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Zambia to boost Congo’s exports to $2billion
Zambia to boost Congo’s exports to $2billion
Zambia plans to
boost its exports to the Democratic Republic of Congo to more than $2
billion this year from $1.2 billion in 2009, taking advantage of the
flexible trade terms, Trade Minister Felix Mutati said on Thursday.
Mr. Mutati said
exports to the DRC, Zambia’s largest trading partner in the African
trading bloc COMESA, had continued to increase because there were no
restrictions on goods it could export to its neighbour.
“The advantage of the DR Congo is that the range of exports is from
agricultural products through to processed items, machinery and
literally anything we can produce in Zambia,” he said at a media
briefing.
Stock Exchange website is dead
Stock Exchange website is dead
The Nigerian Stock
Exchange has said that there is no definite time frame for the
restoration of its website that has not been functioning for about two
weeks.
The website of the
Nigerian Stock Exchange has been down for about two weeks and
subscribers are getting irritated as information can no longer be
accessed online. In an age where bourses across the globe are
increasing their usage of technology, the exchange website cannot be
accessed leaving investors and customers helpless in relying on the
website to make important decisions. The customer care service official
who spoke on the issue without disclosing her name, on phone, said she
does not know when the website would come back. “I do not have the
information on when the website would be available and made accessible
for public use,” she said. “It would be ready soon. We are working to
bring it up soon.”
The page that comes on in place of the website’s home page states
that the website is undergoing an upgrade. “This site
www.nigerianstockexchange.com is currently undergoing an upgrade. The
site is scheduled to come up very soon. We regret any inconveniences
this may have caused you. Thank you. Management.” A broker who spoke
under anonymity, however, downplayed the website malfunction saying,
“We use the Central Security and Clearing System (CSCS) more for our
operations than the NSE website, but it is still necessary for the
image of the exchange that the site come up quickly.” The Nigerian
Stock Exchange (NSE) was established in 1960. All listings are included
in the only index, the Nigerian Stock Exchange All Shares Index. The
Exchange has an Automated Trading System and data on listed companies’
performances are published daily, weekly, monthly, quarterly and
annually.
Workers give ultimatum on monetisation
Workers give ultimatum on monetisation
Electricity workers, on Thursday, gave the Federal Government a 14-day
ultimatum to pay the arrears of their monetised benefits. The workers,
under the aegis of the Senior Staff Association of Electricity and
Allied Companies (SSAEAC), and the National Union of Electricity
Employees (NUEE), gave the ultimatum in a statement, in Lagos, signed
by SSAEAC’s President, Bede Opara, and NUEE’s General Secretary, Joe
Ajaero. They threatened to throw the country into total darkness if at
the end of the ultimatum the government failed to settle the arrears.
“If by July 25 the government and the management of PHCN fails to
address all the three issues, we will shut down electricity supply
nationwide,” stated the workers.
AC to unveil Jonathan’s opponent
AC to unveil Jonathan’s opponent
The leadership of the Action Congress (AC) has said
the party will field a strong candidate against President Goodluck
Jonathan if the ruling Peoples Democratic Party (PDP) fields him as its
candidate. The party however refused to comment on whether Nuhu Ribadu,
former anti-graft czar, was a primary contender for its presidential
ticket.
A guarded affair
The National Chairman of the party, Bisi Akande, who
addressed the press in Abuja yesterday, said that the PDP has again
foisted another crisis on the country as a result of its zoning
arrangement. He also accused Mr. Jonathan of being too “inconsistent.”
Mr. Akande said that the AC has closely watched as the PDP has tried to
elevate the internal problem within the party to the level of national
discourse. “It has become an unnecessary distraction,” he said. The
ruling party, he remarked, is being pushed by a large pool of confusion
that may rapidly swell into “the abyss of destabilization, disunity and
abject poverty.” He added that the PDP has allowed the daunting
challenges of unemployment, poverty and security challenges to go
unchecked. Instead, he said, it has shifted its focus on where the
presidency should be zoned to.
Mr. Akande did not directly address which AC party
members are likely to run for office but took another swipe at the PDP
by saying that zoning is not an issue. “We have 50 well qualified
presidential candidates drawn from various parts of the country, he
said. “We are out to encourage and persuade a younger generation of
Nigerians to seize the moment and fashion out creative and practicable
solutions to the myriads of problems facing the country.” Mr. Akande
added that good and capable hands abound across the country,
irrespective of geo-political location or ethnic background.
According to him, while the ruling party has stolen
enough and is presently fighting on sharing formula for the heist,
those of them in AC have set up a high level committee to go round the
entire country to consult widely on what should be their attitude to
the issue of geopolitical, religion and ethnic separateness. On the
rumoured merger between the Progressive People’s Alliance and PDP, he
disclosed that the AC face pressure to merge with other political
parties, associations, groups and individuals.
“We are keeping this in view with an aim of expanding membership
composition and renewing our thinking horizon about leadership roles
that would encompass inspiring a shared vision and keeping hope alive,”
he said.</
