Monthly Archives: November 2011

Jenni "JWoww" Farley: Fragrance Launch Foxy

Posted Wednesday November 30, 2011 6:56 PM GMT Kicking off her promotional blitz, Jenni “JWoww” Farley gave press to her new namesake fragrance at a Kmart in New York City this afternoon (November 30). Known for her uber-sexy style, the "Jersey Shore" starlet dressed in a black knit sweater and over-the-knee black leather boots as she posed with her latest product

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Banking distress can’t be ruled out – NDIC

By AMAKA ABAYOMI Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, has said banking distress can not be ruled out in the sector despite efforts of regulators to stem banks’ distress. In his welcome address at the 2011 annual seminar for financial journalists holding in Dutse, Jigawa State, Ibrahim said it would be difficult for any regulator anywhere in the world to accurately predict the time another bank failure or crisis might occur, stressing that efforts are being made by the Corporation to stem any bank failure. He pointed out that there is new trend in the world financial system called Globally Significantly Important Financial Institutions (GSIFS) targeted at protecting the big banks from failing, stressing that the NDIC is working to ensure that even if any of the bank banks fail in the country, it would not lead to systemic failure

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AFROBEAT LEGEND FEMI KUTI GRABS THIRD GRAMMY AWARD NOMINATION

Afrobeat singer Femi Kuti has been nominated at the 54th edition of the prestigious Grammy Awards. Femi picked up his third ever nomination in the World Music Category for his ‘Africa for Africa‘ album last night Wednesday, November 30, 2011 when the list was unveiled at the ‘Grammy Nominations Concert Live!!‘ in Los Angeles, US.

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IHS to raise N32bn for expansion

By Michael Eboh & Favour Agbi Telecommunication infrastructure provider, IHS Nigeria Plc has announced plans to raise about N32 billion ($200 million) from the capital market to finance its expansion across the African continent within the next one year. The company is also considering a secondary listing on an overseas stock exchange in addition to its current listing on the Nigerian Stock Exchange, NSE. To this end, the company has appointed Citibank to raise the extra equity it needs to expand its operation beyond Nigeria

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Tribunal: Tinubu has no case to answer

Former Lagos Governor Bola Ahmed Tinubu’s integrity remained intact yesterday, with the Code of Conduct Tribunal freeing him of the three-count charge brought by the Code of Conduct Bureau (CCB). The National Leader of the Action Congress of Nigeria (ACN) was charged with allegedly operating foreign accounts while in office. Tribunal Chairman Justice Danladi Umar said the charge constituted an abuse of court process, judging by the manner the prosecution withdrew it and filed an amended charge

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Reps okay N98b for Jonathan

The House of Representatives yesterday did a surprising volte-face to pass the controversial N98.4 billion virement requested by President Goodluck Jonathan,. The House had stood the virement down on October 30 on the premise that it was fraudulent, coming just a few months to the end of the fiscal year. However, the bill hurriedly passed through second reading on the floor of the House after a one hour closed session by the members amid allegations that the lawmakers received N2 billion from the Presidency to pass it.

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