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Nigeria: interbank lending rates now 1.1.%

August 23, 2010 By: Olaleke Category: nigeria, nigeria news

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Nigerian interbank lending rates eased to 1.1 percent on average this week from 1.66 percent last after the release of large budgetary allocations to government agencies raised liquidity in the system (more…)

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Nigeria: Civil Society group tasks Bayelsa government

August 18, 2010 By: Olaleke Category: Bussiness, nigeria, nigeria news

Civil Liberties Organisation, CLO, has challenged the leadership of Bayelsa Expenditure and Income Transparency Initiative, BEITI, to furnish Bayelsans with the financial position of the state and local governments as per income and expenditure.

Rising from its meeting in Yenagoa, Bayelsa State chapter of CLO noted with sadness that since the inauguration of the Multi-Stakeholders Working Group of the Bayelsa Expenditure and Income Transparency Initiative by Governor Timipre Sylva about a year ago, the transparency and accountability body was yet to justify its purpose and significance to Bayelsans. (more…)

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Nigeria: Christian group call for Spiritual Rebirth

August 18, 2010 By: Olaleke Category: nigeria, nigeria news

Mr. Ifeanyi Odedo, National President, Full Gospel Business Men’s Fellowship International, on Monday in Abuja called for an urgent spiritual rebirth as Nigeria celebrates her Golden Jubilee.

Odedo made the call at a pre-convention news conference heralding the association’s convention and Nigeria’s Golden Jubilee. (more…)

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Nigeria’s Super Eagles 1, South Korea 2

August 11, 2010 By: babalobi Category: nigeria news

The Super Eagles of Nigeria lost 1-2 to the South Korean football team in an International friendly played this afternoon at Suwon World Cup Stadium
Debutant Yoon Bitgaram and Choi Hyo-jin gave South Korea the two goals victory over Nigeria  this Wednesday.

The 20-year-old Yoon struck after just 17 minutes in the friendly match, a repeat of the 2010 World Cup group game which ended 2-2, eliminating Nigeria and sending South Korea into the round of 16.

Yoon was one of four players to make his South Korean debut under new coach Cho Kwang-rae and justified his inclusion when flicking the ball past a defender and smashing in a shot from just inside the area.

Peter Odemwingie headed an equalizer for Nigeria shortly after but four minutes before the break, Manchester United star Park Ji-sung slipped the ball through for Choi to fire the winning goal.

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Nigeria: Depositors await re opening of Savannah Bank

July 20, 2010 By: Our Correspondent Category: nigeria, nigeria news

The Nigeria Deposit Insurance Corporation (NDIC) has summoned the Interim board  and management of Savannah Bank of Nigeria (SBN) Plc to explain why it has  failed to recapitalise and commence operation.

This follows the expiration of the deadline given to it by the Central Bank of  Nigeria (CBN) after a Court of Appeal restored the bank’s operating licence. (more…)

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PDP, stop embarrassing– AC

July 18, 2010 By: babalobi Category: nigeria news


Nigeria’s opposition party, the Action Congress wants the ruling  Peoples Democratic Party to stop embarrasing Nigerians. Speaking through its National Publicity Secretary, Alhaji Lai Mohammed,the AC said that while ruling parties in other parts of the world were the bastion of ideas that accelerate growth and development in their countries, the PDP had been enveloped in crisis and mundane issues.

It noted that in the last one week alone, the PDP had confirmed that it was, indeed, an assemblage of strange bedfellows and an instrument for the plundering of the nation‘s riches.

The AC mentioned the fighting by the PDP members in the House of Representatives on Tuesday and the exchange of words by the Senate and the House over the alleged “doctoring” of a version of the constitutional reform bill sent to the state Houses of Assembly as examples of the embarrassment caused Nigerians by the ruling party.

But the ruling party responded by advising the AC to address its identity problem first.

The AC said, “As if the resort to fisticuffs in the hallowed chambers of the National Assembly by supposedly honourable members were not enough, the leaders of the two chambers took over by dancing naked in the public square, as they traded accusations over who sent a doctored version of the constitutional reform bill to the state Houses of Assembly. Anyway, we are not surprised. The PDP has a history of doctored bills, dating back to the inglorious tenure of (Chief Olusegun) Obasanjo in office.

“To cap a string of shameful shows, the PDP has now turned against its own leader, President Goodluck Jonathan, … for daring to say the party, which by the way is a rigging machine, was afraid of the new boss of the Independent National Electoral Commission, Prof. Attahiru Jega.

“If anyone was in doubt that things have indeed fallen apart under the tattered PDP umbrella, such people should by now have shaken off such doubt.‘‘

The AC warned, however, that the show of shame exhibited in the ‘House of Representatives-turned-House of Horror‘ should not prevent the anti-graft agencies from getting to the root of the crisis in the House and unravelling what happened to the N9bn capital vote.

It said, “The free-for-all by the lawmakers in the House, constituted 80 per cent by the PDP, is not about bringing food to the table for hungry Nigerians or quenching their thirst through the provision of potable water, it is about those among them who have front seats on the gravy train.

‘‘This is why the anti-corruption agencies must get to the root of the allegations over the capital vote.‘‘

A faction in the House known as the Progressive-Minded Legislators had in separate petitions asked the Economic and Finanacial Crimes Commission as well as the Independent Corrupt Practices and Other-Related Offences Commission to probe how N9bn capital vote for the House was allegedly mismanaged by the Speaker, Mr. Dimeji Bankole.

Before the petitions, the group had given Bankole a one week ultimatum to resign or be disgraced out of office. But the matter developed into an exchange of blows on Tuesday when the House suspended 11 members of the PML for allegedly bringing the House into disrepute.

On the constitutional reform bill, the AC hailed the Lagos State House of Assembly for alerting Nigerians to the fact that a wrong bill was sent to the Houses of Assembly.

The party said, “Eternal vigilance is the price of liberty, and the Lagos House of Assembly has brought this to the fore, more than any other House. In fact, while the Lagos House of Assembly was busy scrutinising the bill, in the interest of Nigerians, some other Houses were quickly adopting whatever was sent to them, warts and all.

“We commend these true representatives of the people in the Lagos House of Assembly, and we urge all Nigerians to be vigilant in the days ahead, as the nation moves closer to next year‘s general elections.‘‘

Reacting to the AC statement, the National Publicity Secretary of the PDP, Prof. Rufai Alkali, said the AC had formed the habit of attacking the PDP anytime it wanted to attract attention.

Alkali said, “We are not surprised with what the AC has said because anytime the party wants to hug the headline, its leadership will attack the PDP. That is their usual manner.

“Anyway, we are not going to dignify the party by responding. All what we know is that the party is searching for a new name. We are waiting for them to see if the new name will make a difference.”

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Nigeria: National Orientation Agency seeks support

July 17, 2010 By: Our Correspondent Category: Health, nigeria, nigeria news

The National Orientation Agency (NOA),  said it would need the support of international donor agencies in the efficient discharge of its assignment. NOA’s Lagos State director, Nasir Kaka, told the News Agency of Nigeria (NAN) in Lagos that there was the need for international donor organisations to support the agency in the area of logistics. (more…)

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WHO tackles lead poisoning in Nigeria

July 16, 2010 By: babalobi Category: Health, nigeria, nigeria news

The United Nations World Health Organization (WHO) is working with the Nigerian Government to contain an unprecedented outbreak of lead poisoning in the country’s north, a result of the processing of lead-rich ore in gold mining.

Earlier this year, the non-governmental organization (NGO) known as Médecins Sans Frontières (MSF) informed the Ministry of Health in the state of Zamfara of a rise in the number of the deaths and illnesses of children in the villages of Bukkuyum and Anka.

WHO joined an international investigation team, which confirmed that more than 100 children in the area were suffering from severe lead poisoning, with more than 10 times the concentration of lead in their blood than the levels associated with impaired neurological development in young children. (more…)

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Nigeria: Ogun State boosting power supply through IPP

July 16, 2010 By: babalobi Category: nigeria, nigeria news

Governor Gbenga Daniel

Olayinka Olukoya in this piece, writes on the concerted efforts of the Ogun State Governor, Chief Gbenga Daniel, in tackling the power problem to boost socio-economic activities in the state

The issue of power generation in Nigeria has been a recurring decimal, despite the various efforts by the past and present administrations to ensure that the problem is resolved. No doubt, epileptic power supply has constituted a clog in the wheel of the socio-economic advancement of the country. (more…)

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Lower cases of Polio recorded in Nigeria

July 14, 2010 By: Olaleke Category: Health, nigeria, nigeria news

A new report by the Centers for Disease Control and Prevention’s Morbidity and Mortality Weekly Report released Thursday said Nigeria has maintained a high incidence of wild poliovirus cases due to persistent high numbers of unvaccinated and undervaccinated children and as a result the country has served as the reservoir for polio that could have spread internationally. (more…)

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