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Travelex Opens Bureau At International Airport

Travelex will from November 14, 2006 commence its bureau de change services at the international wing of the Murtala Mohammed Airport in Lagos...
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US, Zenith Bank Launch $10m Mortgage Scheme In Nigeria

Zenith Bank, in collaboration with the United States Agency for International Development (USAID), an agency of the United States government, yesterday launched a mortgage scheme that would make available $10 million (N1.3 billion) for interested Nigerians to own their own homes...
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Top Stories

Nigeria Spends $2 Billion Annually On Wheat...
Nigeria relies on importation of wheat to the tune of $2 billion annually to feed its 150 million population. Former National Chairman of the Peoples’ Democratic Party (PDP) Audu Ogbe, disclosed this at the Annual Accountant conference organized by the Institute of Chartered Accountants of Nigeria (ICAN)...


NDIC Cautions Banks On Cross Border Expansion…Says
Banks’ Risk Management Framework Inadequate...

Nigeria Deposit Insurance Corporation (NDIC) has cautioned banks against concentrating their cross border expansion programme in one region of the continent...


International Trade Fair Complex, Lagos

Lagos International Trade Fair Opens...

The 20th Lagos International Trade Fair was opened in Lagos on Friday. Femi Deru, Vice President of the Lagos Chamber of Commerce and Industry (LCCI) that organizes the fair, said the fair would attract about 800 exhibitors...


Reltelwireless Expands Its Operations...
Reltelwireless, a leading Private Telephone Operator (PTO) which recently extended its operations to the Federal Capital Territory has launched an aggressive service rollout plan...


Briton, American Kidnapped From Oil Ship in Bayelsa State...
An American and a Briton working for Norwegian oil services firm Petroleum Geo-Services (PGS) were kidnapped in the Niger Delta region, officials confirmed.


The Nitel tower

Oil prices slip below $58...

World oil prices have dropped as the market digested the supply outlook in the United States, the world’s biggest consumer of energy.


Columnist Weekly
Philip Emeagwali

IDEAS, NOT
MONEY,
GENERATE
CAPITAL FOR
POVERTY
ALLEVIATION.

Follow the thoughts of one of Africa’s greatest brains who was voted history's greatest scientist (#1) of African descent — and the 35th greatest African of all time — in a survey for the September 2004 issue of the London-based New African magazine. He won the 1989 Gordon Bell Prize, the Nobel Prize of supercomputing and in 2000 was extolled by Bill Clinton as “one of the great minds of the Information Age.”

Africa: Out-of-the-Box Thinking in an
 In-the-Box World

- By Philip Emeagwali

I once believed that capital was another word for money, the accumulated wealth of a country or its people. Surely, I thought, wealth is determined by the money or property in one’s possession. Then I saw a Deutsche Bank advertisement in the Wall Street Journal that proclaimed: “Ideas are capital. The rest is just money.”
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Comment

PHCN & Online Electricity Payment System
By Chyke

This is a great achievement for the country. My only concern here is the motivation for this implementation...
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