Aliko Dangote, has pledged to spend $7 billion investment in Nigeria’s power, petrochemical and mining sectors in the next four years.Africa’s richest man said this at a send-off party for Thierry Tanoh, the IFC Vice-President for Sub-Saharan Africa, Latin America and Caribbean and Western Europe on Sunday in Lagos. Dangote said that he will…
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A Nigerian lawyer has been identified as one of those killed at Oikos University, Oakland, California, when a lone gunman opened fire on students and teachers Monday inside the small Christian University located in East Oakland. Late Doris Chibuko Doris Chibuko, 40, was studying for a nursing degree at the university and was just…
Read moreDisappointment and confusion yesterday greeted the commencement of the ‘Cashless Lagos Policy’ as it was heralded by the return of cheques which the banks regarded as ‘exceeding the limit’ for third parties. The banks were however cautious, so as not to offend their customers, as some of the said customers who issued third partycheques…
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The Nigerian Ambassador to the United States of America has been directed to deploy all available resources to ensure that Dr. NgoziOkonjo-Iweala, Nigeria’s Finance Minister and Africa’s sole candidate for the World Bank Group Presidency, gets elected when the Board of Directors of the bank vote at the Spring meeting of the bank scheduled…
Read moreThe string of corruption scandals in Nigeria over the past three months has not only sullied the country’s reputation but revealed booming local money laundering business as well, as people look to launder money corruptly received.Across the country money is laundered not only through banks but also through a whole gamut of institutions and legitimate…
Read moreA chunk of the bloated airfares paid by Nigerians to both local and foreign airlines have been traced to the numerous taxes and surcharges passengers pay to the various parastatals in the aviation industry, new investigations by BusinessDay have revealed. In addition to the taxes is the fuel surcharge by the airlines which constitute…
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The World Bank has announced three candidates to succeed outgoing president Robert Zoellick. The announcement which was made on Friday has Jim Yong Kim, a US national and president of Dartmouth College; Jose Antonio Ocampo, a Colombian national and professor at Columbia University; and Ngozi Okonjo-Iweala, a Nigerian national and finance minister of Nigeria as…
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The cause of singer Whitney Houston's death was drowning and the “effects of atherosclerotic heart disease and cocaine use,” the Los Angeles County coroner's office said Thursday. Whitney Houston Performing At The O2 Arena On April 25, 2010, In London She was found dead last month in the bathtub of her hotel room…
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Embattled Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh and SEC management initiated and offered the House Committee on Capital Markets the sum of N30, 000, 000 as ‘sponsorship’ for the public hearing on capital markets. The documents attached below which were tendered before the House of Representatives Tuesday by Chairman…
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ABUJA, March 15,- South Africa and Nigeria continued their steady trudge down the path of reconciliation on Thursday when a high-powered eight-man delegation from the rainbow country paid a courtesy call on President Goodluck Jonathan at the presidential villa in Abuja, the two sides agreeing to resuscitate the moribund Nigeria-South Africa Bi-National Commission. PRESIDENT…
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