BUSINESSMAN Isaac Shongwe yesterday hit back at the Chemical, Energy, Paper, Printing, Wood and Allied Workers Union , saying the union's case against him was devoid of substance and there was no risk to money in the account of the union's investment arm, Ceppwawu Investments.
The political leadership of Nigeria is certainly going through very trying times presently. The state of health of President Umaru Yar'Adua which had previously been shrouded in official secrecy is now openly debated at every gathering since the President was rushed abroad two weeks ago on yet another round of medical attention. In the midst of calls for the immediate resignation of the President ...
IT's nearly Christmas, which means it's time to count our blessings. There is one blessing that we should be thankful for above all, and that is the global economic rebound. You get a strong sense that South Africans are only dimly aware of how close to the edge of a very real cliff the global motorcar has been speeding .
Federalism as is currently practised in Nigeria comes with a number of problems: One of such problems is the inability of states to legislate on certain aspects that affect their infrastructural development as a state. As a sub-national entity a state has its own powers, rights and obligations. Some contend that states in Nigeria today have a long list of obligations to (and expectations from) ...
THE announcement by the US Treasury that the 700bn Troubled Asset Relief Programme (Tarp) will cost about 200bn less than previously thought is good news. But it's also the kind of good news that is meant to be received as good news.
Your Excellency Sir, when sometime in February 2007 President Obasanjo posed the now famous question "Umoru, are you dead?" in the wake of the April 2007 presidential election, Nigerians thought and indeed prayed that they will never have cause to repeat that again.
It has been accepted that the intractable problem of poverty in Africa is a consequence of failure of leadership in the continent, affecting almost every facet of our lives as black-skinned humans.
THE Police is intensifying its operations on roads to reduce carnage ahead of the festive season, Kampala metropolitan Police chief Andrew Sorowen said yesterday.
SA's gold and foreign exchange reserves increased 1,8% last month, lifted mainly by higher gold prices, and showing that the Reserve Bank did not step up its buying of foreign currency despite hefty gains in the rand.
THE Congress of South African Trade Unions (Cosatu) said yesterday it would act as friend of the court in the class action lawsuit brought against South African companies that collaborated with the apartheid regime in the US Court of Appeals for the Second Circuit when the matter resumed next year.
GOLD fell as much as 2,2% to 1136,20/oz yesterday after the dollar rose to a five-week high against the euro and strengthened against other currencies on better than expected US jobs data.
The Kano state government has pledged the donation of a bus to Kano All Stars International Football Club.
The Senate has expressed support for Central Bank Governor Sanusi Lamido Sanusi over his call for the need to cleanse the capital market just like he has been done in the banking sector.
Eterna Oil and Gas Plc has said that it recorded a turnover of N12 billion this year as against N5 billion recorded in the previous year.
Dubai is a fascinating place. Not just as a shopping destination for the wealthy, but as an example of what is possible even in a desert, with just a bit of imagination, good neighbourliness and luck.
The Accountant General of the Federation (AGF), National Assembly members and stakeholders in the finance and information technology sectors met yesterday to review the newly introduced electronic payment system by the federal government.
Chevron Nigeria Limited, Shell Petroleum Development Company [SPDC] and Nigerian Agip Oil Corporation[NAOC]have been found to be responsible for flaring 188.02 billion cubic feet[bcf] of gas in the country between July and September this year.
The Trade Union Congress (TUC) has faulted the Federal government over the N156 billion (S1.4 billion) allocated to the power sector in the proposed 2010 budget.
The Federal government will soon pull out of the eight banks recently rescued with about N620 billion by the Central Bank of Nigeria (CBN), the junior Finance Minister has said.
Informal sector should be included in the government's National Health Insurance Scheme (NHIS), a healthcare insurance provider has said.
The question of a new set of electricity tariffs being introduced is back on the table but as usual every time it is mentioned nobody wants to take responsibility.
When it comes to counting how many Ugandan businesses have survived decades of frightful competition, Uganda Baati stands out.
Pan-African bank Ecobank has been named the leading bank in 11 African countries for its outstanding financial services in the market. The bank scooped the awards at the prestigious The Bank of the Year Awards in London. The awards which took place on December 3, are a spin-off of the Financial Times The Banker Magazine.
Climate Change is projected to affect the natural productivity and economic potential of the region's fisheries.
Hong Kong Trade Development Council (HKTDC), an organisation charged with promotion of Hong Kong's external trade has earmarked $10.3million (about Shs19billion) to facilitate African countries, willing to participate in a grand trade fair in Hong Kong early next year.
