Category Archives: MONEY

SOLD! Malawi’s presidential luxury jet goes for $15 million

May 22, 2013 no comments

Cash-strapped Malawi has found a buyer for the luxury jet that had once belonged to late leader Bingu wa Mutharika. A government official said on Wednesday that the presidential jet has been sold for...

Nigeria to release combination national ID cards/debit cards

May 11, 2013 no comments

Nigeria is set to roll out its newest financial innovation by 2014, a national identity card that doubles as a debit card. The Nigerian National Identity Management Commission is working MasterCard i...

U.S. high court rules for Royal Dutch Shell in Nigeria rights case

April 17, 2013 no comments

REUTERS – The U.S. Supreme Court on Wednesday said federal courts do not have jurisdiction to hear lawsuits against foreign corporations accused of aiding in human rights abuses abroad. In one ...

Aliko Dangote set to build $8 billion refinery in Nigeria

April 16, 2013 no comments

Africa’s richest man, Aliko Dangote, announced in Lagos last week that he is set to construct an $8 billion refinery in the continent’s top-oil producing nation. According to reports by Forbes ...

7 dead as Kogi, Anambra states clash over oil wells

April 2, 2013 no comments

Conflict over disputed oil-rich land on the border of Kogi and Anambra states turned bloody, leaving at least seven people dead and property destroyed, reports have said. According to the Vanguard, t...

China’s Xi Jinping to intensify ties with Africa

March 25, 2013 no comments

China’s new leader Xi Jinping has vowed to intensify ties with African nations. Xi described Africa as a “continent of hope and promise.” He was speaking in Tanzania in a conference...

Italian oil company ENI stops work in Nigeria

March 23, 2013 no comments

Italian oil company, ENI, has announced on Saturday that they will be suspending their activities in southern Nigeria due to frequent vandalism on pipelines. The company said in a statement that they...

17 counterintuitive things the most successful people do – Jason...

March 22, 2013 no comments

Jason Nazar/Forbes Contributor - You’re always going to get the same results, doing what everyone else does. Sometimes you have to know when to zig where others zag. These are some of the counterintu...

“We can no longer waste resources” – Jonathan set to...

March 19, 2013 no comments

Fuel prices are set to spike again in Africa’s largest oil-producing nation. Speaking at a press conference in Lagos on Tuesday, President Goodluck Jonathan said the nation could no longer cont...

Dana Air suspended again over “safety issues”

March 18, 2013 no comments

Dana Air has been suspended again. Nigeria’s Federal Government has once again suspended the airline’s operating license, barely three months after Dana Air had served a seven month suspe...