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Daily Archives: September 3, 2018

Europe, US in panic investment plans in Nigeria, Africa following Chinese dominance

Following China’s almost complete takeover of investment opportunities in Africa, major European nations; France, the United Kingdom (UK) and Germany, and the United States of America are now in last-minute rush to forge new alliances with Nigeria and other African countries. At the last count, three European super powers have visited Aso Rock in search of new economic alliances in ... Read More »

Tanker explosion: Insurers will compensate only 7 vehicles’ owners – NIA

Only seven out of the 54 vehicles that were burnt in the tanker explosion that recently occurred on the Otedola Bridge end of the Lagos-Ibadan Expressway have been confirmed to have comprehensive insurance. Figures obtained from the Nigerian Insurers Association revealed that 22 other vehicles had third party insurance. The NIA noted that the ownership and full details of 15 ... Read More »

FG to spend $1.3bn on Lagos-Ibadan Expressway, others

The Federal Government said it has set aside $1.3bn (about N468bn) from the National Sovereign Investment Fund to finance five critical infrastructure projects. The Minister of Information and Culture, Alhaji Lai Mohammed, disclosed this on Sunday when he appeared as guest on a Nigerian Television Authority programme, “Stepping Up”. The minister said the five ongoing projects to benefit from the ... Read More »

CAC plans registration of business names within 6 hours

The Corporate Affairs Commission, CAC, says it is planning the deployment of effective Information Technology application to ensure the registration of business names within a period of four to six hours. The Acting Registrar-General of the commission, Azuka Azinge, dropped the hint in Abuja at the annual conference of the Nigerian Bar Association. The move is part of efforts aimed ... Read More »

Between Atiku’s and Buhari’s political tears

By Fatoumata Oumar “Is it true that in Nigeria, if you want to be the president and you have suffered defeat more than three times and you are nearing your retirement age, you must weep in the public while taking a nomination form”? “You ask too much questions. What is the weeping for? And by the way who and who ... Read More »

2019: Afenifere backs Atiku, says restructuring is key

The Yoruba socio-political group, Afenifere, on Sunday declared its support for the presidential ambition of former Vice President Atiku Abubakar ahead of 2019. The support, it said, was based on Atiku’s promise to restructure Nigeria. The group said the need to restructure Nigeria was very important as it would bring about the required solutions to the different problems of the ... Read More »

Boko Haram: Nigeria, Germany, Norway, UN hold Berlin Conference

Nigeria, Germany, Norway and the United Nations will begin a two-day meeting on today (Monday) in Berlin on the terrorist group Boko Haram. The meeting, which is one of the largest pledging conferences for the Lake Chad region, will dwell on provision of humanitarian assistance, civilian protection, crisis prevention and stabilisation for the region. The conference will also discuss the ... Read More »

Serena Williams beats Kanepi to make US Open Q/finals

Serena Williams is through to the quarter-finals of the US Open after beating Estonian Kaia Kanepi in three sets. The six-time champion, playing not as sharp as when she played her sister Venus on Friday, raced through the first set with a bagel, but her performance dipped in the second set as she lost 4-6. Kanepi was leading  the second set 5-2 at ... Read More »

Reuters journalists jailed in Myanmar over secrets act

A court in Myanmar has sentenced two Reuters journalists to seven years in prison for violating a state secrets act while investigating violence against Rohingyas. Wa Lone and Kyaw Soe Oo were arrested last year while carrying official documents which had just been given to them by police. The case has been widely seen as a test of press freedom ... Read More »

TOP 50 BRANDS: Dangote emerges most valuable brand in Nigeria

  Dangote has emerged as the most valuable brand among the top 50 brands in Nigeria for 2018 unveiled at the weekend in Lagos.   This is coming barely three months after the brand was adjudged the most admired brand of African origin by Consumers in a brand rating coordinated by South Africa based Brand Leadership in conjunction with the ... Read More »