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  • The Foreign Airlines Swindle

    Recently British Airways was invited to answer charges of fare price fixing but it would seem nothing has improved as these foreign airlines continue swindling Nigerians. If we recalled very well BA was compelled to refund to...

    • Posted December 5, 2011
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  • Private Refineries, Where are the refined products?

    Sometimes I just can’t understand why the refineries, government-owned wouldn’t work? From the days of long queues to these days of fuel subsidy removal threat, the private refineries are just stuck with a worthless license. For whatever...

    • Posted December 5, 2011
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  • Petroleum Industry Bill Soon To Be Reintroduced In Senate

    Senate Chairman of the Committee on Petroleum (Upstream) has stated that the Petroleum Industry Bill (PIB) would soon be reintroduced to the House of Assembly for passage. Speaking with journalists in Abuja over the weekend, Senator Emmanuel...

    • Posted December 5, 2011
    • 0
  • President Goodluck Jonathan
    FG sets up panel to appraise $235m fine against BA and Virgin Atlantic

    The last may not have been heard of the British Airways (BA) and Virgin Atlantic Airways (VAA) price-fixing imbroglio as the Federal Government, at the weekend, constituted an administrative appeal panel to appraise the $235 million fine...

    • Posted December 5, 2011
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  • AMCON Intervention is the Biggest Fraud in History – ISAN

    The Asset Management Company of Nigeria (AMCON), set up to wipe toxic loans off the balance sheets of banks has been described as the biggest fraud in the history of the nation’s financial sector by the Independent Shareholders...

    • Posted December 5, 2011
    • 1
  • Spotlight on Africa

    Her $3 billion fortune makes Oprah Winfrey the wealthiest black person in America, a position she has held for years. But she is no longer the richest black person in the world. That honour now goes to...

    • Posted December 4, 2011
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  • How Your Mobile Phone Is Spying On You

    If you’ve set up a new mobile phone recently, you were likely prompted with an innocent-sounding request for your “usage information.” The phone probably assured you that it would collect your data “anonymously,” and that it would...

    • Posted December 4, 2011
    • 1
  • Singaporean Firm, Olam International, to Inject FDI of N 7.8 Billion for Rice Production

    Olam International Limited (“Olam” or “the Company”), a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, today announced  that it would invest N 7.8 Billion (US$ 49.2 million) to set up...

    • Posted December 3, 2011
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  • Oil Subsidy Beneficiaries List, A Who is Who of Power Brokers in Nigerian Government

    This week, the Senate Joint Committee on Petroleum Resources (Downstream) released a list of the beneficiaries of the Oil Subsidy in the country. Prominent Nigerians, recipients of National awards and cabinet members featured on the list. Notably...

    • Posted December 3, 2011
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  • UBA’s Capital Restructuring Exercise Schedule Released

    Details pertinent to the schedule of the UBA capital restructuring exercise have surfaced. Shareholders should note that the shares of UBA will be placed ontechnical suspension on January 12, 2012. The new holding company will be listed...

    • Posted December 3, 2011
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