Nigeria seeks help with tackling oil theft
Source: United Press International
Lagos :: Nigeria | updated 2013-05-20 03:46:27 -0700 | business-news
The U.S. and British governments are willing to help Nigeria address rampant crude oil theft from the Niger Delta, the petroleum minister said from London. The Movement for the Emancipation of the Niger Delta rebel group in April said it...
Why OSI Systems Shares Got Crushed
Source: The Motley Fool
Osi :: Nigeria | updated 2013-05-20 12:27:00 -0700 | business-news
Reports surfaced last November that the company was manipulating test results for its Rapiscan security units, while analysts defended the company at the time. OSI Systems will begin formal proceedings that will allow the company to provide information and communicate...
Africa: Ernst & Young Wants Barrier to Trade in Africa Removed
Source: All Africa
Lagos :: Nigeria | updated 2013-05-20 06:52:12 -0700 | business-news
The Ernst & Young, an international professional service firm, has stressed the need for Nigeria and other African countries to initiate policies that will lead to the removal of barriers to trade in the continent. The Regional Managing Partner, Ernst...
Nigeria: Foreign Investors Take U.S.$2.7 Billion Out of Nigeria in Three Months
Source: Africa Headlines
Lagos :: Nigeria | updated 2013-05-20 06:43:35 -0700 | business-news
This was indicated by the Central Bank of Nigeria (CBN) in its economic report for the first quarter of 2013. According to the report, foreign exchange outflow from the economy in the first was $6.54 billion. This outflow was dominated...
The World's 5 Most Debt-Ridden Countries
Source: The Motley Fool
Ire :: Nigeria | updated 2013-05-18 07:38:16 -0700 | business-news
No economic conversation has captured the public's eye quite like the explosion of national debt. From the U.S. to Europe to Asia, leading economies have staved off the worst of the recession by incurring runaway debts that have blossomed to...
Indian, Nigerian teams win Africa business contest
Source: NewKerala
Lagos :: Nigeria | updated 2013-05-18 01:04:40 -0700 | business-news
India's Life Catalyst Technologies and Nigeria's Jorsey Ashbel Farms won the 2nd Indiafrica Business Venture Competition held as part of the ongoing IndiAfrica Festival here, a statement from the organisers said Saturday. Four teams from India, two from Nigeria and...
BJ Solutions To Increase Jobseekers' Success Rates By 50%
Posted by: pressreleasemedia101
Lagos :: Nigeria | updated 2013-05-17 06:13:02 -0700 | business-news
Jobseekers experiencing failures at clinching their dream job in the ever competitive job market may now have cause to smile. That’s because a new Job Solution firm, Bemjiro (BJ) Solutions Ltd, has promised to increase jobseekers’ success rates by as...
Off the Charts: A Troubling Survey on Global Corruption
Source: International Herald Tribune
Lagos :: Nigeria | updated 2013-05-17 05:28:43 -0700 | business-news
Multimedia Bribery scandals have dominated headlines in several countries in recent months, among them India and Nigeria. International enforcement of antibribery laws has been increasing in the United States and major European countries. A new survey of corporate officials and...
Oil Update: Premier Oil, SOCO International, and Afren
Source: The Motley Fool
Lagos :: Nigeria | updated 2013-05-16 14:52:23 -0700 | business-news
The performance of these shares over the last year has been a pretty mixed bag...Soco International has provided the best recent returns recently, although its share price is effectively flat over the last seven years. A long-term favorite on the Fool...
Nigeria: FG to Increase Foreign Borrowing, as Debt Hits N6 Trillion - Finance Minister
Source: Africa Headlines
Lagos :: Nigeria | updated 2013-05-16 06:16:08 -0700 | business-news
The Federal Government will increase its foreign borrowing using part of the loans to offset its domestic debt, the Minister of State for Finance, Yerima Ngama, has said. Mr. Ngama who briefed journalists after the weekly Federal Executive Council meeting...
Nigeria: Nigeria's Oil Sector At Crossroads - Report
Source: Africa Headlines
Lagos :: Nigeria | updated 2013-05-16 02:27:02 -0700 | business-news
The Resources Governance Index of the Revenue Watch Institute (RWI) has ranked Nigeria weak in its oil revenue. Report of the Institute for 2013 released yesterday in the United States said Nigeria's hydrocarbons sector is at a crossroads as a...
Nigeria: Dangote Sugar Withdraws Investment From Algeria
Source: Africa Headlines
Lagos :: Nigeria | updated 2013-05-15 06:22:48 -0700 | business-news
Dangote Sugar Refinery Plc has pulled its investment from Algeria and is planning to make more acquisitions of local sugar farms to boost its backward integration programme and benefit from the Federal Government Sugar Master Plan. DSR had planned to...
Host of pipes siphoning off water from pipeline detected
Source: The Hindu
Kwa :: Nigeria | updated 2013-05-14 17:02:57 -0700 | business-news
In a shocking discovery, 23 hosepipes, used for water theft, were found hanging inside a leaking valve chamber of the water supply pipeline at Mulavukad. The cemented chamber was covered by orchard netting to hide the hose pipes. Kerala Water...
With the Chairman Out Look for this Stock to Rise
Source: The Motley Fool
Lagos :: Nigeria | updated 2013-05-14 14:03:12 -0700 | business-news
can finally breathe a sigh of relief now that former Chairman Ray Irani is gone. Over the last four years he has taken over $200 million in compensation from the company and has made nearly $1.1 billion in his 20...
Lawmakers set to unmask why banks own FG N83billion
Posted by: eeudomyahoocom
Abuja :: Nigeria | updated 2013-05-14 10:18:28 -0700 | business-news
By EMMANUEL UDOM The Nigerian government may have been short –changed by 24 banks operating in the country. Feelers have it that these banks owe the government about N83billion, which is the amount from unremitted taxes. Abudulmumin Jibrin, chairman, house...
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