Governor Akpabio Honoured at Scrabble Gala Night

The Association of African Scrabble Federations, (ASF), has named Akwa Ibom State Governor, Godswill Akpabio, as the Pillar of African Scrabble at a gala night that closed the 7th Godswill Akpabio International Scrabble Classics (GAISC), in Uyo, Akwa Ibom State.

Irish Firms Set to Invest in Nigeria – Envoy

The Irish High Commissioner to Nigeria, Mr. Patrick Fay, has stated that Irish firms are ready to invest in Nigeria. He made this known at an event in Abuja. He also said, “Efforts are being made to boost commerce between

Importing Foreign Currencies Without Our Authorization Now Illegal – CBN

“Importing foreign currencies without our authorization is now illegal,” says The Central Bank of Nigeria (CBN), in a move following the withdrawal of operating licenses of 20 Bureaux de Change (BSCs). In a statement by the CBN, signed by its

We Will Transform Ten Million Lives in Ten Years – Elumelu

Nigeria’s business mogul, investor, and philanthropist, Tony Elumelu, recently spoke at the Clinton Global Initiative on the objectives of the Tony Elumelu Foundation and its peculiar interest in engineering growth among SMEs in the African continent. According to Elumelu, economic

Nigeria to Host 2014 ATTF Championship

Nigeria has won the hosting rights for the 2014 African top 16 Table Tennis Championship, by the International Table Tennis Federation (ITTF). According to the President of the African Table Tennis Federation (ATTF), Khaled El-Salhy, it was approved based on

Apple, Google and Coca-Cola Are World’s Most Valuable Brands

Apple, Google and Coca-Cola are the world’s most valuable brands, according to Interbrand, a consulting firm that ranks global brands. It put the brand value of Apple at $98 billion, with 28% change in brand value from the previous year.

Intercontinental Hotel unveiled in Lagos

Intercontinental Hotel was unveiled in Lagos, at the weekend by Governor Fashola. The N30 billion hotel, is a 23-storey building containing 358 rooms and 37 suites and a Presidential suite. It is the tallest hotel in West Africa, and is

Economic Update: US and Eurozone Exhibit Pool of Mixed Data

The US proclaimed mixed economic news during the course of last week, some areas of the economy showing an onward and upward move and some lagging slightly behind. According to data released on Tuesday, September 24th, the Consumer Confidence for

Ike Diogu Returns to the NBA; Joins NY KNicks

Nigerian basketball star, Ike Diogu has been snapped up by the New York Knicks. The 31-year old forward signing was announced by the New York based club on Friday. Diogu has had a nomadic career since being picked by Golden

CAF Lists Host Cities for 2015 Africa Cup of Nations

The Confederation of African Football (CAF), which is responsible for governing football in the continent, has penned down the host cities for Africa Cup of Nations in Morocco in two years time. Unsurprisingly Rabat was chosen to host the games.

Nigeria Power Sector Reform: FG Hands Over 15 Firms

Nigeria’s President Goodluck Jonathan will, today, hand over certificate of ownership and licences to the new owners of the Power Holding Company of Nigeria 15 successor companies. Mr. Benjamin Dikki, Director-general of the Bureau of Public Enterprises (BPE), explained that

Human Influence on Climate Clear – IPCC Report

Human influence on the climate system is clear. This is evident in most regions of the globe, a new assessment by the Intergovernmental Panel on Climate Change (IPCC) has stated. The report notes that, “It is extremely likely that human

President Jonathan to Host Future Awards

President Goodluck Jonathan will host the 100 Alumni of the Future Awards at Aso Villa on September 29, organisers of The Future Project have said. The Awards, recently renamed The Future Awards Africa is in its eighth season and has

World Bank Funds Mortgages in Nigeria with $300 Million

The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and

Nigeria and China Sign $1.2 Bn Agreement to Build Power Plant

Nigeria and China have signed a $1.293 billion agreement to develop the Zungeru Hydroelectric Power Project in Niger State. The plant is expected to generate 700 Megawatts (MW) of electricity. The contract was awarded to two Chinese electric power firms,

SEC wins Most Innovative Capital Markets Regulator Award

Nigeria’s Securities and Exchange Commission (SEC) has won the 2013 Africa Index Series Award for the “Most innovative Capital Markets Regulator” the second year in a row. Winning the award back – to – back, is due to several multifaceted

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