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Nigeria: Vogts Arrives, Promises Better Days for Nigerian Soccer

New Super Eagles' Chief Coach Berti Vogts arrived Abuja yesterday and promised to help boost the fortunes of Nigerian football while stressing that he was starting work immediately.

The German coach, whose Lufthansa flight touched down at the Nnamdi Azikiwe International Airport a little after 4pm, was accompanied by the Nigeria Football Association (NFA) chairman, Alhaji Sani Lulu Abdullahi and FA Technical Committee head, Chief Taiwo Ogunjobi. Both men had gone to Germany last weekend to facilitate Vogts' arrival.

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Tension over ECB rate rises

The ECB's forecasts for growth and inflation are based on the premise that the bank's base lending-rate will rise by half a percentage point to 4 per cent during the course of the year. It last rose, to 3.5 per cent, in December.

Most economists expect a quarter-point rise on Thursday and many predict the ECB's governing council will decide a similar increase in May, June or July. A few observers even see rates hitting 4.25 per cent in the latter half of the year.

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GM says comeback is rolling

YOUNGSTOWN, Ohio -- General Motors, written off for nearly dead in 2005, says it is firmly on the comeback road thanks to the successful launch of new products and a painful reorganization program.

"At the end of the day, we will have the biggest turnaround in American corporate history," Mike Jackson, GM vice president for vehicle marketing and advertising, said yesterday at a media roundtable.

Earlier this month, GM posted a $950 million fourth-quarter profit, its second quarterly profit in two years. The company had a loss of $10.4 billion in 2005 and a $2 billion net loss overall in 2006.

GM, which sold about 9.09 million cars and trucks worldwide last year, has had to take some tough steps toward recovery. In 2005, the company announced it would eliminate 30,000 jobs at 12 facilities across the country by next year.

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No City cars for foremen on weekends

Several foremen employed by the City of Chateaugjuay were in the habit of retaining their City-owned vehicles on weekends even though they were not working. But City Council, directed by Mayor Sergio Pavone, has now put the brakes to this practice.

From now on, only foremen on watch duty to answer emergencies, such as an aqueduct break, will be able to use a City car on weekends, according to a new policy adopted by Chateauguay's elected officials on March 6.

"If a foreman is not on the job, he will have to leave his (or her) car with the municipality," Pavone emphasized.

Up to March 6, he recalled, the City had no policy regarding the use of its vehicles by its employees.

The measure is the result of fiscal considerations. When an employer furnishes a vehicle for an employee's own personal use, that represents a taxable benefit, the Mayor reminded.