Headline News

The authorities of the National Emergency Management Agency (NEMA) yesterday said the Flight Data Recorder (FDR) and the Cockpit Recorder (CPR) also known as the "black box" of the crashed Wings Aviation aircraft are yet to be located by the search team.

Crisis rocking Wema Bank Plc yesterday deepened with the sack and arrest of its returnee group managing director (GMD), Mr. Adebisi Omoyeni by the police.

People can ‘fly’ to some of the world’s most dramatic environmental hotspots courtesy of the UN Environment Programme (UNEP)’s innovative use of the popular mapping tool Google Earth.

Over the past two days, this newspaper carried reports to the effect that Parliamentary Village, where our legislators lodge and the National Assembly are falling apart.

In what appears to be an improvement on its all too familiar dismal performance, the Power Holding Company of Nigeria (PHCN) has reportedly increased electricity generation to 3,300 megawatts. This is also said to have positively impacted on power supply in some parts of the country. But, considering the enormity of its unaccomplished tasks, rolling out the drums now would be missing the point.

U.S. documentary filmmaker Andrew Berends was filming women going to the market in a public waterside area of Port Harcourt, Nigeria, when he was detained by the Nigerian military, according to e-mails sent by the journalist to his editor. In the e-mails, which have been reviewed by the Committee to Protect Journalists, Berends said a sergeant had given him permission to film in the area.

Angolans vote in their first election in 16 years, following the end of the civil war, with chaotic scenes reported in the capital.

Since June, households where kerosene is the source of fuel have been experiencing untold hardship in getting the product from major selling points across the country.

Malaysia sends three navy ships to the coast of Somalia to protect vessels from piracy.

THE Congress of South African Trade Unions (Cosatu) has warned that SA should brace itself for another round of strikes over increases in the price of electricity.

RESERVE Bank Governor Tito Mboweni was awarded a 28% pay rise in the year to April -- four times the upper end of SA's official 3%-6% inflation target -- the Bank said yesterday.

SA's current account deficit narrowed in the second quarter of this year as mineral exports climbed, but the respite is likely to prove temporary - keeping the rand under pressure.

PROPOSALS that could result in the ruling ANC's unions and communist alliance partners being given the right to name ANC candidates for next year's elections are a clear measure of the danger the country faces should Jacob Zuma ever become head of state.

THE Congress of South African Trade Unions (Cosatu) has unveiled a battle plan to have African National Congress (ANC) president Jacob Zuma's fraud charges dropped.

ALTHOUGH the Reserve Bank kept interest rates on hold last month, this has brought little relief to the embattled residential property market with the latest data showing real house prices dropping 9,6% year on year in July, the biggest real price drop in almost 16 years.

IT SHOULDN'T come as too much of a surprise that the budget surplus that Finance Minister Trevor Manuel had pencilled in for the next fiscal year is no longer expected to materialise.

IF THE looming potential of a turnaround in Zimbabwe's economy becomes reality, as is probable, it would transform the economy of the entire Southern African Development Community (SADC) region, says scenario planner Clem Sunter.

PETROCHEMICALS group Sasol had reduced its interest in the Escravos natural gas-to-liquids project in Nigeria, from 37,5% to 10%, the company said yesterday.

GOLD Reef Resorts, the casino company, was forced to withdraw its ordinary resolution to reward executives with vastly discounted shares at its annual general meeting (AGM) late on Wednesday.

Conflict comes closer to DR Congo's gorilla park