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  Buy Property in Dubai, Prices Affordable NOW

  A leading property developer in Dubai, Damac Properties, is developing an ultra-modern luxury high-rise (90 floors) residential tower in the Dubai marina. The project is located next to the Marina Walk and facing the Palm Jumeirah and...

  • Posted January 12, 2012
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  Central Bank Auctions $ 172 Million, All Share Index Down Marginally

  The Central Bank sold $172 million in its bi-weekly currency auction yesterday, short of the $200 million it had announced was available on its website. The shortfall is due to a lull in demand due to the...

  • Posted January 12, 2012
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  Oil Prices Up on Nigeria Strike Concerns, Iran Tension

  Crude Oil prices shot up yesterday due to a statement issued by the head of PENGASSAN, Mr. Babatunde Ogun. Also concerns on Iran-West tensions are on the increase after an Iranian nuclear scientist was assassinated in a...

  • Posted January 12, 2012
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  International Fuel Trade “Mafias” Behind failure of Refineries – Femi Otedola

  According to leaked United States diplomatic cables, the fraud associated with the cabal that has brought Nigeria’s fuel subsidy system to its knees has been ongoing for close to a decade and has remained virtually unchecked. The...

  • Posted January 12, 2012
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  Oil Production Platforms Shutdown: PENGASSAN Issues Red Alert

  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has directed all oil production platforms to be on red alert in preparation for total production shutdown. In a statement issued in the past hour, the...

  • Posted January 11, 2012
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  Seven Countries Where Facebook Isn’t The Most Popular Social Network

  Facebook is on its way to global domination, but there are still seven major markets where it is not the leading social network, according to a new report from comScore. Here’s a look at those seven other markets : Brazil...

  • Posted January 11, 2012
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  Twitter lashed out at Google changes, We are a bit surprised says Google

  Twitter, a microblogging service that allows its users to broadcast short, 140-character messages to groups of “followers,” said Google’s changes would make it tougher for people to find the breaking news often shared by users of its...

  • Posted January 11, 2012
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  Mafia now “Italy’s No.1 bank” as crisis bites: report

  (Reuters) – Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report...

  • Posted January 11, 2012
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  Air Nigeria to take delivery of New Aircraft, Re-commence London and other Routes

  Air Nigeria has announced plans to take delivery of 4 new aircraft valued at N 45 Billion ($ 280 million). According to Kinfe Kahssaye, CEO of Air Nigeria, the company plans to two Airbus A330-200 and two...

  • Posted January 11, 2012
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  Nigerian Strike Drive Cocoa Prices to Highest in 11 years

  The ongoing labour strike in Nigeria has contributed to drive the price of Cocoa to highs not seen in 11 years. Government processing offices that usually grade Cocoa before export are closed as a result of the...

  • Posted January 11, 2012
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  Hedge Funds battle IMF on Greek Sovereign Debt Position

  Powerful financial institutions known as Hedge Funds are taking a defiant stand against the International Monetary Fund in order to protect their financial investment positions in Greek sovereign debt as the EuroZone crisis lingers. As part of...

  • Posted January 11, 2012
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  Senate calls on Presidency to Temporarily Reinstate Fuel Subsidy

  Senators have unified with the Representatives in calling for President Jonathan and the executive to temporarily reverse the pump price of petrol back to N 65. During a closed door session yesterday, quite unlike the transparent session...

  • Posted January 11, 2012
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  Nigerian Stock Exchange Watch: Market Records Consecutive Day Gain During Strike

  The bears appear to have been driven away from the market as a result of the nationwide strike as the Nigerian Stock Exchange has gained for the second consecutive day.  The All Share Index (ASI) gained 0.50%...

  • Posted January 10, 2012
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  82% of Nigerians Do Not Support Fuel Subsidy Removal Policy – Poll

  According to a poll conducted by BusinessNews, 82% of Nigerians do not support President Jonathan’s decision to remove fuel subsidy, believing it was the wrong decision. Respondents to the survey came from diverse locations including Norway, Sudan,...

  • Posted January 10, 2012
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