Latest News
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Uche Ezechukwu: Okonjo-Iweala’s ‘Unreformable’ Nigeria
It was fortuitous that I came across a copy of the new book authored and publicly presented by the Coordinating Minister of the Economy and the minster of finance, two weeks ago. Dr. Ngozi Okonjo-Iweala launched her...
- Posted November 12, 2012
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Dana crash: Insurers pay N373m to 79 relatives
Five months after a Dana Air plane crashed in Lagos and left 153 passengers and crew members dead, the airline’s insurers have paid $2.37m (N373.04m) claims to relatives of the deceased. The Managing Director, Prestige Assurance, Mr....
- Posted November 12, 2012
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NLC to Protest Sokoto Governor Wamakko’s Assault on PHCN Employees
Public services will soon be shut down in Sokoto as the Nigeria Labour Congress has threatened to embark on a strike in order to protest the recent activities of Sokoto Governor Aliyu Wamakko. Wamakko, a few weeks ago,...
- Posted November 12, 2012
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Skyfall $87.8 Million in North American Opening Week Sales, Record for Bond Film
“Skyfall,” the latest James Bond film and the third starring Daniel Craig, led the U.S. and Canadian box office with a franchise-record $87.8 million in ticket sales for Sony Corp. and Metro-Goldwyn-Mayer Inc. Steven Spielberg’s “Lincoln,” from the director’s DreamWorks...
- Posted November 12, 2012
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Ribadu Task Force Finds NNPC “Not Guilty” of Non-remission of Crude Receipts
The Nigeria National Petroleum Corporation (NNPC) has been cleared of allegations of non-remission of crude oil sales as at when due by the Ribadu Task Force Report. The report was submitted to President Goodluck Jonathan last week...
- Posted November 12, 2012
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US on verge of Political Economic Deal to avoid Fiscal Cliff
Republican Senator Bob Corker has voiced confidence that the Obama Administration and the Congressional members can reach a deal on a strategic economic path America should take to avoid the dreaded fiscal cliff before the end of the...
- Posted November 12, 2012
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Apple and HTC settle lawsuit
Two of the World’s leading phones and tablet makers Apple Inc of the United States of America and the HTC company of Taiwan have amicably settled their disputes in their ‘patent wars’, and have also signed a 10-year licence agreement that...
- Posted November 12, 2012
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Oil Wells: Bayelsa State, Others to Refund N17.5 billion to Rivers
The Federal Government has ordered seven states to refund N17.5 billion to Rivers State following a chain of controversies over the ownership of some wells involving Rivers and Bayelsa States. The affected states are Akwa Ibom, Delta,...
- Posted November 12, 2012
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Shell Shuts in 25,000 Barrels Over Crude Theft
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) has shut down the Imo River Trunk line in its Eastern operations after several crude theft points were found on it. The production of 25,000 barrels of oil...
- Posted November 12, 2012
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Agbaje urges Nigerians to explore the Knowledge Based Economy
Speaking at the session on Knowledge economy at the Just concluded Kuramo Conference 2012 at the Eko Hotel, Strategic Policy consultant Dr Opeyemi Agbaje who is also in the board of the Businessday Newspapers stated that the...
- Posted November 12, 2012
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Wema Bank Plans Return to National Bank Position
Wema Bank has announced plans to return to national bank status by December 2012. The bank announced its plans to reapply for National Banking License in view of a proposed tier 1-capital injection of around N35 billion...
- Posted November 12, 2012
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Lagos Announced As First African City To Host Social Media Week
Social Media Week Lagos (SMW Lagos) co-produced by Dragon Africa and AFRIKA21 debuts in Lagos, Nigeria February 18 – 22, 2013. Entering is 5th year in 2013; Social Media Week is a worldwide event. Taking place in 11 cities...
- Posted November 12, 2012
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Property Business In Nigeria: An Interview with Oluwafemi Taiwo, CEO of PrivateProperty
Private Property is Nigeria’s number one property website. Within a short period, the company has risen to become the place for Nigeria home movers to find details of properties available to buy or rent. In this interview...
- Posted November 10, 2012
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Cold war in President Jonathan’s cabinet over subsidy probe
Investigations have revealed that the ongoing probe by the EFCC has caused a division in the Federal Executive Council (FEC) following the indictment of some oil marketers. Although the procedure is done by the Presidential Committee on...
- Posted November 10, 2012