All posts tagged "head"

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  80% of Nigerian Businesses Give Government Bribe – World Bank

  Statistics from a World Bank report indicate that 80% of Nigerian businesses offer bribes to government officials. The bank recently said Nigeria was the most attractive investment destination in Africa. However the investment assessment report also singled...

  • Posted August 14, 2012
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  Honeywell to Invest $1 billion in Power Projects

  The Honeywell Group, a Nigerian conglomerate with interests in manufacturing, energy, infrastructure, real estate, services and other sectors of the economy has concluded plans to invest $1 billion in power generation and transmission projects across the country....

  • Posted August 13, 2012
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  Petroleum Minister Summoned over N1.1 billion Contract Scam

  The House of Representatives has summoned the Minister of Petroleum, Diezani Madueke, and a contractor over a contract scam involving N 1.1 billion. The Petroleum Ministry awarded a contract in 2009 to a contractor to supply  a dive...

  • Posted August 12, 2012
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  U.S. Expresses Fears About Insecurity in Northern Nigeria

  The Unites States Secretary of State, Mrs. Hillary Clinton, has reiterated her country’s support for the Goodluck Jonathan administration’s reforms in Nigeria. Speaking during a meeting with President Jonathan at Aso Villa, the minister said the United...

  • Posted August 10, 2012
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  IFC Deploys $70 Million Capital to Diamond Bank

  The Washington D.C. based International Finance Corporation (IFC) has made US$70 million available to Diamond Bank at a rate just over 6%. The funds is an investment by IFC and takes the form of a convertible subordinated...

  • Posted August 9, 2012
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  Power Supply Hits Record 4327 MegaWatts

  The Federal Minister of Power, Barth Nnaji, has faced a lot of criticism as he is in charge of one of the most sensitive portfolio’s in President Jonathan’s cabinet. However Nnaji announced yesterday that Nigeria is currently...

  • Posted August 8, 2012
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  AMCON Appoints RenCap and Citi Bank as Advisers for Bridged Banks

  The Asset Management Corporation of Nigeria (AMCON) has appointed Renaissance Capital and CitiBank to act as advisers in the sale of the bridged banks rescued by the government agency. The three bridged banks are former Bank PHB,...

  • Posted August 7, 2012
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  Lekki Free Trade Zone Attracts N170 billion in Investment Commitments

  The Lekki Free Trade Zone has attracted N170 billion in investment commitments, according to the Federal Minister of Trade and Investments, Dr. Olusegun Aganga. The amount which is equivalent to $1.1 billion is to be invested by...

  • Posted August 6, 2012
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  EFCC Seizes N2 trillion in Assets from Public and Private Sector Officials in 7 Years

  The Economic and Financial Crimes Commission (EFCC) has disclosed that its Asset Forfeiture Unit (AFU) seized over N2 trillion worth of assets from corrupt public and private officials between 2003 and 2010. This means that in a...

  • Posted August 5, 2012
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  Top 25 Websites for CEOs – Forbes

  If you want to shorten your shelf life as a CEO, it’s easy to do – be uninformed and disengaged. There’s a big world out there, and CEOs need to get out of their bubble and go...

  • Posted August 4, 2012
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