Celebrity

Anchor Baby to hit cinema in Nigeria soon.

Anchor Baby, a movie shot by Lonzo Nzekwe And featuring City People actress of the year, Omoni Oboli, Sam Sarpong of Hollywood and other foreign cast is set to hit cinemas in Nigeria. According to synopsis of the movie, Anchor Babe is the story of married illegal immigrant couple, Joyce (Omoni Oboli) and Paul Unanga […]

Economics

Nigeria Central Bank may Liquidate Banks

Nigeria’s central bank will liquidate banks it took over last year if attempts to recapitalize them are “frustrated,” Governor Lamido Sanusi said. The final decision on recapitalizing the lenders lies with their shareholders, he said at a meeting in the capital, Abuja, according to a statement posted on the banks’ website. The Asset Management Corp. […]

Business

Nigerian opposition push for probe of oil company to douse national controversy of insolvency

APA, Abuja (Nigeria) As controversy trailed the solvency of the Nigeria-owned oil conglomerate and cash cow, the Nigeria National Petroleum Corporation (NNPC), a coalition of opposition parties, the Conference of Nigerian Political Parties (CNPP), is pushing for the probe of the corporation. CNPP on Friday called on President Goodluck Jonathan to set up an independent […]

Markets

Nigeria: Investment in Agric Low – FAO

Abuja — The Director-General of United Nations Food and Agriculture Organisation (FAO), Dr. Jacques Diouf, has said that agricultural investment in the country is very low. He disclosed this yesterday in Abuja, when he paid a visit to the Minister of Agriculture and Rural Development, Prof. Sheik Ahmed Abdullah. Diouf, said Africa used to export […]

Europe

Hungry Kidnappers lower ransom demand for Nigerian journalists

LAGOS — Gunmen who kidnapped four Nigerian journalists in the oil-rich south, sparking outrage in the region, have drastically reduced their ransom demand Thursday, the reporters’ union said. “We spoke to our colleagues and their kidnappers today,” the national secretary of the Nigeria Union of Journalists, Usman Leman, told AFP. “The kidnappers agreed to reduce […]