271106 | Ajaokuta Steel Promises “Made-in-Nigeria” Car by 2007, Schneider Electric Enters Nigeria Market with N2 Billion, UN Favours Nigeria in One Billion Tree Planting Campaign, Dollar Loses Ground Against Euro, Philip Emeagwali

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Ajaokuta Steel Promises “Made-in-Nigeria” Car by 2007 27th NOV 2006

Board members of the Ajaokuta Steel Company Limited (ASCL) have disclosed they have made trips to Ghana and Sierra Leone to confirm claims by concessionaires of the complex -Global Infrastructures Nigeria Limited (GINL) - that they have commenced importation of steel products to those countries...
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Schneider Electric Enters Nigeria Market with N2 Billion
27th NOV 2006

Schneider Electric, one of the leaders in electrical distribution, power and control with market presence in over 130 countries and turnover in excess of $15 billion, has planned to invest about N2 billion in Nigeria...
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Top Stories

UN Favours Nigeria in One Billion Tree Planting Campaign...
A campaign to plant one billion new trees globally has been launched by the United Nations (UN), with Nigeria as a likely benefactor...
27th NOV 2006

Dollar Loses Ground Against Euro...
The dollar has plunged to its lowest level against the euro since April 2005 amid concerns for the US economy...
27th NOV 2006

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

Columnist Weekly

How Do
We Reverse
the Brain Drain?

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.”

How Do We Reverse the Brain Drain?
- By Philip Emeagwali

For 10 million African-born emigrants, the word “home” is synonymous with the United States, Britain or other country outside of Africa. Personally, I have lived continuously in the United States for the past 30 years. My last visit to Africa was 17 years ago...
...more

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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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