241106| Government Plans To Build Nuclear Power Plants to Meet Energy Needs by 2015, Gold Prices Decline In New York, NITEL Up-grade May Disrupt Services, Philip Emeagwali

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Government Plans To Build Nuclear Power Plants to Meet Energy Needs by 2015 24th NOV 2006

Nigeria plans to build nuclear power plants to meet a major part of the country's electricity demand by 2015, a government minister said yesterday. A meeting of the Cabinet chaired by President Olusegun Obasanjo set a target for the country to generate 40,000 megawatts of electricity within the next decade...
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Gold Prices Decline In New York
24th NOV 2006

Gold in New York fell for the third straight session on Wednesday after prices paid to United States producers matched the biggest monthly slide ever in October, reducing the precious metal’s appeal as a hedge against inflation...
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Top Stories

NITEL Up-grade May Disrupt Services...
The Nigerian Telecommunication (NITEL) Plc has commenced up-grade of the SAT-3 cable system as part of its efforts to provide better service and improve its network availability. This, it said may disrupt services...
24th NOV 2006

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...
23rd NOV 2006

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.
23rd NOV 2006

Crude Oil Under Pressure...
Crude-oil futures came under pressure yesterday after a siege at an oil facility in Nigeria ended...
22nd NOV 2006

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...
22nd NOV 2006

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

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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