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INEC and 2011 elections in Nigeria

August 18, 2010 By: Olaleke Category: 2011 elections, nigeria, nigeria news, politics

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The issue of ineffective governance in the country and its implications account for incredible elections which results in leadership tussles in our society.

The 1999, 2003 and 2007 elections  are now history, but it is left to observers to judge whether or not any of those  elections  were blatantly rigged. The issue is, how much difference will Professor Attahiru Jega make in the 2011 election? (more…)

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Nigeria introduces Air marshals on US bound flights

August 11, 2010 By: babalobi Category: nigeria news

Air Mashals  now accompany flights enamating from Nigeria to United States, just as  full body scanners are now selectively used in Nigeria airports (more…)

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Nigeria: New bill seeks more local ownership in Telecoms

August 02, 2010 By: Our Correspondent Category: nigeria news

A new bill advanced by the House of Representatives seeks to ensure a greater participation of Nigerians in the telecommunications sector and will mandate companies to reserve at least 30% of total shares to Nigerians. (more…)

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Indian police in a fix over ex Nigerian convict

July 31, 2010 By: babalobi Category: nigeria news

Julius Ojao alias Smith, a Nigerian, has been living at the Gorwa Police station in India for close to four months. Smith, a convict in a cyber crime case, is in the police custody while he awaits deportment. While Smith has been enjoying a lavish lifestyle, the police are in a fix as his expenses are mounting, most of which are being borne by the cops from their own pockets.
(more…)

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Nigeria: Landlords may register tenants under new law

July 21, 2010 By: babalobi Category: nigeria news

Reps to debate tenant data bill

The Nigerian House of Representatives is to consider a bill which will require all landlords in the country to keep records of their tenants’ personal details for the purposes of security and public information.

The bill is titled, “A Bill for An Act To Provide for Landlords and Tenants Responsibility and For Other Matters Connected Therewith,” and sponsored Emmanuel Jime (PDP, Benue State). (more…)

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Nigeria’s President Jonathan speaks on facebook

July 21, 2010 By: babalobi Category: nigeria news

President Goodluck Jonathan’s facebook posting this morning

In fulfilment of this administration’s goal of stimulating economic recovery, restoring confidence in the banking sector and the capital market as well as improving Nigeria’s international credit and risk ratings, I signed into law the Asset Management Corporation of Nigeria (AMCON) Bill. (more…)

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Nigeria: Why Insurance Industry is not growing

July 20, 2010 By: Olaleke Category: Bussiness, nigeria, nigeria news

An insurance expert has identified government’s non-challant attitude towards insurance laws and practices as one of the major factors hindering the growth of the industry. (more…)

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Nigeria: Reforming the Nigeria Police Service

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

By GODWIN OKANEME

The Police Headquaters Abuja Nigeria

It is the primary responsibility of the police all over the world to maintain law and order in every country. In Nigeria, the police have been carrying out this onerous responsibility for a very long time.

While it is agreed that policing a country like Nigeria with its multi-ethnic, multi-religious, multi-political and multi-social bearings is a herculean responsibility, it is not a mission impossible. (more…)

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Germany to assist Nigeria to solve energy crisis

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

Germany has declared its intention to assist Nigeria in solving its persistent energy crisis through loan financing under the partnership deal between the two countries.

This plan was disclosed at the 5th Nigeria-German Energy Partnership conference, held in Abuja by the Nigerian Energy Council. (more…)

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Nigeria: Cental Bank Governor harps on Risk Management

July 18, 2010 By: Abigael Category: nigeria news

Governor of Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, said for the rescued banks to improve on their operations they must also improve on their risk management.

Speaking to newsmen in Lagos, Sanusi said  the managers of these banks must also improve on their operational capacity, assets quality and corporate governance.

Sanusi, who was reacting to why international financial assessment institutions rate Nigerian banks low, explained that it is only when  these conditions are met that the Nigerian banks would get better credit rating by international rating organisations like Standard &Poors.

Standard and Poors recently rated some Nigerian banks as high in risk management with poor regulatory oversight.

(more…)

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