
An atrocious act of citizen and state mortgaging has been suspected following discoveries that many governors may have borrowed for the future generation to pay up. The crime has been committed at least in about nine States of the Federation.
September 9, 2010 | Posted in
Business & Finance |
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Work has begun on the Port Harcourt Monorail project introduced by the Governor Chibuike Rotimi Amaechi administration in Rivers State. Already, N11 billion has been released as part of the State government’s equity for the construction of the monorail which is constructed under a Public Private Partnership arrangement.
September 8, 2010 | Posted in
Business & Finance |
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Nigeria is still servicing loans obtained just after the nation’s Independence in 1960, and that the loans were what the nation used then to set in motion regional government.
September 6, 2010 | Posted in
Business & Finance |
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This is not about the mudslides miseries that have, once again, drawn world attention to China, the largest and most populous nation on earth (2010 population estimates are 1.33 billion people). Nor is it about the heavy, torrential rains in its provinces of Gansu, Sichuan, and Shaanxi, that have compounded the flooding and mudslides which have
September 3, 2010 | Posted in
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Nigeria imports everything from toothpicks to cement, with a growing proportion of the goods coming from China. The Lekki Free Zone will enable Chinese and other manufacturers to test their products on Africa’s largest potential consumer market.

Electricity companies from Canada, India and Ireland are the final bidders to take over the management of Nigeria’s national grid, a contract likely to be awarded by the end of the year, a top official said on Friday.
August 28, 2010 | Posted in
Business & Finance |
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After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States, according to government figures released early Monday.
August 17, 2010 | Posted in
Business & Finance |
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China has opened a main research center dedicated to the studies of Sino-African economic and trade cooperations, an official with the country’s Ministry of Commerce (MOC) said.
August 17, 2010 | Posted in
Business & Finance |
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Two young ladies used their breast power to hypnotise a man as he withdrew money from his account at a cash-point in France.
Police in France are looking for the two attractive female thieves who bared their breasts at the man as they stood still near the cash-point to distract him before stealing his money- a [...]

The former Chief Executive Officer of Intercontinental Bank, Erastus Akingbola, has formally been charged with financial impropriety at a federal high court in Lagos.