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December 19, 2011

After a fault which caused it to shut down on Tuesday, the Egbin power plant has reopened

Nigeria’s oldest working power plant, which collapsed on December 13, 2011, has been restored to its full capacity, generating 1, 080 mega watts of power.

December 1, 2011

The company said the divestments fit its strategy of refocusing its onshore interests in Nigeria.

Royal Dutch Shell announced today that it sold oil leases in Nigeria for $488 million. The company said the divestments fit its strategy of refocusing its onshore interests in Nigeria. Shell CEO Peter Voser said improved security in the Niger Delta, coupled with progress on key projects, "provides the foundation for further investment and growth" in Nigeria. Two Nigerian firms bought the oil leases, Neconde Energy Ltd and FHN, an affiliate of Afren PLC.

November 16, 2011

Bharti Airtel has signed a new contract with Ericsson to upgrade their diesel powered base stations across Nigeria and make them more energy efficient.

Bharti Airtel and Ericsson have signed a new contract to upgrade diesel powered base stations in Nigeria with a new green energy solution known as E-site. .

CEO and joint managing director of Bharti Airtel, Manoj Kohli, said in a statement that the new E-site solution would enable Airtel to harness solar energy to power mobile base stations across Nigeria.

October 31, 2011

Two women employees complained of sexually suggestive behavior by Republican presidential contender Herman Cain when he headed the National Restaurant Association in the 1990s


October 17, 2011

British IndyCar driver Dan Wheldon has died after a horrific 15-car crash at the Las Vegas Motor Speedway on Sunday which left the motor sports world in shock.

The 33-year-old, a two-times winner of the Indy 500, was involved in a multi-car accident 13 laps into the Las Vegas Indy 300 which sent his vehicle flying and left wreckage and debris across the track.

October 16, 2011

The bank says it is committed to connecting Nigeria with fast-growth markets across the world

The Standard Bank Group, a South African group, has reaffirmed its commitment to partnering with Nigerians towards achieving sustainable economic growth.

The Chairman of the bank, Mr. Fred Phaswana, while speaking in Lagos after its board’s week-long meeting alongside strategy deliberations in Nigeria, said the country’s potential for growth and development was immense.

September 29, 2011

This season of Nigerian Idol plans to be bigger and better

The season II of Nigerian Idol was officially launched today after a successful season I which produced Nigerian Idol, Yeka Onka.

Nigerian Idol is a television reality show with the search for Nigeria's next superstar, which will offer one young talent the opportunity that raw, talented singers have until now, only dreamed of.

Season II is produced by the Optima Media Group (OMG) and Rapid blue format. It continues to enjoy the sponsorship of Etisalat, in association with Sony and Pepsi.

September 28, 2011

Nigeria is one of only four countries where polio has never been eradicated.

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, is currently in Nigeria to discuss polio eradication and strengthening of immunization against other vaccine-preventable diseases amid a resurgence of polio cases in the West African nation.

September 25, 2011

The winners of the African Banker Awards for 2011 have been announced.

Almost 300 guests were in attendance at the African Banker Awards 2011 that took place on the 23rd of September.  

September 7, 2011

The indigenous money transfer company gets the nod from CBN

With the issuance of its full operating license from the Central Bank of Nigeria (CBN), Paga, a financial services platform, is now set to offer all Nigerians an easy-to-use and secure money transfer service.

Paga enables Nigerians to transfer money to anyone via their mobile phone or Internet connected device, or by visiting any retail agent in the company’s nationwide network.

September 3, 2011

The latest single from Dbanj was banned from the airwaves for being lewd

‘Oliver’, the new single from D'banj, has been banned by the Nigerian Broadcasting Commission (NBC) for its obscene lyrics.

All radio and TV station airplay of Oliver is henceforth to be stopped according to the NBC, because "Oliver Twist has lewd lyrics."

Following the success of the Enigma music competition in July, where the winner received 3500USD, Don Jazzy, the CEO of Mo'hits Records, is offering a total of USD7,500 and other consolation prizes for a dance video competition to the new D'banj song, Oliver.

August 26, 2011

The Nigerian Stock Exchange has said that it is working very hard at improving investors confidence in the market.

The Nigerian Stock Exchange has said that it is working very hard at improving investors confidence in the market.  

According to the CEO, Mr Oscar Onyema the current push of the Lagos bourse is to regain investors’ confidence. He said this at the facts behind session of the Flour Mills of Nigeria Plc in Lagos.

He revealed that the Exchange had put in place strong, firm, but fair regulations because of the realisation that that was essential to make the market a choice investment destination.

August 25, 2011

Apple legend resigns citing failing health

Steve Jobs resigned as CEO of Apple Inc on Wednesday and passed the reins to his right-hand man Tim Cook, saying he could no longer fulfill the duties in a bombshell announcement that raised fears his health has deteriorated further.

Jobs, who fought and survived a rare form of pancreatic cancer and revolutionized the technology arena with the iPhone and the iPad in the past four years, is deemed the heart and soul of a company that this month briefly became the most valuable in America.

August 18, 2011

Ike succeeds Rotimi Oyekanmi, who was the former CEO of the West African zone

Renaissance Capital (Rencap) has revealed that Yvonne Ike has been appointed as its Chief Executive Officer (CEO), West Africa.

Renaissance Capital, part of Renaissance Group, is a global leader in providing institutional research and investment management services on newly public companies of Russia, the CIS, Eastern Europe, Asia and Africa through centres such as London, New York and Hong Kong. Its core businesses are: Mergers & Acquisitions; equity and debt capital markets; securities sales and trading; research; and derivatives.

August 16, 2011

Although Android has been successful, phone and tablet makers who use Google's operating system risk are getting pounded by Apple and Microsoft on patent infringement grounds

Google dropped a bomb this morning by announcing that it will acquire Motorola Mobility for $12.5 billion in cash. Motorola Mobility, which became independent from Motorola earlier this year, currently builds Android phones such as the Droid 3 and Android tablets such as the Motorola Xoom.

Android will remain open to other handset makers, Google CEO Larry Page said, and Motorola Mobility will operate as a separate company. But there are a few obvious reasons why Google would want to own the hardware maker -- some stated clearly by Google, and some with a bit more subtlety.

August 11, 2011

If you don’t care for politics as such and you do not want to be a Muslim, there is still hope for you. Start a church.

I get very broke very often. Recently, I have attempted to sell my old Audi 80 because I thought, why have a car when I have no money in my pocket? Well, thankfully I didn’t, and if you live in Abuja, you will know why I say this. But then I sat to reflect on all those around who have made it and I came up with some interesting thoughts on how all these people made it. I am personally trying out a few, just to turn my theories into facts and hopefully a case study.

June 9, 2011

With its ability to confer respect and dignity, not to talk to talk of security amongst others, it is no wonder that marriage is the highest aspiration of an average Igbo girl.

Being a single Igbo woman is akin to being cursed; at least that is what some people would like you to think.

May 19, 2011

Mild drama in court as prosecutor walks out.

There was mild drama at the Federal High Court yesterday morning when the president of the Nigeria Bar Association (NBA), Mr. J.B Dawodu walked out of court during proceedings. The Court was hearing the case of abuse of fundamental human rights filed by former Intercontinetal Bank CEO, Erastus Akingbola who is facing trial for theft. Joining Akingola in his suit is one of the bank's former directors, Bayo Dada.

May 17, 2011

What these statistics tell me is that education all over the rest of Nigeria, not just in the North, is shutting down.

On Wednesday, May 11, the News Agency of Nigeria ran a story about the numbers of students registered for this year's National Common Entrance Examination. The NCEE, for those who may not know, is the examination into Federal Government Colleges (Unity Schools) across Nigeria.

According to the news agency, a total of 62,682 pupils had registered to sit for the examination. Considering the fact that this examination is meant for pupils in the 9-11 age bracket, the first question that came to my mind was whether we have just 62, 682 children of that age in Nigeria. 

May 10, 2011

DSTV CEO says reality television shows in Nigeria has exposed and enabled many youths develop their potentials.

DSTV CEO, Joseph Hundah has said that the reality television shows in Nigeria has exposed and enabled many youths develop their potentials by believing in themselves and embracing hard work. He pointed out that the youths who took part in the 'Big Brother Africa' had become famous in their various countries.

According to him, reality shows involved challenging tasks that made youths more thoughtful, composed, and courageous. 

May 1, 2011

The bank temporarily suspended operations in Cote d’Ivoire due to the political crisis and in the interest of the safety of staff, customers and properties.

The United Bank for Africa (UBA), the pan African banking group has announced the reopening of its Cote d’ Ivoire operations effective April 28, 2011 following the return of normalcy in the world’s largest cocoa producer.

UBA in the wake of hostilities in the Cote d’Ivoire resulting from the political crisis announced a temporary suspension of operations in the interest of the safety of staff, customers and properties.

April 5, 2011

Onyema, the fourth ever CEO of the NSE, was officially introduced to the stockbrokers on the trading floor by the interim administrator, Mr. Emmanuel Ikazoboh in company of senior management staff. 

The new Chief Executive of the Nigerian Stock Exchange (NSE), Oscar Onyema resumed duty yesterday. He became the fourth CEO of the NSE.

April 4, 2011

Oscar Onyema is the fourth chief executive of the Nigerian Stock Exchange.

The new Chief Executive of the Nigerian Stock Exchange (NSE), Oscar Onyema resumed duty yesterday. He became the fourth CEO of the NSE.

March 30, 2011

Presently, there is no leader in Nigeria I would like to model my life after as they have all failed us woefully, amassing immense wealth for themselves at the detriment of the masses.

Every time  read about the young billionaire, Mark Zuckerberg, I have a mixed feeling of envy and admiration for him. What scares me most, however, is that more than 80% of Nigerians in his age group do not even know who he is, talk less of share the kind of vision and passion he has. If you have not heard about that name before, you certainly might have heard of Facebook and probably have it opened on your desktop as you are reading this.