Vanguard (Nigeria) articles from June 2009, page 10

Vanguard (Nigeria) archives from June 2009

DVCF Oil and Gas Funds Maintains Policy of 95 Percent Returns to Investors.
June 2, 2009... In line with her policy, DVCF Oil and Gas Plc has declared a total distribution of N76.48 million as total dividend payout. This figure represents 95% of the net earnings of N80.5million. This was revealed at the Second Annual General...

Standard Chartered Ranks Fifth Among UK Brands.
June 2, 2009... Byline: Peter Egwuatu Standard Chartered has been ranked fifth amongst UK brands and fifteenth among its financial services peers worldwide in the BrandZ Top 100 Most Valuable Global Brands 2009 survey released by Financial Times. The new...

NLRC, NSL Partner to Promote Economic Development.
June 2, 2009... Byline: Michael Eboh The National Lottery Regulatory Commission (NLRC) has indicated its willingness to partner with the National Sports Lottery (NSL) Plc to further promote economic development through increased awareness for lottery...

Turai Tasks Nigeria/China Trade Forum on Women Empowerment.
June 2, 2009... Byline: Henry Umoru WIFE of the President, Hajiya Turai Yar'adua yesterday said that if Nigeria must grow economically and meet the set target of becoming one of the greatest twenty economies of the world, there was the urgent need for...

NSE Share Value Up By N617 Billion.
June 2, 2009... Byline: Michael Eboh and Chinedu Ibeabuchi Driven by massive gains on the share prices of majority of quoted companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated last week by N617.06 billion. ...

FG Sets Up Committee to Audit Faan's Four-Year Accounts.
June 2, 2009... Byline: Kenneth Ehigiator The federal government has set up a committee to audit the accounts of the Federal Airports Authority of Nigeria (FAAN) in the last four years. Senior Special Adviser to the president on Aviation, Capt. Shehu...

Recharging Ferma.
June 2, 2009... THE new board of the Federal Roads Maintenance Agency, FERMA, with former Governor of Niger State, Engineer Abdulakdir Kure, as its Chairman faces the harsh challenge of establishing the relevance of the body. Minister of Works, Housing and...

We'll Pay N52,000 Minimum Wage - FG.
June 2, 2009... Byline: Demola Akinyemi The Minister of Labour and Productivity, Prince Adetokunbo Kayode (SAN), has assured that the minimum wage being demanded by the Nigeria Labour Congress (NLC), for civil servants would be paid. He, however, called...

Nafdac Seizes N32 Million Fake Anti-Malarial Drugs.
June 2, 2009... Byline: Sola Ogundipe The National Agency for Food and Drug Administration and Control (NAFDAC), has foiled an attempt to import into the country a consignment of fake and adulterated antimalarial drugs Maloxine and Amalar tablets with an...

N5.2 Billion Scam - Ugbane, Elumelu, Eight Others Get Bail.
June 2, 2009... Byline: Ise-Oluwa Ige An Abuja high court yesterday granted bail to the Chairman of Senate Committee on Power, Senator Nicholas Yahaya Ugbane, his House of Representatives counterpart, Hon Ndudi Elumelu and eight others in the sum of...

Anambra PDP Commends NWC on Democracy.
June 2, 2009... Byline: Vincent Ujumadu THE Anambra State branch of the Peoples Democratic Party (PDP) has congratulated the national leadership of the party on the 10 years of uninterrupted democratic rule in the country and two years of President Umaru...

JTF, MEND Disagree Over Rivers Attack.
June 2, 2009... Byline: George Onah Following a fierce gun battle between security forces and gunmen, yesterday, the Joint Task Force in Rivers State says it destroyed a militants' camp close to Buguma creeks, AsariToru Council. But MEND on its part, in a...

We're Hungry, Let's Go Home - Displaced Persons.
June 2, 2009... Byline: Emma Amaize GBARAMATU villagers who are displaced from their communities as a result of the clash between the Joint Task Force on the Niger-Delta and militants in the creeks of Delta State cried out from the government refugee camp at...

Ezendigbo Crisis - Nwachukwu Hails Ohakim.
June 2, 2009... Byline: Azu Akanwa Leader of the Igbo community in Lagos State, and Ochiagha Obodoukwu, Imo State, High Chief Christian Nwachukwu has commended the Governor of Imo State, Ikedi Ohakim for supporting the ban on Ezendigbo title in states across...

Senate Grills New Central Bank Governor.
June 2, 2009... Byline: Omoh Gabriel, Emmanuel Aziken and Emma Ujah AS the Senate gets set to grill the Governor-designate of the Central Bank, Mr Sanusi Lamido Sanusi today, the leadership of the Chamber was in a meeting last night to decide on the...

Creek War an Overkill, Says Emuobor.
June 2, 2009... Byline: Emmanuel Aziken The blanket barrage of Niger Delta communities in the military campaign against alleged militants is an over kill, Bishop Diamond Emuobor, Chairman of the Political Committee of the Delta State Chapter of the Christian...

Ebsu ASUU Threatens Strike.
June 2, 2009... Byline: Tony Edike THE Academic Staff Union of the Ebonyi State University (EBSU), yesterday, gave the management of the university, one month to implement the Consolidated Tertiary Institutions Salary Scale (CONUASS) or they would join the...

AC Urges Yar'Adua to Show Visionary Leadership.
June 2, 2009... Byline: Vanguard The Action Congress (AC) has said it is time for President Umaru Yar'Adua to show visionary leadership that can set Nigeria on the path to greatness, instead of rehashing old clichés and overplaying the symbolism...

FG Urged to Adopt Practical Steps in Resolving Delta Crisis.
June 2, 2009... Byline: Festus Ahon THE Federal Government and development agencies, particularly the Delta State Oil producing Areas Development Commission, have been told to adopt practical steps that will bring a lasting solution to the crisis in the...

Power Supply Nationwide Drops As Shell Shuts Afam Station.
June 2, 2009... Byline: Vanguard SHELL Petroleum Development Company (SPDC), operator of the Afam V1 power station, yesterday shut down the plant for routine maintenance - effectively taking 300 Megawatts (MW) of electricity offline.A statement by the Power...

Benue Assembly Begins Public Hearing On Ogogoro.
June 2, 2009... Byline: Peter Duru Determined to legislate against the production, sale and consumption of locally brewed gin popularly called Ogogoro, the Benue State House of Assembly has commenced public hearing on a proposed bill to outlaw it from the...

Aginighan Urges Youths to Embrace Presidential Amnesty.
June 2, 2009... Byline: Peter Okhiria Acting Managing Director of the Niger Delta Development Commission, Chief Power Aginighan, has urged the warring militants in the Niger Delta to embrace the new offer of amnesty by President Umaru Yar'Adua in his...

Anglican Diocese Wants Justice On Niger Delta Crisis.
June 2, 2009... Byline: Vanguard The Diocese of Lagos Mainland (Anglican Communion) has called on all parties to the Niger Delta crises to show greater sensitivity for the sanctity of human life by embracing peaceful options in pursuing their aims. Rising...

Gunmen Abduct Three-Yr-Old Boy After Church Service.
June 2, 2009... Byline: Emma Arubi THREE gunmen yesterday abducted three-year-old Oritseweyimi Wagbatsoma after a fight with his father in front of the Redeemed Christian Church of God, Airport road, Warri and drove him to an unknown destination. His...

National Statistics On Polio Still Not Cheering - Hamzat.
June 2, 2009... Byline: Chioma Obinna As the 3rd Round of the National Immunization Days (NIDs) end today In Lagos State, the Special adviser to the Lagos State Governor, Pharm. Toyin Hamzat has declared that the statistics on Wild Polio Virus (WPV) in the...

Nass Tasked On New Tobacco Bill.
June 2, 2009... Byline: Chioma Obinna JUST as the World Health Organization (WHO) last week urged governments to require that all tobacco packages include pictorial warnings to show the sickness and suffering caused by tobacco use, a call has been made to...

Pharmacists Seek Enabling Environment for Drugs Production.
June 2, 2009... Byline: Sola Ogundipe The Pharmaceutical Society of Nigeria (PSN) has called on the Federal Government to create an enabling environment for the pharmaceutical industry for self sufficiency in the production of essential drugs attainable in...

Pay More Attention to Children, FG Urged.
June 2, 2009... Byline: Chioma Obinna TO ensure that the estimated 15 million Nigerian children working in an exploitative condition have a better deal, Nigerian government at the top has been urged to prioritise issues concerning children, particularly in...

Evans Introduces Lifestyle Products.
June 2, 2009... Byline: Chioma Obinna TO meet up with the growing trend in herbal medicine, Evans Medical Plc recently launched into the Nigerian market three new life style products including Rejuva, Reliva and Healthy Bitters produced to help consumers...

MDS Enhances National Drug Supply System.
June 2, 2009... Byline: Sola Ogundipe Nigeria's drug supply system has been enhanced with the recent commissioning of the Abuja regional pharmaceutical hub by MDS Logistics, a division of UAC of Nigeria Plc.The state-of-the-art facility, located at Idu...

Govt Revokes Nitel, MTel Sale to Transcorp.
June 2, 2009... Byline: Leke Adeseri With Agency Reports THE Federal Government yesterday directed the immediate revocation of the sale of NITEL and M-Tel to Transnational Corporation of Nigeria (Transcorp) Plc. The revocation order was issued at the end...

Establishment of Environment Centre - Edo, Uniben Laud FG.
June 2, 2009... Byline: Simon Ebegbulem Edo State government and the authorities of the University of Benin (UNIBEN), have commended the Federal Government for the establishment of the National Centre for Energy and Environment that will serve the...

Igbo Community Protests Ban On Eze-Ndigbo Title.
June 2, 2009... Byline: Fintan Ibegwam Some members of Igbo community resident in Lagos last week held a peaceful demonstration against the ban of the use of Eze Igbo title in Lagos by the Lagos State Government. The demonstrators numbering over one...

Hotel Manager Docked for Harbouring Prostitutes.
June 2, 2009... Byline: Innocent Anaba & Temidayo Okeseeyin A 16 year-old prostitute, yesterday narrated to a Federal High Court sitting in Lagos, how proceeds of prostitution were allegedly shared between a hotel manager, Alhaji Lasbiat Alebiosu, and...

'Minda, Not Idoma Will Govern Benue After Suswam'.
June 2, 2009... Byline: Peter Duru As the Idoma nation, the second largest ethnic community in Benue State, hopes to take over the mantle of leadership of the state at the expiration of Governor Gabriel Suswam's administration in 2015, they have been asked...

Only Stronger Naira Will Stop Rising Fuel Prices.
June 1, 2009... Byline: Les Leba The first part of this article was published in this column last week with the title "THE MOTHER AND FATHER OF FUEL PRICES (1)". In that piece, we observed that both the federal government and the NLC appreciated the benefits...

Nothing Illegal in Use of Arms for Our Struggle - Dokubo-Asari.
June 1, 2009... Byline: Emma Amaize NIGER-DELTA Volunteer Force cum the People Salvation Force (NDPVF/PSF), led by Alhaji Mujaheed Dokubo-Asari, yesterday, said it had no apology to render to any one for the use of arms in its struggle to emancipate the...

Abuja Masterplan Distorted, Says Representative.
June 1, 2009... Byline: Tordue Salem A member of the House of Representatives, Ernest Ibejiako, who is the Deputy Chairman of the House of Committee on Federal Capital Territory, has described the Abuja Master Plan as distorted and overdue for review. The...

Dwindling Revenue - FG Beams Searchlight on Customs, NNPC.
June 1, 2009... Byline: Omoh Gabriel and Ifeanyi Ugwuadu IN the face of shrinking accruals on account of the global meltdown, the Federal Government is to beam its searchlight on the operations of the Nigerian National Petroleum Corporation (NNPC) and the...

Governors' Peer Review System.
June 1, 2009... Byline: Ochereome Nnanna THE Governors Forum, an exclusive club of chief executives of the 36 states of the federation, is beginning to acquire some relevance. During the eight years of Olusegun Obasanjo's reign as the president of...

Desopadec Board Intact - Uduaghan.
June 1, 2009... Governor Emmanuel Uduaghan of Delta State has said the board and management of Delta State Oil Mineral Producing Areas Development Commission was intact. Uduaghan, in a statement by his Chief Press Secretary, Mr. Sunny Ogefere, yesterday,...

Lack of Ideology, Bane of Democracy.
June 1, 2009... Byline: Emmanuel Aziken Lack of internal democracy and ideological focus are among the major impediments to the progress of the nation's democracy, politicians and other stakeholders have affirmed. Political stakeholders in a statement at...

Enugu Sets Up Committee on Onoh's Burial.
June 1, 2009... Byline: Tony Edike THE Enugu State government has inaugurated a committee made up of eminent sons and daughters of the state and from other parts of the country to organise a befitting state burial for the former civilian Governor of the old...

Water Scarcity Hits Owerri.
June 1, 2009... Byline: Chidi Nkwopara Taps in parts of Owerri municipality have run dry, while scores of households have resorted to drawing water from the largely polluted Otamiri River for family use. The most affected parts of the municipality...

Lagos Allays Fear on Overflow From Bar Beach.
June 1, 2009... Byline: Kingsley Adegboye and Olasunkanmi Akoni Following the spill over of water from the Bar Beach onto Ahmadu Bello Way, Victoria Island on Friday after a down pour, Lagos State Commissioner for Waterfront and Infrastructure, Prince...

Nwodo Blasts FG Over Fuel Importation.
June 1, 2009... Byline: Tony Edike FORMER Governor of Enugu State, Dr. Okwesilieze Nwodo has condemned the continued importation of refined petroleum products by the Federal Government, saying that it was wrong for Nigerians to continue to depend on imported...

Police Kill Two Robbery Suspects, Arrest Two.
June 1, 2009... Byline: Emma Nnadozie and Albert Akpor It was the end of the road for suspected four-man robbery gang when the Police in Apapa Division, Lagos, weekend, killed two and arrested two of them. Two short guns and 12 cartridges were recovered...

Nema Hands Over Displaced Persons Camp to Delta Govt.
June 1, 2009... Byline: Emma Amaize The NATIONAL Emergency Management Agency (NEMA) yesterday handed over to Delta State government its Internally Displaced Persons (IDP) camp set up for the victims of the conflict between the Joint Task Force (JTF) on the...

Fashola Tasks Military on Regular Exercise.
June 1, 2009... Byline: Albert Akpor GOVERNOR Babatunde Fashola of Lagos State, weekend, urged the military to take regular exercise very serious, saying it will not only keep them in their traditional agility, but also prolong their life span. The state...

MTI to Set Up Transformer Plant in Abuja.
June 1, 2009... Byline: Prince Osuagwu After about one year of going public, the management of one of Nigeria's frontline telecom Infrastructure building and management firms, MTI Plc, last week in Lagos gathered its investors to explain how it has been able...

Mulade Urges Youths to Shut Down Militant Camps.
June 1, 2009... Byline: Emma Amaize NATIONAL Coordinator of the Niger-Delta Reorientation Project, Comrade Sheriff Mulade, has called on youths in the Niger-Delta to shut down their militant camps and lay down their arms, as no militant group in the history...

Military Action to Fast-Track Amnesty for Militants - Uduaghan.
June 1, 2009... Byline: George Onah Governor Emmanuel Uduaghan of Delta State has said that the military operation going on in his state was aimed at fast-tracking the amnesty granted by the Federal Government to the militants in the Niger Delta. ...

Ribadu - Representatives Move to Strip Executive of Police Promotion Powers.
June 1, 2009... Byline: Tordue Salem THE Nuhu Ribadu demotion saga may have triggered modifications in the procedures for promotion and demotion of Police officers as the House of Representatives has begun pushing through a bill that seeks to take away the...

Excursion Day Tragedy - Parents of Drowned Student Accuse School Authorities.
June 1, 2009... Byline: Albert Akpor FOR the Okugbemis, tears are not enough for the sudden demise of their young and promising undergraduate of the Department of Food Technology, University of Ibadan while on an excursion to a food processing company in...

Drogba Offers Another Apology.
June 1, 2009... Didier Drogba insists he is prepared to say sorry again for his behaviour at the end of Chelsea's UEFA Champions League semi-final against Barcelona. The striker angrily confronted referee Tom Henning Ovrebo and swore into television cameras...

Regular Eagles to Face France.
June 1, 2009... Byline: Onochie Anibeze Super Eagles spokesman Idah Peterside has said that the Eagles will be better represented in tomorrow's international friendly with one time world champions, France. The team played a 1-1 draw against Ireland at the...

Amokachi, Adepoju, Akanni Join Oceanic Talent Hunt.
June 1, 2009... Former Super Eagles internationals have embraced the Oceanic bank Football Talent Hunt project. Eagles assistant coach, Daniel Amokachi, General Manager of Shooting Stars, Mutiu Adepoju, Lagos State Football Association Chairman, Waidi...

Between Governor Obi and Anambra State.
June 1, 2009... Byline: Chidi Anyaeche IT is now apparent, indeed very apparent to any serious observer of Nigerian affairs, that present day democracy is failing or has failed, depending on which side of the divide one is operating from. The body of...

Another Shift in Deadline.
June 1, 2009... Byline: Franklin Alli The Economic Partnership Agreement (EPA) between Nigeria, 15 other West African States, and the European Union (EU) may not come into effect this month. Nigeria has expressed doubts about its readiness to sign the...

GBF Targets Grassroots Empowerment With MLP Extension.
June 1, 2009... Byline: Michael Eboh As parts of plans to ensure grassroots development through access to finance, Growing Businesses Foundation (GBF) in conjunction with the Federal Government of Nigeria and Visafone have announced its plans to extend the...

NSE Share Value Up By N617 Billion.
June 1, 2009... Byline: Michael Eboh and Chinedu Ibeabuchi Driven by massive gains on the share prices of majority of quoted companies, the value of listed equities on the Nigerian Stock Exchange (NSE) appreciated last week by N617.06 billion. ...

Good Outing for GTbank.
June 1, 2009... Byline: Lucky Fiakpa The financial looks challenging given the global economic meltdown but Guaranty Trust Bank came out stronger splashing dividend and bonus shares on shareholders. The economic meltdown period was seen as one that could...

Making Banking Better.
June 1, 2009... Byline: Lucky Fiakpa The roll out of the cash-deposit ATMs by UBA and Skye Bank could well redirect competition in the sector in that direction and banking could only be made better for the banking public in the process, Lucky Fiakpa writes...

Wake Up Call on African Insurance Practitioners.
June 1, 2009... Byline: Patience Saghana The African insurance industry has for too long assumed that they know what their customers wanted rather than taking the pains to find out from them what they actually needed. Patience Saghana who was at the 36th...

Lagos Seals Five Firms Over Tax Evasion.
June 1, 2009... The Lagos State Internal Revenue Service (LIRS) has sealed-off premises of five companies for allegedly evading tax to the tune of over N100 million. The News Agency of Nigeria (NAN) reports that the companies were sealed for not remitting...

Why 'Civil War' Broke Out in PDP During Our Time - Chief Ojo Maduekwe.
June 1, 2009... Byline: Ochereome Nnanna Former Secretary of the ruling People's Democratic Party (PDP), for-mer Minister of Transport and current Minister of Foreign Affairs, Chief Ojo Maduekwe spoke to Ochereome Nnanna on issues of national interest...

Skye Bank Advances Innovation in E-Payment Channels.
June 1, 2009... Byline: Michael Eboh In furtherance of its determination to provide world class and cutting edge services to its vast majority of customers, Skye Bank Plc has introduced an advancement in its electronic payment solutions, with the launch of...

Nimet to Cut Weather-Induced Air Mishaps By 100 Percent Next Year - Minister.
June 1, 2009... Byline: Luka Binniyat The Minister of Aviation has affirmed that weather-related factors are responsible for 30 to 35% of all known aviation accidents in Nigeria. He however, said that with the ongoing procurement and installation of six...

FMBN Disburses N41.96 Billion, Seeks Recapitalisation.
June 1, 2009... Byline: Yinka Kolawole The Federal Mortgage Bank of Nigeria (FMBN) has disbursed a total of N41, 958,756,434 to primary mortgage institutions (PMIs) and estate developers, representing about 52.8 per cent of the N79, 515,416,273 approved for...

Mobil Plans Towards Deregulated Downstream Sector.
June 1, 2009... Byline: Victor Ahiuma-Young THE Management of Mobil Oil Nigeria (MON) Plc, says they want to see MON in future as a profitable and resilient organisation able to compete effectively in a fully deregulated downstream industry. ...

Lafarge, Stanbic IBTC, Others Seal N45 Billion Deal.
June 1, 2009... Byline: Peter Egwuatu Lafarge Cement WAPCO Nigeria Plc last week signed a 225 million (N45 billion) syndicated underwritten multi currency medium term facility through which the company intends to expand its Ewekoro Plant (the Lakatabu...

Small Holder Farmers to Benefit From U.S. $150 Billion Market for Farm Produce.
June 1, 2009... Byline: Jimoh Babatunde Seven out of ten Africans earn their living by farming. According to researchers, the market for milk, meat, and staple food crops like maize, banana, sorghum, rice and millet within Africa is estimated at USD$150...

AFDB Approves $66 Million for West African Submarine Optic Fibre Cable.
June 1, 2009... THE Board of Directors of the African Development Bank Group (AfDB) has approved financing of $66 million towards the Main One Cable Company for developing a submarine fiber optic cable connection along the West African coast. With this...

Intercontinental Bank Spends N1 Billion on Education.
June 1, 2009... Byline: Yinka Kolawole Intercontinental Bank Plc, as part of its corporate social responsibility (CSR), has expended more than N1 billion on educational development projects in the last five years. Group Chief Executive, Intercontinental...

IBM Introduces Smarter Planet Initiative.
June 1, 2009... Byline: Princewill Ekwujuru IBM has introduced its Smarter Planet initiative product into the Nigerian market. Accordingly, IBM said her vision is to help build intelligent, resilient, cost and energy efficient businesses and public...

Tackling Benin's Flood.
June 1, 2009... TWO heavy downpours, a Saturday evening, a month ago, brought Benin City to a standstill. The flood devastated houses in every direction. People stood in the hip-high, fast-flowing murky water. Vehicles were submerged. Unemployed young men...

Oil Spill Ravages Slyva's Home Town.
June 1, 2009... Byline: Samuel Oyadongha The coastal town of Okpoama, home town of Governor Timipre Sylva, on the Atlantic fringe in the Brass local government area of Bayelsa State has been hit by oil spill. Okpoama, a fishing settlement, is host to the...

Itsekiri Youths Apologise to Vice-President, Ijaw Leaders.
June 1, 2009... Byline: Daniel Gumm THE National President of Itsekiri National Youths Council (INYC), Mr. David Tonwe, has dissociated the leadership and the entire Itsekiri youths body from an interview granted by Mr. Ayiri Emami. Speaking to Vanguard...