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25 Dec 2009
IT was another moment of celebration for Fan Milk Plc when the Managing Director of the dairy firm, Mr. Jens Erik Mollenbach, bagged an Achievers Distinguished Award at the Achievers Magazine's Merit Award ceremony held at the Premier Hotel, Ibadan recently, to honour deserving individuals for brilliant performances in their various fields of endeavour. The "Distinguished Award in Industry" conferred on Mollenbach was a direct result of his astuteness, dedication and resolute managerial prowess coupled with his performance of excellence in taking Fan Milk Plc to a greater height than he met the dairy firm two years ago.
25 Dec 2009
The scarcity of petroleum products continued to hit Borno and Yobe states, as motorists and commercial motorcycle operators besieged a handful of the filling stations that had fuel yesterday to dispense. The filling stations in Maiduguri and Damaturu were jam-packed with very long queues of vehicles and motorcycles, stretching up of two-three kilometres on Airport, Baga and Sir Kashim Ibrahim Way and roads.
25 Dec 2009
THE Standards Organisation of Nigeria (SON), has called on the National Assembly to legislate stiff penalties for importers of substandard products. The Director General of SON, Dr John Akanya, made the call in an interview with the News Agency of Nigeria in Abuja recently. Akanya blamed traders and marketers for going out to demand for low quality products to make more gains at the expense of the economy and the lives of the people.
25 Dec 2009
CRUDE oil prices traded little changed after a government report yesterday showed a larger-than-expected decline in U.S. stockpiles, signaling a recovery in fuel demand in the world's largest energy consumer. U.S. crude inventories fell for a third straight week, dropping to the lowest level since January, according to Wednesday's report. "The inventory report was a key catalyst for the market," said Paul Harris, head of natural resources risk management at the Bank of Ireland in Dublin. "That moved the market sharply."
25 Dec 2009
CONTRARY to speculations, the Imo State government has not started drawing down on the N18 billion bond already secured for the development of Oguta Wonder Lake project and other developmental projects, the Special Adviser on Special Duties to Governor Ikedi Ohakim, Mr. Chikwem Onuoha, has disclosed. In a chat with journalists yesterday, in Owerri, Onuoha noted that out of N40 billion bond which the state had requested for, only N18 billion was received, adding that in line with the specifications for real planning and execution, it would take about four years to plan the wonder lake project, just as it took the Sun City project in South Africa to actualise, urging Imo people to understand it in same light.
25 Dec 2009
SOME African countries have a year-end raw international commerce bargain from the United States of America (USA), as President Barack Obama, stopped Madagascar, Guinea and Niger from receiving trade benefits for a year. The President explained that the countries had failed to make "continual progress" in meeting USA's requirements for a programme designed to create jobs in Africa. Obama said that each of the countries "has experienced an undemocratic transfer of power" meaning they did not satisfy the criteria. However, Mauritania was re-instated to the programme. The Africa Growth and Opportunity Act (AGOA), was set up in 2000 to offer "tangible benefits" for African countries trying to adapt their economies to a free market.
25 Dec 2009
SOUTH Africa's FTSE/JSE Africa All Share Index slipped 27.70, or 0.1 per cent, to 27,580.22 in Johannesburg, paring its gain this week to 0.9 per cent.   Meanwhile, Kenya's All-share index closed at a 4 1/2-month high, adding 0.6 percent to 57.88 in Nairobi. Trading ended an hour earlier at 1 p.m. local time.
25 Dec 2009
CONTINENTAL Reinsurance Plc has presented its unaudited financial performance for the third quarter ended September 30, 2009, to the council of the Nigerian Stock Exchange (NSE).   The result showed that the company recorded gross premium of N5.3 billion against N3.9 billion in the comparable period of 2008.
24 Dec 2009
By Chika Goodluck Ogazi AS a result of frequent cases of baggage losses and delays belonging to host of passengers, the Director General, Nigerian Civil Aviation Authority (NCAA) Dr. Harold Demuren has summoned the management of Royal Air Maroc to an urgent meeting to address the issue. In a statement signed by the Media Assistant to the Director General, Mr. Sam Adurogboye, he said that this followed the complaints received by authority from various passengers who arrived the country on different flights of the airline in recent times. According to Demuren, some of the passengers complained about the poor sanitation on board the aircraft and on one occasion, the lack of water in the toilet with the associated health hazard during the flight.
24 Dec 2009
By Emmanuel Badejo AS the Lagos State land reform vision reaches the climax, consultants, working on the N3.1 billion Lagos Enterprise Digital Mapping and Geographic Information System (GIS) project, popularly referred to as G.I.S, have said the project would soon be launched. According to the experts, at the moment revaluation of different aspects of the project is undergoing testing, which upon completion will eventually boost the stateÕs capacity on land management. Chatting with newsmen in office last week, one of the consultants, Mr. Oluropo Olajugba, managing director, Lordsfield Limited, a surveying and GIS firm, said that at the moment, the project is undergoing testing, which would be completed soonest, before making a final presentation to the state government.
24 Dec 2009
By Tosin Fodeke THE Centre for Social Justice, Nasarawa State, has called for the support of a bill that will enhance capacity to improvement on the needed skills for advocacy, monitoring, evaluating and reporting of public procurement implementation in the state. According to the Director, Centre for Social Justice Nasarawa State, Mr. Eze Onyekpere, the bill seeks to among other things to form a common and united front and create a civil society forum on public procurement and empower themselves with the requisite specific knowledge for public procurement reform and public expenditure management. Onyekpere, said the group has organised a workshop to sensitise Nasarawa State Civil Society Organisations (CSO) on best practices in public procurement reforms, the provisions of the Public Procurement Bill before the Nasarawa State House of Assembly and to build their capacity to improve on the needed skills for advocacy, monitoring, evaluating and reporting of public procurement implementation in the State
24 Dec 2009
By Andrew Iro Okungbowa & Babatola Adeyemi TO make NigeriaÕs 50th anniversary celebration next year a unique one, a multi-faceted approach to addressing NigeriaÕs economic nay national development challenges was unfolded on Tuesday in Lagos. Indeed, stakeholders who gathered at the event organised by ALLSTATES group were very optimistic that the latest initiative would not go the way of previous genuine attempts at repositioning the country. Justifying the national development agenda at a Media EditorsÕ briefing, the Managing Director of ALLSTATES group, Alhaji Salem Kareem Rabo declared that Nigeria deserved something different from the usual yearly independent celebration as it clocks 50 next year.

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