The Nigerian capital market, last week suffered its worst setback in over three years with investors’ value of over N887.5 billion eroded in four trading days.The decline had been attributed to concerns that global stimulus measures may ease with the All share Index which had risen by 39 per cent...
Updated 6 Years ago

Nigeria Governors Forum (NGF) Chairman Chibuike Rotimi Amaechi yesterday warned Governor Jonah Jang to stop parading himself as the forum’s leader. He said Jang’s assumption of NGF chairmanship is subjudice to the ongoing court process instituted by Lagos State Governor Babatunde Fashola against the usurpation of the NGF leadership by the Plateau State governor.
Updated 6 Years ago

The presidency has dissociated the First Lady, Mrs. Patience Jonathan, from insinuations in the media Sunday, that her visit to Rivers State was in connection with the alleged ongoing plot to unseat the state Governor, Hon. Rotimi Amaechi.
Updated 6 Years ago

There are indications that another industrial action is looming in the nation’s aviation industry for the umpteenth time this year. This time, the two main unions in the industry- Air Transport Services Senior Staff Association of Nigeria (ATSSSAN) and National Union of Air Transport Employees (NUATE), have issued the Federal Airports Authority of Nigeria (FAAN) a 14-day ultimatum to address lingering poor welfare of workers.
Updated 6 Years ago

President Goodluck Jonathan as well as the Senate President, David Mark and the Speaker, House of Representatives, Aminu Waziri Tambuwal, were among eminent Nigerians who paid glowing tributes to the Iyaloja-General of Nigeria, Alhaja Abibatu Mogaji, mother of the former Lagos State governor, Senator Bola Ahmed Tinubu, who was laid to rest Sunday.
Updated 6 Years ago

In view of the increasing pressure faced by the naira, which recorded its worst year-to-date performance against the United States dollar last Friday, the Central Bank of Nigeria (CBN) has assured Nigerians that there is no cause for alarm over the nation’s currency.
Updated 6 Years ago

At this spring’s New York auto show, the media at Chevrolet’s press conference expected the curtain to rise on the Camaro’s mild mid-cycle face lift, which had already been revealed on a morning TV squealfest. But when a new Z/28 rumbled onto the stage, the jaded crowd was so shocked that it erupted in genuine applause. Here was the return of an American road-race icon, one that got its start as a homologation special for the SCCA’s Trans-Am series but had moldered through successive generations. Clearly, Chevy is trying to make up for lost time. The mission of this car is to help its owner set ­personal-best laps, and it comes sporting comprehensive power, handling, and weight-saving modifications—even outdoing the ZL1 in some regards. When it goes on sale later this year, the Z/28 will be even more expensive than the 580-hp ZL1, which stickers for $56,550. Here’s what’s under the skin:
Updated 6 Years ago

The door is now open to increased competition in the biomedical field following the U.S. Supreme Court's ruling in a lawsuit brought by the American Civil Liberties Union against Myriad Genetics, maker of today's only tests for two key cancer-related genes. Still patentable, according to the ruling, is complementary DNA, or cDNA, a synthetic material that's also widely used in genetic testing.
Updated 6 Years ago

Microsoft Corp said it would open 500 special stores within existing Best Buy Co Inc stores in the United States selling exclusively Windows-based tablets and computers and other Microsoft products in an effort to revitalize sales of its flagship operating system.
Updated 6 Years ago

Almighty Allah has honoured man, and created him in the best form. He says in the Qur’an, (Verily we have honored the Children of Adam. We carry them on the land and the sea, and have made provision of good things for them, and have preferred them above many of those whom We created with a marked preferment.) (Al-Israa 17: 70)
Updated 6 Years ago