BUSINESS

Burnt votes and an election recount might plunge Iraq into crisis

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
Voters’ wishes to ashes WHAT would politicians the world over like to do when they lose an election? Annul the results and burn the ballots, of course. In Iraq such dreams come true. On June 6th outgoing MPs voted to hold a recount of Iraq’s election and sack the head of the electoral commission. They were furious that a populist Shia cleric, Muqtada al-Sadr, won the poll, held in May. Then, on June 10th, a warehouse in Baghdad containing a million ballots went up in flames. Firefighters claim to have saved most of them, but the equipment for counting the votes was destroyed. Weary of the democratic process, Mr Sadr and his rivals are again readying their militias. An arms cache that exploded under a mosque in Mr Sadr’s Baghdad stronghold killed about 20 residents and brought his militi

Why Arab states have lots of expensive villas

african inspired, BUSINESS, News, Newspaper, NIGERIA, Nigerian News, Nigerian state programs, wazobia companies
THE billboards almost seem to taunt motorists crawling through traffic below. They hawk luxurious town houses and villas with sumptuous pools in compounds that sound like Californian suburbs: Palm Hills, Eastown, Allegria. “Welcome to the greener side of life,” oozes one sign. But this is not California. It is Cairo, Egypt’s chaotic and crowded capital. The road is lined with endless rows of ramshackle redbrick buildings. Most are unfinished, their innards exposed, steel bars poking from the rooftops. The greener side of life is many kilometres away. The drive along Cairo’s ring road is one sign of a paradoxical problem. Egypt has both a building boom and a housing shortage. At the high end, business is roaring. Developers are building tens of thousands of homes in upscale compounds, dr

Of 100 African football officials offered cash, only three declined

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“FOR shopping,” says a man, laying $65,000 on a table. “Thank you,” says Kwesi Nyantakyi, the president of the Ghana Football Association, scooping it into a plastic bag. The bribe was a set-up, secretly filmed for a documentary by Anas Aremeyaw Anas, an undercover journalist. So was a sponsorship deal which Mr Nyantakyi appears to negotiate, taking a cut through his own private company. The film-makers offered money to more than 100 mostly west African football officials, including a Kenyan referee due to officiate at this month’s World Cup. Only three declined. The revelations have thrown Ghanaian football into turmoil. Mr Nyantakyi, who denies wrongdoing, has resigned. Domestic matches have been suspended indefinitely. On June 7th the government said it would dissolve the football as

Entries for 10th Edition of Nigerian Breweries Golden Pen Awards opens

BUSINESS
Entries for the 10th edition of Nigerian Breweries Golden Pen Awards got underway on Wednesday, 13 June 2018 as the company began accepting applications from participants. According to the company, entries for the awards will end on Friday 13 July 2018. Speaking to the media at the award flag-off, Nigerian Breweries Corporate Affairs Adviser, Kufre Ekanem, said the Golden Pen Awards, which honours journalists who abide by the ethics of the profession has impacted the role of the press in the socio-economic development of the country. Ekanem said that the company is again directing the attention of the Nigerian media to the area of agriculture, local sourcing and industrial development to make the country achieve its full potential as a self-reliant and developed country with a diversified ...

Int’l Breweries restructures its board; appoints new Chairman, Managing Director, others

BUSINESS
International Breweries Plc (“IB Plc”), the Nigerian unit of Belgian brewer AB InBev announced on Tuesday the restructuring of its Board of Directors to reflect the merged entity of Intafact Beverages Limited, Pabod Breweries Limited and IB Plc. The Board at its meeting of 11 June, 2018 appointment his Royal Majesty, Igwe Nnaemeka Alfred Achebe CFR, MNI as the new Chairman of its Board of Directors, replacing Mr. Sunday Omole who recently stepped down as chairman of the Board following the merger of the three companies. However, Mr. Omole will remain on the board as a non-executive director along with Mr. Gbenga Awomolo. According to a statement by the company, His Majesty Nnaemeka A. Achebe, Obi of Onitsha, had a 30-year career with the Royal Dutch Shell Petroleum Group of Companies in Ni

Niger State Government issues blanket ban of sale and consumption of alcohol

BUSINESS
The Niger State government has withdrawn licenses issued to liquor dealers in the state because of what it describes as the refusal of liquor dealers to follow guidelines set by the government for the sale of liquor. The Niger State Liquor Licensing Board, the body that regulates sale and consumption of alcohol announced the outright ban in a statement signed by its chairman, Malam Muhammad Shafii. Shafii said liquor vendors caught contravening the order would be arrested and prosecuted. Niger State, located in the Northwest of Nigeria introduced Sharia legal system in the year 2000 under which sale and consumption of alcohol and related beverages was restricted to areas of major towns and cities in the state, and must be eight kilometers from the town. But on Monday, the State Government ...

Niger State Government issues blanket ban on sale and consumption of alcohol

BUSINESS
The Niger State government has withdrawn licenses issued to liquor dealers in the state because of what it describes as the refusal of liquor dealers to follow guidelines set by the government for the sale of liquor. The Niger State Liquor Licensing Board, the body that regulates sale and consumption of alcohol announced the outright ban in a statement signed by its chairman, Malam Muhammad Shafii. Shafii said liquor vendors caught contravening the order would be arrested and prosecuted. Niger State, located in the Northwest of Nigeria introduced Sharia legal system in the year 2000 under which sale and consumption of alcohol and related beverages was restricted to areas of major towns and cities in the state, and must be eight kilometers from the town. But on Monday, the State Government ...