osun Osogbo festival which ended last week Friday was an historic and significant celebration in the annals of the annual festival that started in 1370AD that there was no reigning monarch (Ataoja) on the throne to direct to affairs.

The grand finale at the grove, which was hosted by Governor Oyinlola, was an opportunity for the people to pay homage to the stool of the late Ataoja of Osogbo, Oba Iyiola Oyewale Matanmi lll that died recently.

Many had thought the… Continue

Added by EMEKA AGINAM on September 2, 2010 at 9:04pm — No Comments

Credible election 'll foster stability — Jonathan

By Daniel Idonor

ABUJA—PRESIDENT Goodluck Jonathan yesterday affirmed his administration’s continuous support to the Independent National Electoral Commission, INEC, in its bid to conduct elections that meet global standards of acceptability next year.

He spoke at an audience with the new European Union, EU, Ambassador and head of delegation to Nigeria, Mr. David Macrae.

President Jonathan said the Federal Government was very aware of the great importance of the… Continue

Added by Just NEWS on September 2, 2010 at 9:00pm — 1 Comment

Oil majors allay fears on fuel scarcity in 4th quarter

By Udeme Clement

The Major Oil Marketers Association of Nigeria (MOMAN) has assured consumers of sufficient supply of petroleum products to all the regions of the country to prevent any form of scarcity in the last quarter of the year, noted for increase in frequency of movement of people.

The executive secretary of MOMAN, Mr. Femi Olawore, made this known in an exclusive chat with Vanguard in Lagos, explaining that supply is higher than demand right now.

He enthused, “the… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:57pm — No Comments

90% substandard goods are from China ,Ojeih

By Udeme Clement

The Chief Executive Officer, IRIS Medical Foundation, Prof. Paul Ojeih, has declared that 90 per cent of fake and substandard products including curative drugs coming into Nigeria on regularly basis are from China.

Ojeih, who claims to be running his indigenous companies with 100 per cent local content, made this disclosure in an exclusive chat with Vanguard in Lagos.

He explained that Standards Organisation of Nigeria (SON) is battling hard to curtail… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:54pm — No Comments

Groups vow to oppose Sylva's re-election

By George Onah

Port Harcourt—No fewer than five groups in Bayelsa State have indicated their intention to “vigorously campaign against the re-election of Bayelsa State Governor, Chief Timipre Sylva.”

They include Committee of Bayelsa Rebirth, Bayelsa Youths Frontiers, Bayelsa Vanguard for Change, among others.

It was learnt that the announcement by the Independent National Electoral Commission. INEC, that it would conduct the next governorship election in Bayelsa… Continue

Added by Just NEWS on September 2, 2010 at 8:49pm — No Comments

Labour seeks higher tariff for imported finished goods


STEEL and Engineering Workers Union of Nigeria, SEWUN, has called on the Federal Government to raise the tariff on imported finished goods into the country as a means of protecting the local manufacturing companies.

President-General of SEWUN, Comrade Emmanuel Adesanya who spoke at SEWUN 2010 Annual Industrial Relations Workshop with the theme “Strengthening Institutional Capacity for Employer-Labour Relations in a Developing (depressed) Economy: Steel and… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:46pm — No Comments

Ondo flags off Tree campaign Campaign, plants 500million trees this year

Dayo Johnson AKURE

ONDO State government plans to plant over 500 million trees this year just another one million trees would also be planted annually for the next three years in the State.

Governor Olusegun Mimiko made this known during the flag_off ceremony of the Tree Planting campaign in Akure.

He stated that government decided to take the initiative in order to sensitize the people on the benefits and advantages of planting trees and ornaments in our… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:43pm — No Comments

DOMSA: Delta empowers 117 persons

By Lucky Oji

Delta State government has empowered 177 persons in 17 cluster groups, under the Delta-Oceanic Micro Credit Scheme Account (DOMSA), including the leader of the Action Alliance political party.

The Executive Assistant to the Delta State Governor on Micro Credit, Dr. Antonia Ashiedu, said the action is a confirmation that the Delta Micro Credit Programme has no political undertones.

She said Governor Emmanuel Uduaghan, in setting up the Delta Micro Credit… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:42pm — No Comments

Debt recovery would aid MFBs’ recapitalisation

By Amaka Agwuegbo

The Managing Director of Aguda-Titun Microfinance Bank, Mr. Josiah Akapo, has urged microfinance banks (MFBs) operators to embark on debt recovery so as to boost their recapitalization efforts.

Speaking to Vanguard, Akapo said the increase in the debt portfolios of MFBs is as a result of the crippling economic crisis that led to the near collapse and closure of some small businesses.

“Most of the loans given to small business owners were lost due to the… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:35pm — No Comments

Forex: ABCON President assures of naira stability

By Babajide Komolafe

President, Association of Bureaux De change Operators of Nigeria (ABCON), Dr Emmanuel Balogun, has assured that the naira exchange rate will remain stable in the foreign exchange market.

Last week, foreign exchange demand at the official market rose by 52 per cent,causing the naira to depreciate by 31 kobo at the official market.

Commenting on this development, Balogun said that there is no reason to be… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:33pm — No Comments

Fidelity Bank shows commitment to nation’s industrial growth

By Peter Egwuatu

Despite concentration of most of the banks to debt recovery occasioned by the ongoing banking reforms by the Central Bank of Nigeria (CBN), Fidelity Bank Plc has taken the bull by the horns to serve as catalysts to the nation’s industrial growth.

The Bank which was part of other banks that recently returned to profitability after losses made as a result of the full loan provisioning mandated by the apex bank has continued to lend to entrepreneurs and enterprises… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:29pm — 1 Comment

British envoy urge SEC to restore investors’ confidence

By Peter Egwuatu

The British High Commissioner to Nigeria, Bob Dewar has stressed the need for the Securities and Exchange Commission (SEC) to rebuild investors confidence.

Delivering a speech titled “ Managing markets: Governance and regulation in today’s context” during a courtesy visit to the SEC’s headquarter in Abuja on Tuesday, Dewar said, “like financial centres all over the world, Nigeria’s capital markets and banking sector have come under stress and the spot light in… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:27pm — No Comments

Maritime workers tackle SPDC over unpaid wages


MARITIME Workers Union of Nige ria, MWUN, has decried alleged delay tactics by Shell Petroleum Development Company, SPDC and Afren over the payment of Stevedoring charges being owed the mid-stream Stevedoring contractors, stalling the payment of wages to Dockworkers who are employees of the contractors.

At a briefing, President-General of MWUN, Comrade Anthony Emmanuel Nted, lamented that while some other oil companies had commenced payment, SPDC and Afren… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:24pm — No Comments

Losses on loans by South African banks still not improving, regulator says

The ratio of impaired loans to total credit granted by South African banks remained unchanged at 5.9 per cent at the end of June compared with December 31, Errol Kruger, the registrar of banks, said.

Banking activity remained “subdued” by the end of June while profitability ratios at lenders stayed “compressed,” Kruger said in a copy of a presentation to lawmakers in Cape Town.

Assets held by the five largest banks declined 0.4 per cent to 2.72 trillion rand by the end of… Continue

Added by EMEKA AGINAM on September 2, 2010 at 8:19pm — No Comments

Rivers govt to spend N9bn on rural electrification

By George Onah

PORT HARCOURT — The Rivers State Government has approved the release of N9 billion for the take off of the state Rural Electrification Programme, which will give electricity to all communities in the state.

To fast tract the process, the state’s Executive Council directed the Ministry of Finance to release N2.7 billion immediately, representing 30 percent of the total value of the scheme, to the Ministry of Power for the commencement of the… Continue

Added by Just NEWS on September 2, 2010 at 8:18pm — 1 Comment

Delta commissioners resign to contest Assembly seats

By Austin Ogwuda

ASABA — TWO commissioners in Delta State, formally resigned their appointment, yesterday, to enable them to contest for seats at the state House of Assemby, come 2011.

They are Mr. Raymos Guanah, former Commissioner for Lands, Survey and Urban Development and Mr. Ejaife Odebala, former Commissioner in charge of Project Monitoring.

Odebala is contesting the Sapele constituency seat, while Guanah is running for Patani constituency.

Incidentally,… Continue

Added by Just NEWS on September 2, 2010 at 8:14pm — No Comments

US, Nigeria dialogue on Niger Delta crisis

By Austin Ogwuda

Asaba—A delegation of the Nigeria/US Bi-National Commission on Niger Delta is discussing with the state government on how to curb youth restiveness by re-directing the energy of youths into productive ventures.

Leader of the delegation and an Under Secretary in Ministry of Foreign Affairs, Ambassador O. Kuku, said the visit was necessitated by the fact that the Niger Delta region had become the window through which the world assesses Nigeria.

Kuku said that any… Continue

Added by Just NEWS on September 2, 2010 at 7:30pm — 1 Comment

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