Trying to Spread Africa's Wealth The New York Times | NICE — In years past, Africa was always the outsiders’ cornucopia, the font of gold and diamonds, slaves and minerals, cotton and rubber and, more latterly, oil. | These days, the continent’s riches draw a new cast of prospectors and predators, but the question is the same: who b...
Grounded by Graft 50 Years After Independence, Says Waziri All Africa Chairman of the Economic and Financial Crimes Commission (EFCC), Farida Wazirir, has regretted that Nigeria has performed very badly, 50 years after Independence, because of the crippling effect of corruption and other related vices. | ...
Fidelity Bank Posts N1.75 Billion Profit After Tax All Africa Fidelity Bank Plc has recorded Profit After Tax of N1.75 billion for the half year ended in December 2009. Chairman of the Bank, Dr Christopher Ezeh announced this at the bank's Annual General Meeting (AGM) held in Abuja, yesterday. | ...
Vice President, Others Laud CBN Over Intervention Fund All Africa Vice President, Namadi Sambo has applauded the efforts and commitment of the Central Bank of Nigeria (CBN) towards the resuscitation of the Small and Medium Scale Enterprises in the country. | ...
Sambo to Visit Sapele, Other Power Project Sites All Africa The Vice President, Mohammed Namadi Sambo is ready to commence the inspection of power project sites at Sapele, Alaoje and Olorunsogo in the first week of August 2010 to ascertain the extent of work preparatory to their completion and commissioning b...
Why Jonathan Will Contest in 2011 All Africa President Jonathan would definitely contest in the 2011 presidential election, and in spite of Nigerians' votes, he will emerge winner of the polls. The controversy over zoning in the ruling party is a wasteful distraction because it would not be in ...
Reps Raise NDDC Budget By N4 Billion All Africa The House of Representatives yesterday passed the sum of N240.5 billion as the Niger Delta Development Commission (NDDC) budget for the 2010 fiscal year, as against N236.5 billion presented to the National Assembly by the commission. | ...
Keke Napep, Keeping the Faith All Africa The tricycle, popularly referred to as Keke NAPEP in the Federal Capital Territory (FCT), has, indeed, assumed a very important place in the territory's commercial transportation system, as it meets the yearnings and requirements of commuters, while ...
No Hiding Place for Bank Debtors - Sanusi All Africa Cleansing imminent at CBN || Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, yesterday stated that there was no hiding place for bank debtors, declaring that the Assets Management Corporation of Nigeria (AMCON) would employ all l...
PPPRA Blames Cartel for Fuel Import Scam All Africa The raging controversy over alleged shady deal in the award of the second quarter fuel import allocation leveled against Petroleum Products Pricing Regulatory Agency (PPPRA) by some depot operators took a new dimension as the Executive Secretary of t...
Nigeria oil reform bill to pass by end Aug-minister The Guardian LONDON, July 30 (Reuters) - Nigeria's parliament will pass wide-ranging legislation to reform the mainstay oil and gas industry by the end of August and will delay a recess in order to do so if necessary, the oil minister told Reuters on Friday. "The...
Nigeria the frontier market for new hotel development Business Report | Demand outstrips supply in west Africa | Submit your comment | South African hotel groups are boosting their investments in oil-rich Nigeria, which is attracting a high level of international business travel. | Sun International has a casino hotel on Victoria Island, Lagos. Rival hotel groups Southern Sun and Protea are also present. | And...
Big Oil makes war on the earth: The Gulf Coast joins an oil-soiled planet Energy Bulletin | If you live on the Gulf Coast, welcome to the real world of oil -- and just know that you’re not alone. In the Niger Delta and the Ecuadorian Amazon, among other places, your emerging hell has been the living hell of local populations for decades. | Even as I was visiting those distant and exotic spill locales via book, article, and Y...
