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

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Customs Nets N153.8b into Federation Account 21st NOV 2006

The Nigeria Customs Service (NCS) made a total collection of N153.87 billion into the federation account in the first nine months of the year...
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Ecobank Introduces Nigeria’s First Naira Credit Card
21st NOV 2006

In a move expected to significantly alter electronic payment system in an unprecedented manner, and improve the lifestyle of the average Nigerian, Ecobank Nigeria Plc, a dominant franchise of Africa’s leading regional bank, Ecobank Group, has introduced the first credit card in Nigeria called Ecobank Naira Credit Card...
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Top Stories

Nigeria Stock Exchange Approves Transcorp's Applications for Listing...
Plans by Transnational Corporation of Nigeria Plc (Transcorp) to list its shares on the daily official list of the Nigerian Stock Exchange got the blessing of its council on Friday as the quotations committee approved its application for listing...
21st NOV 2006

Oando Grows Turnover By 64% In Third Quarter...
Oando Plc, the integrated energy solutions provider with operations geographically spread across West Africa has recorded 64 per cent growth in turnover in its third quarter unaudited results ended September 30, 2006...
21st NOV 2006

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

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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