News

CBN governor backs fuel subsidy removal

THE Governor, Central Bank of Nigeria (CBN), Mallam Lamido Sanusi, has urged Nigerians not in support of government removal of subsidy for petroleum products to forget it, insisting that the days of oil subsidy are numbered. Sanusi said the CBN … read more

Nigeria’s Middle Class Growing

A new detailed survey and report on Nigeria’s expanding middle class, issued by the leading emerging markets investment bank, Renaissance Capital, has portrayed Nigeria as a nation that is optimistic about economic growth, values entrepreneurship and is positioned to capitalise … read more

Google to get Nigerian businesses online

Nigeria has become only the second country in Africa to get a hand from internet search giant Google in gettng small businesses online. Kenya launched the “Getting Kenya Businesses Online” (GKBO) two weeks ago. Yesterday, Google launched “Getting Nigerian Businesses … read more

Pirates Moving in to West Africa

Pirates are expanding their activities into West Africa, according to a United Nations report released Saturday. Previously, most pirate activity occurred around the Horn of Africa, and especially Somalia on the continent’s east coast. In particular, pirates now have taken … read more

16 Illegal Refineries Discovered in Abia

About 16 illegal refineries have been discovered within Imo River Field of Shell Petroleum Development Company, SPDC, Abia State, causing the company to shut down production of 25, 000 barrels of oil per day since August 28, 2011. The action … read more