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  • Official MIH position on the closure of Kalahari in Nigeria and Kenya

    MIH Internet (Sub-Saharan Africa) advised that, following a strategic review of its investment priorities, it will be closing down the Kalahari Kenya and Kalahari Nigeria operations with immediate effect. MIH launched online retail services in Kenya and Nigeria under the...

    • Posted October 27, 2011
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  • Sanusi Wants More Money For AMCON

    Governor of the Central Bank of Nigeria (CBN) Sanusi Lamido Sanusi has asked the Senate to expedite action on the amendment of the Asset Management Corporation of Nigeria (AMCON) Act which would raise the intervention fund from...

    • Posted October 26, 2011
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  • Enugu State plans to build $1.6b monorail line

    The Enugu State government has announced plans to build a 117 Kilometre-long monorail line. During the presentation of the project to the Urban Development Bank of Nigeria (UDBN) Plc. in Abuja, the State Governor, Sullivan Chime revealed...

    • Posted October 26, 2011
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  • All Share Index Gains Second Consecutive Day

    On the back of a strong outing by the banking sector, the All Share Index gained 49 basis points today closing at 20,376.73. The Index is on a two day gaining streak. Top-tier banks Zenith Bank, UBA...

    • Posted October 26, 2011
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  • Oando Reports Impressive 3Q Numbers, Floors Analysts Estimates

    Oando Plc, the golden child of the Nigerian indigenous Oil and gas sector released its unaudited 3Q statements earlier this week. Turnover for the 9 months period has been significant at $ 2.5 Billion USD (NGN 392...

    • Posted October 26, 2011
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  • Eurozone Crisis: Sarkozy Proves EU Not Too Proud To Beg, Asks Cameron To Shut Up

    The President of France, Nicolas Sarkozy, Plans to call the Chinese Premier a day ahead of the visit of the European Financial Stability Facility’s (EFSF) trip to the Asian Tiger Giant. According to Bloomberg, Laus Regling, head...

    • Posted October 26, 2011
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  • Lifestyle: Porn Is Ruining The Sex Lives Of An Entire Generation – Psychology Today

    Young men in their 20s apparently have no groove in bed — and it’s all because they’re addicted to pornography, according to a report in Psychology Today. But the problem is much more serious than simply either being...

    • Posted October 26, 2011
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  • Transcorp Appoints Obinna Ufudo as Chief Executive

    Transcorp., a Nigerian company with interests in hotels, agriculture and oil, named Obinna Ufudo as its chief executive officer with immediate effect. The company, based in Lagos, also appointed Chibundu Edozie to its board of directors, according...

    • Posted October 25, 2011
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  • Sparkle Energy to build $10 billion 4000 Gas-fired Power Plant

    Federal government’s bid to ensure regular power supply has received a boost as Sparkle Energy has said it planned  to build a $10 billion 4000 Gas-fired Power Plant called Sparkle Power Plant, which is to become the...

    • Posted October 25, 2011
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  • Google expanding operations in Nigeria, plans to hire

    Google says it is hiring in Nigeria and working with the government, businesses and universities to expand Internet access in Africa’s most populous nation. The Mountain View company wants to tap unmet demand in the West African...

    • Posted October 25, 2011
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  • US Supreme Court to hear Nigeria-Shell rights case

    The US Supreme Court said Monday it will consider a lawsuit accusing Royal Dutch Shell of human rights abuses, a case that could make companies liable for torture or genocide committed overseas. The plaintiffs, relatives, of seven Nigerians...

    • Posted October 25, 2011
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  • All Share Index Records Marginal Gains

    The All Share Index inched up marginally by 0.11% erasing yesterdays losses and closing the Index YTD numbers at 20,278.16. Transcorp announced the appointment of a new CEO, Mr. Obinna Ufudo, formerly of HEIRS holding and a...

    • Posted October 25, 2011
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  • Mira Resources Commences Operations at Tom Shot Bank

    Mira Resources Corp.  and its wholly owned subsidiary Equinox TSB Development (Nigeria) Limited are pleased to announce that they have commenced operations at Tom Shot Bank Field. Mira accepted the Ben Avon Jack Up Rig (the “Rig”) on October...

    • Posted October 25, 2011
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  • Sean Parker: Agent Of Disruption (FORBES)

    Pointed toward his 18-acre compound in Marin County, Sean Parker rips through the night fog on the Golden Gate Bridge in a stealthy Audi S6 that masks a Lamborghini engine, one pale hand on the wheel, the...

    • Posted October 25, 2011
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