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Seven-Up Gives One for Four Bonus To Shareholders

Following an increase of 22 per cent in the after-tax profit of Seven-Up Bottling Company Plc from N954 million in the financial year ended March 31, 2005 to N1.16 billion in the current financial year, the board of directors on Tuesday paid a dividend of 125 kobo per share to shareholders at the yearly general meeting...
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SEC, Stakeholders Move To Reactivate Corporate Bond Market

Stakeholders in the capital market and the Securities and Exchange Commission (SEC) on Tuesday held a summit to look into ways of enhancing the growth of corporate bonds in the economy to enhance the growth of the real sector...
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Top Stories

More Than N12 Billion Invested In Film Industry, Says NFVCB...
More than N12 billion has been invested in the Nigerian home video industry, Nollywood, since its inception in the early 90's, the Nigerian Film and Video Censors Board (NFVCB) has said...


UBA Launches Naira Credit Cards... Pioneers Customer Rewards Programme...
United Bank for Africa Plc is set to commence the issuance of naira denominated credit cards from December 2006.


Crude Oil Under Pressure...
Crude-oil futures came under pressure yesterday after a siege at an oil facility in Nigeria ended...


Nigeria Secures N3.9b Loan Facility For Women Entrepreneurs...
The Federal Ministry of Women Affairs has secured a N3.9 billion credit facility from the International Finance Corporation (IFC), New York, to boost entrepreneurial activities among Nigerian women...


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...


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...


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.”
...more


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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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