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  • Blackberry CEOs Jim Balsillie and Mike Lazaridis Step Down

    Research In Motions’s co-CEOs Jim Balsillie and Mike Lazaridis are stepping down as CEOs, and COO Thorsten Heins will take over. In an interview with the Globe and Mail, Heins said of RIM, “It’s a fantastic growth story and it’s not coming...

    • Posted January 23, 2012
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  • Poll on Cashless Policy: Vote and Win 5k Naira Voucher

    Vote, Comment and Win Vote and Comment on the Poll below for a chance to win 5000 Naira Voucher to a network of your choice. If you invite a winner, you and the winner will get 2,500...

    • Posted January 23, 2012
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  • CASHLESS SOCIETY: Lessons From Subsidy Removal Strike

    For some months now, the CBN has been trying to sensitize Nigerians about the benefits of a cashless society. The programme was supposed to have kicked off on the 1st of January in Lagos. However, Goodluck’s subsidy...

    • Posted January 23, 2012
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  • As Security Agents scamper for safety, Could Lagos be the next Kano?

    Kano was unprepared for the attack, is Lagos any more prepared? We heard the revelations of security agents scaling fences, and scampering for safety, even the Assistant Inspector General of Police in charge of Zone 1 was...

    • Posted January 23, 2012
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  • Cashlite Nigeria: UBA to Deploy 30,000 POS Terminals by Year End

    In furtherance of the cashlite policy of the Cental Bank of Nigeria, banks and telecommunications companies have already started boosting and promoting their products and services in this regards. UBA for instance recently disclosed that it has...

    • Posted January 23, 2012
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  • Refineries to Operate at 90% Capacity in 2013 – NNPC Boss

    The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) has stated that Nigeria’s refineries will achieve 90% capacity in 2013. The GMD stated that a schedule was already in place to facilitate for the Turn...

    • Posted January 23, 2012
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  • FG to Generate 6,600 Mega Watts in 2012 – Nnaji

    According to the minister of Power, Professor Barth Nnaji, Nigeria will generate 6,600 Mega Watts of Electricity in 2012. Speaking at the opening of the Nigerian Power Sector Retreat in Abuja, the minister disclosed that one of...

    • Posted January 23, 2012
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  • CBN Announces Incentives to Nigerians on Cashless Policy

    The Central Bank has announced plans to incentivize Nigerians to embrace e-payment methods. The apex bank disclosed in a statement released Friday, that customers will not incur any service charges for using Point of Sales (POS) terminals....

    • Posted January 23, 2012
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  • Fed Drops Bomb on Megaupload, Assets Seizure Pictures etc

    The media spotlight on the internet company Megaupload by the International media has been significant for a reason. The FBI has charged seven people and two corporations associated with the site, Megaupload with copyright infringement. According to...

    • Posted January 21, 2012
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  • Nigerian Stock Exchange: Market Sustains Further Losses into Weekend

    The Nigerian Stock Exchange succumbed to further sell-side pressure as the bears caused the Index to drop 0.44%. The market capitalization of the bourse also reduced by a similar margin and it currently stands at N 6.56...

    • Posted January 20, 2012
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  • Bacon’s Nude Model May Fetch $30 Million

    A 1963 female nude by Francis Bacon may raise as much as $30 million at an auction next month. Bacon’s sexually charged “Portrait of Henrietta Moraes,” showing one of his favorite models sprawled across a bed, has a formally...

    • Posted January 20, 2012
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  • New Electricity Tariffs Coming Next Month

    As part of the ongoing reform in the power sector, a new electricity tariff, which targets an increase of between 50 and 100 per cent to the current tariff, will be out by next month, contrary to...

    • Posted January 20, 2012
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  • Goldman Sachs Employees Share 8 Billion Sterling in Bonuses, Down from Last year

    Goldman Sachs‘ total pay packet including bonuses was 21 per cent lower than in 2010, with staff earning an average of £239,000 each. However, the American investment bank, which employs 33,300 people, 5,300 in the UK, saw...

    • Posted January 20, 2012
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  • Sectorial Breakdown of Losses Strike Caused the Economy -National Bureau of Statistics

    The National Bureau of Statistics released an in-depth report on its website in order to account for the losses the Nigerian economy experienced during the nationwide strike that lasted just over a week. According to the NBS,...

    • Posted January 20, 2012
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