TONY ELUMELU, CBN Regulates Banks, Lagos Commissions Fish Ponds, Abuja Le Meridien Acquired, Philip Emeagwali

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TONY ELUMELU WINS THE HIGHLY COVETED AFRICAN BUSINESS LEADER OF THE YEAR AWARD 13th NOV 2006

Thursday, 9th of November, at the luxury Safari Park Hotel in Nairobi, Kenya, the location for this year’s Africa Investor awards, Tony Elumelu, GMD/CEO of UBA Plc, emerged winner of the prestigious and highly coveted AFRICAN BUSINESS LEADER OF THE YEAR award...
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Again, CBN Regulates Banks Through Rotatory Auditors
13th NOV 2006

Following the consolidation of the banking sector of the economy, mandated by the nation’s apex bank - Central Bank of Nigeria, CBN, more regulators, aimed at sanitising the sector, are being articulated by the CBN...
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Top Stories

Power Rector Revival: Myth or Reality...
Among the plethora of challenges hindering the growth of businesses in Nigeria, epileptic nature of power supply takes the top spot...
13th NOV 2006

Lagos Commissions Fish Ponds, Cassava Processing Centres, Market In Epe Division...
The Lagos State Government has commissioned fish ponds, cassava processing centres and market for the benefit of the people of Epe division.
13th NOV 2006

Abuja Le Meridien Acquired...
Flamboyant businessman Jimoh Ibrahim who acquired federal government owned NICON Insurance has paid N6.5 billion ($50 million) for Abuja Le Meridien...
10th NOV 2006

Halliburton Closes Deal to Sell Nigeria-Based Lift Boats...
Halliburton West Africa Limited and Halliburton Energy Services Nigeria Limited finalized the previously announced agreement to sell certain non-core assets to Hercules Offshore, Inc...
10th NOV 2006

LCCI Tackles Unemployment, Sets Up Employment Bureau...
Apparently worried by the growing unemployment and under employment rates in the economy, the Lagos Chamber of Commerce and Industry (LCCI) has set up an Employment Bureau at the Trade Fair Complex, Badagry Expressway...
10th NOV 2006

Customs Appoints Standard Chartered Bank As
Revenue Collector...
The Nigeria Customs Service (NCS) has appointed Standard Chartered Bank Nigeria (SCBN), the Nigerian subsidiary of Standard Chartered as one of the collectors of Customs revenue on behalf of the Federal Government of Nigeria...
9th NOV 2006

Columnist Weekly

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 9 OCT 2006

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