Asamoah Gyan and Sulley Muntari are in line to appear at their third FIFA World Cup after being named in Ghana’s 26-man provisional squad. All participating nations are required to submit provisional squad lists by Tuesday, with those groups being trimmed to 23 players by June 2.
Updated 5 Years ago

Mobile Police Barracks MOPOL 8, in Jos, the Plateau State capital has arrested a suspected terrorist yesterday. LEADERSHIP gathered that the middle age man was arrested by the men of the state police command after seeing him wandering close to the fence of the police station.
Updated 5 Years ago

Efforts by the House Committee on Education to bring to an end the protracted strike action by the Academic Union of Polytechnics (ASUP) was yesterday dampened following the disclosure by the Ministry of Education that the salary arrears of polytechnic staff, which is one of their demands, was not captured in the 2014 budget. This was disclosed by the representative of the Minister of Education, Mr Wyosom Wike, Mr McJohn Nwaobiala, who is the permanent secretary of the Ministry of Education, who also added that the federal government will release the white paper on the visitation panel to federal polytechnics this week or next.
Updated 5 Years ago

It was another sweet victory for suspended governor of the Central Bank of Nigeria (CBN) as Justice John Tsoho of the Federal High Court in Lagos yesterday barred the Financial Reporting Council of Nigeria (FRCN) from further investigating him. Justice Tsoho made this order while delivering judgment in a suit filed by the suspended CBN governor against the FRCN and its executive secretary, Jim Osanyade Obase. The court described the action taken by the FRCN so far as biased, malicious, premeditated, frivolous, deliberately skewed, malafide and abuse of executive power.
Updated 5 Years ago

More than three million people died from using alcohol in 2012 for reasons ranging from cancer to violence, the World Health Organisation said yesterday. While it called on governments to do more to limit the damage, a WHO expert on chronic disease and mental health, Oleg Chestnov, said, “More needs to be done to protect populations from the negative health consequences of alcohol consumption.”
Updated 5 Years ago

China’s economic slowdown deepened with unexpected decelerations in industrial output, investment and retail sales, testing policy makers’ reluctance to step up monetary stimulus. Factory production rose 8.7 percent in April from a year earlier, the National Bureau of Statistics said today in Beijing, compared with the 8.9 percent median estimate of analysts surveyed byBloomberg News. Fixed-asset investment increased 17.3 percent in the first four months of the year, and retail sales advanced 11.9 percent in April.
Updated 5 Years ago

Working in Asia? Cloud computing could soon make your relationship with cubicles a thing of the past, according to real-estate services firm Jones Lang Lasalle (JLL). In a report titled "Asia Offices 2020," JLL said it expects Asia's heavyweight cities - Singapore, Mumbai, Hong Kong, Shanghai, Sydney and Tokyo - to move towards open, efficient and collaborative working environments similar to the much-envied offices of Google and Facebook.
Updated 5 Years ago

Should investment banks cut off the tail before it infects the body, or nurse the area back to health? This is the conundrum confronting bank bosses with fixed income divisions. Once bread and butter with a dollop of jam on top for bank profits, the industry is now left fighting over stale crumbs. Barclays' restructuring of its investment bank has sparked fresh debate about whether fixed income, currencies and commodities or FICC as it is termed, is on its deathbed because of structural changes caused by increased regulation or merely sickly due to a cyclical decline.
Updated 5 Years ago

Territorial clashes with China have pushed Vietnam's shares down more than 10 percent over the past month and even though tensions haven't eased, some analysts are tipping a bargain buying opportunity. "Political friction with China is nothing new, but the recent action is admittedly quite aggressive and rekindled the dispute between Vietnam and China that had been dormant for months," CIMB said in a note Monday.
Updated 5 Years ago

While adopting solar power in developed markets usually weighs on utility incumbents there, Asia's players are likely to reap benefits, Bernstein Research said. In developed markets, increasing solar installations means the power grid sees declining demand for daytime power, dinging the "sweet spot" for selling electricity in competitive markets, Bernstein said in a note Monday. Distribution utilities, which recover the high costs of their infrastructure by volume-based charges, also take a hit as they lose their natural monopoly, the report said.
Updated 5 Years ago