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  • 2013
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Day: 17 May 2013

Nigeria News

NIGERIA: Four confirmed dead in building collapse in Umuahia

Codewit Correspondent Codewit CorrespondentMay 17, 2013
FOUR persons have been confirmed dead after a building under construction collapsed in Agbama Housing Estate, Umuahia, Abia state capital. Four other persons sustained various degrees of injury and are...
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Nigeria News

Jonathan best President Nigeria ever had – Urhobo

Codewit Correspondent Codewit CorrespondentMay 17, 2013
The campaign for President Goodluck Jonathan’s re-election received a boost Thursday with the people of Urhobo ethnic nationality in Delta State threatening to march naked on the streets of Nigeria,...
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Celebrity

NIGERIA: I’m building a school this year, says Davido

Codewit Correspondent Codewit CorrespondentMay 17, 2013
Davido not only has big dreams for his future, he wants to leave a legacy behind as he recently announced plans to build affordable schools across the country. Davido made...
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Economics

Nigerian Economy Grew by 6.56% as Inflation Rises to 9.1%

Codewit Correspondent Codewit CorrespondentMay 17, 2013
The Nigerian economy grew by 6.56 per cent in the first quarter (Q1) of 2013 helped by growth in the non-oil sector as the composite Consumer Price Index (CPI) which...
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Business

Sambo Urges Nigerians to Contribute to National Development

Codewit Correspondent Codewit CorrespondentMay 17, 2013
Vice President Arc Mohammed Namadi Sambo has charged members of the Nigerian Community in Belgium to contribute positively to the development of their country and to at all times be...
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Business

NIGERIA: FG to Float Sinking Fund for Repayment of Matured Bonds

Codewit Correspondent Codewit CorrespondentMay 17, 2013
 The Director General, Debt Management Office (DMO), Dr. Abraham Nwankwo Thursday disclosed plans by the federal government to create a sinking fund to enable repayment of part of maturing FGN...
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Markets

NIGERIA: Market Hits Five-year High, Gains N142bn in 3 Days

Codewit Correspondent Codewit CorrespondentMay 17, 2013
Bolstered by positive reactions by investors to impressive  financial results of some companies yesterday, the Nigerian Stock Exchange (NSE) All-Share Index climbed to a  five-year high of 36,400.16. The last...
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Markets

European Central Bank Rate Cut Talk Rressures Euro, Lifts Bunds

Codewit Correspondent Codewit CorrespondentMay 17, 2013
(Reuters) - The euro slipped against the dollar and German bond prices rose on Thursday on investor positioning for more monetary easing by the European Central Bank following a run...
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Markets

Rating for Buffett’s Berkshire Cut by S&P

Codewit Correspondent Codewit CorrespondentMay 17, 2013
(Reuters)- Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence...
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Markets

NIGERIA: ‘CBN Not Responsible for Scarcity of News Banknotes’

Codewit Correspondent Codewit CorrespondentMay 17, 2013
The Central Bank of Nigeria (CBN)  Thursday refuted the news making the rounds that it is responsible for the artificial scarcity of new naira experienced in some part of the...
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