The Federal Government has charged the banking industry to participate in the funding of the country’s gas-to-power project which is estimated to cost a whopping $8 million USD. Vice President Namadi Sambo who made the appeal also commended the role played by the industry in the success of the power privatization exercise, saying it shows confidence in the administration and the country. Sambo was speaking Friday in Abuja, during a Special Forum on Financing the Power Sector Reforms for Economic Development, said “Let me also congratulate the Banking Industry for its contribution so far to put our great country on…
Author: tech
By: Gracious Akujobi Ahead of their departure to the pre-2013 World Cup camp in Dubai, the Golden Eaglets have been tutored by FIFA referee Peter Edibi about the intricacies of the rule of the game. The two-day session which centres on Hot Topics of FIFA 2010 including delicate issues of offside positioning and infringements started with tutorials at their Princeville Hotel Camp on Thursday and was later followed with practical during the team’s training session on Friday at the U.J Esuene Sports Stadium. “First and foremost, referees are human beings and you should see them as your friends,” said Edibi…
Kwara State Government has awarded the construction of 32.8 kilometre Ilesha-Baruba/Gwanara/Kenu/Okuta road project at the cost of over N1.5b. This was in addition to the award of the 64 kilometre Kisi-Kaiama road project already awarded. The State Commissioner for Finance, Ademola Banu disclosed this while briefing newsmen of the outcome of the State Executive Council meeting held at the Government House, Ilorin. According to the Commissioner, Council also reviewed on-going projects in various local government areas and expressed satisfaction with level and pace of work across the state. “I can assure you that all the projects would be completed on scheduled”.…
By Gracious Akujobi The Director of Competition at the Nigeria Football Federation (NFF), Mohammed Sanusi has advocated early camping and adequate preparation for the Super Falcons ahead of the African Women Championship (AWC) qualifiers and the championship proper. In a chat with Prompt News Online, Mr. Sanusi said the recent Falcons two legged loss to Japan in a friendly is a wake-up call for the Federation to kick- start Falcons’ preparation immediately. “After the last AWC, Falcons are in a rebuilding process and I can say that we are not disappointed at the result of the games but we expected…
By: Gracious Akujobi The Director-General of National Sports Commission (NSC), Gbenga Elegbeleye has hinted that the Commission will consider the inclusion of Squash in the forthcoming National Youth Games (NYC). He made this on Thursday when he granted audience to a delegation from Nigeria Squash Federation (NSF), led by its President, Adamu Erena, in his office at the Abuja National Stadium. Elegbeleye said that the NSC will continue to support Sports federations that are making impacts in their sports. He used the occasion to reiterate the importance of sports to a nation’s image, according to him, “sports more than anything…
In The Name of Allah Most Compassionate Ever Merciful All praise is for Allah that has made Marriage permissible for His worshipper. Salutations also go to the Messenger (s.a.w) for being a perfect role model for the believers. May the reward for this Salutation be a blessing to the sincere follower of Muhammad (s.a.w). Having said this, we are taking a look into how marriage can be saved In ShaAllah such that those that are planning to be married will not approach it with carelessness or arrogance. Marital ‘Diplomatic-Bag’ Content is Patient- I have not come across a Lady that…
The World Bank Board of Directors on Thursday approved a $300 million IDA* credit to boost Nigeria’s efforts to provide affordable mortgages for middle-income and lower income families. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and global financial systems,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “Today’s project will further the country’s economic success, strengthen the nascent mortgage market and create much-needed jobs in construction, housing improvement, finance and other sectors throughout Nigeria.” Today’s financing will support Nigeria’s Housing Finance Project. The project is an integral part of…
Mr. Phillips Oduoza, Group Managing Director of the United Bank for Africa (UBA) has emerged the Socially Responsible Investment (SRI) 30 “CEO of the Year” by African Investor, one of the leading investment and specialist communications firm advising governments and businesses on investments in Africa. Oduoza received the award at the Africa investor (Ai) CEO Institutional Investment Summit, held at the New York Stock Exchange, on Tuesday. The SRI Index series were instituted in 2008 at the United Nations, as a concrete step to engage investors and businesses in support of the UN Millennium Development Goals (MDGs) in Africa. The…
Following media reports, FBN Holdings Plc, on behalf of First Bank of Nigeria Ltd. (‘FirstBank’) has clarified itsposition regarding the approved application for the acquisition of International Commercial Bank (ICB) Ghana by FirstBank from ICB Financial Group Holdings AG. Talks on the acquisition of ICB Financial Group Holdings AG, FBN Holdings said remain ongoing, promising to make the outcome public. FBN Holdings Plc is the most diversified financial services group in Nigeria. The affiliates of FBN Holdings offer a broad range of product and services across commercial banking, investment banking, insurance and microfinance business in seven countries (Lagos, Nigeria, London,…
The Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Dr. Paul Orhil has been commended by the Senate of the State of Georgia in the United States of America for his consistent fight against fake drugs in Nigeria. According to a statement signed by Abubakar Jimoh, Director Special Duties in the agency, the Georgian Senate resolution which was sponsored by Senator Donzella James was passed on 13th September 2013 in recognition and honour of Dr. Paul Orhill for “his many outstanding achievements and contributions to the world”. The certificate of recognition was handed over to the…