₦airaland Forum

ASUU’s strategy has always been this: it directs all its members in Federal and State universities to embark on total and indefinite strike at federal government breach of the union’s agreements. These strikes mean: no teaching, no examinations, no grading of scripts, no project supervisions, no inaugural lectures, no appointment and no promotion meeting, no statutory meeting (Council, Senate, Board, etc) or other meetings directed by government or their agents.
read more and leave your comments :[url]http://businessnews.com.ng/2011/12/09/rethinking-ASUU%e2%80%99s-strategy/[/url]

When I had begun to cheer federal government, I realized YOUWIN would be blighted by the factors that have been chasing Nigeria and foreign businesses to neighbouring countries. It is just that we have put the cart before the horse.

One of those factors is absent or deteriorating infrastructure. When I say infrastructure, I mean both the soft and hard. From protection of intellectual property issues, red tape and varnishing physical infrastructure, YOUWIN would have to crawl for now. Our business ecosystem is severely challenged by anti-business policies like multiple taxation, insecurity, just a few and government shies away from shoring purchasing power of the consumers who are hit daily by new regulations. And so startups will have to innovate to overcome staggering cost of business maintenance or die like wisp.
read more and leave your comments :http://businessnews.com.ng/2011/12/09/youwin-and-the-fallacy-of-the-businessplan/

Royal Dutch Shell and Eni have bought the prospective Nigerian deep offshore oil block OPL 245, the companies said  yesterday, ending a decade of legal disputes over the huge asset.

Shell and Eni said they would own the block equally, but the Italian firm would be the operator. The companies did not confirm how much was paid or the size of reserves but industry experts have said OPL 245 was worth over $1 billion and holds about nine billion barrels of oil.
read more and leave comment :http://businessnews.com.ng/2011/12/08/eni-and-shell-reach-deal-on-opl-245/

Chevron Corp. said Wednesday it expects to spend $32.7 billion next year on energy exploration and investment next year, an increase over 2011.

The oil giant expects to make major investments in projects in Australia, deep areas of the Gulf of Mexico, Nigeria, Angola and China.
read more and leave your comments :http://businessnews.com.ng/2011/12/08/chevron-expects-major-investments-in-nigeria-capital-spending-to-hit-32-7b-in-2012/

The Stock Market has continued its yoyo like ascent and descent around the 20,000 mark. The market fell in today’s trading by 32 points as the All Share Index closed at 19,951.13.

Market Capitalization fell by N20.31 Billion to N 6.279 Trillion.
read more and leave your comments :http://businessnews.com.ng/2011/12/06/sock-market-watch-asi-yoyos-below-20000-threshold-once-again/

Britain based Nigerian entrepreneur Ladi Delano and Indonesian conglomerate Barkie Group has announce a Joint Venture focused on investing approximately $ 1 Billion or N 163 Billion in the Nigerian economy.

The joint venture pegged Bakrie Delano Africa will be focused on mining, oil & gas, and agriculture, specifically focused in Ogun and Akwa Ibom states.
read more and leave you comments :http://businessnews.com.ng/2011/12/06/nigerian-entrepreneur-and-indonesian-conglomerate-sign-1-billion-mou-with-government/

In a statement released on the Nigeria Stock exchange today, Access Bank has signaled it will complete its integration of Intercontinental Bank by March, way ahead of the “18 to 24 months” earlier envisaged
read more and leave your comments :http://www.nigeriafilms.com/headlines.asp

Robert Neuwirth, author of Stealth of Nations: The Global Rise of the Informal Economy, examines how mobile operator MTN is using hawkers and street vendors as distribution agents.
read more and leave your comments : [url]http://businessnews.com.ng/2011/12/06/how-mtn-is-profiting-from-nigeria%e2%80%99s-informal-economy/[/url]

Nigeria is in a hot chase to triple foreign direct investment, FDI which is presently put at $3 billion. The minister of trade and investment Olusegun Aganga has said that we can accomplish this by promoting Nigeria as an attractive destination of investment and quality of life.

Foreign direct investment have gained traction in recent years as a result of the failure of state enterprises and state enterprises’ low productivity which have led to the privatization of these firms, turning them to privately-owned. While in the past, colonized countries and their new independent governments believed that foreign investment, foreign ownership of production, was neocolonialism, a continuation of colonialism in economic form, nationalizing these foreign- owned industry have not yielded the desired fruits.
read more and leave your comments :http://businessnews.com.ng/2011/12/07/foreign-direct-investment-hitherto-nigeria/

Harvard Business School has taken its MBA program to the streets. The days of sitting in classrooms and discussing case studies written by professors might just be over. The age of live case studies is here.

The economist.com gave an illustration that young mums shopping in the Copley Mall in downtown Boston last month found themselves being questioned about their use of soap by students from Harvard Business School. The students were not doing odd jobs to earn beer money, it said but that they were preparing to help a firm in Brazil launch an antibacterial cleanser.
read more and leave your comments :http://businessnews.com.ng/2011/12/07/harvard-business-school-altering-its-mba-program/

Staco Insurance Plc has released its Q3 results to the Nigerian Stock Exchange.

Gross Premium earned appreciated 16.6% from N 4.3 Billion over the same period last year to N 5 Billion at the end of last September.

The company also reported a decline in commissions received as this income was down by 20.6% to N 63 Million from N79.8 Million over the same period last year.
read more and leave your comments :http://businessnews.com.ng/2011/12/07/earnings-watch-staco-insurance-plc-releases-3q-2011-statements/

The Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, has been named one of 100 Global Thinkers by the iconic Washington-based journal, Foreign Policy magazine.
read more and leave your comments :http://dailypost.com.ng/2011/12/06/okonjo-iweala-clinton-stiglitz-named-top-global-thinkers/

Arsenal have been dealt a blow in their pursuit of Mario Gotze after team-mate Kevin Grosskreutz insisted the teenage starlet will see out his contract at Borussia Dortmund. read more and leave your comments :http://dailypost.com.ng/2011/12/06/gotze-will-stay-at-dortmund-arsenal-suffer-blow-in-30m-chase-for-german-starlet/

He once lined up with David Beckham and Paul Scholes, and Sir Alex Ferguson described him as ‘marvellous’.

But Ronnie Wallwork’s harrowing descent from life as a top-flight footballer hit a new low as he was jailed for 15 months at Preston Crown Court.
read more and leave more comments :http://dailypost.com.ng/2011/12/06/former-manchester-united-prodigy-wallwork-jailed-for-selling-stolen-sports-car-parts/

Dancehall act,Enetimi Alfred Odom popularly known as Timaya has scored another point.

This time around the multiple award winning artiste has just completed his multimillion naira mansion in Port Harcourt.
read more and leave your comments :http://dailypost.com.ng/2011/12/06/dancehall-act-timaya-completes-multi-million-naira-mansion/

Lagos State Governor, Mr. Babatunde Fashola, has justified the recent hike in fees in the State University (LASU), saying the move was to rescue the institution from its present quagmire.
read more and [url]http://dailypost.com.ng/2011/12/06/we%e2%80%99ll-rescue-lasu-from-its-morass-says-fashola/[/url]leave your comments :

The National Assembly/Legislative House Election Petitions Tribunal in Lagos Monday, vowed to hear the petition filed by the Labour Party (LP) against Action Congress of Nigeria (ACN) candidate, Mrs. Oluremi Tinubu, on merit.

Chairman of the tribunal, Justice A. A. Nwaigwe, had stated that the directive of the Court of Appeal was that the petition should be heard on its merit and that no preliminary objection would stop the tribunal from adjudicating on the petition.
read more and leave your comments :[url]http://dailypost.com.ng/2011/12/06/tinubu-tribunal-vows-to-hear-petition-on-merit/[url=http://[/url]][/url][/url]

Ondo State governor, Dr Olusegun Mimiko, on Saturday, assured the people of the state of the completion of the ongoing projects across the state.

The governor, who spoke at the Ekimogun Day 2011 celebration, held at the Oba Adesan-oye Civic Centre, Ondo town, said the projects, particularly the road projects, would be speedily executed during the current dry season.
read more and leav your comments :http://dailypost.com.ng/2011/12/05/mimiko-assures-of-speedy-completion-of-ongoing-projects/

All Progressives Grand Alliance (APGA) candidate for Anambra Central Senatorial District, Prof. Dora Akunyili, has condemned the desperation of her main rival, Dr. Chris Ngige of the Action Congress of Nigeria (ACN), to prevent the Election Petitions Tribunal from hearing her case.
read more and leave your comments :[url]http://dailypost.com.ng/2011/12/05/akunyili-faults-ngige%e2%80%99s-move-to-stall-election-petition/[/url]

Chelsea will listen to offers for six senior players in January as owner Roman Abramovich backs Andre Villas-Boas to rebuild the club.

Sportsmail can reveal that Didier Drogba, Salomon Kalou, Jose Bosingwa and Paulo Ferreira are available for transfer, news which follows the weekend announcement that transfer requests from Nicolas Anelka and Alex had been accepted.
read more and leave your comments :http://dailypost.com.ng/2011/12/05/drogba-tops-next-batch-of-chelsea-old-boys-heading-for-the-scrapheap-in-january/

Former Brazil great Socrates, the clever playmaker who captained Brazil at the 1982 World Cup, died Sunday. He was 57.
read more and leave your comments :http://dailypost.com.ng/2011/12/04/brazilian-legend-socrates-dies/

As the fortunes of the market continue to dwindle pushing the ASI below the 20000 threshold to levels of lows not seen for close to a decade, capital market regulators must begin to ask themselves painful questions. Questions like where are we headed? Why is the retail demographic not participating? Are we doing enough to police the system?As the fortunes of the market continue to dwindle pushing the ASI below the 20000 threshold to levels of lows not seen for close to a decade, capital market regulators must begin to ask themselves painful questions. Questions like where are we headed? Why is the retail demographic not participating? Are we doing enough to police the system?
read more and live your comments :http://businessnews.com.ng/2011/12/03/capital-markets-regulation-in-nigeria/

Recent findings coming from Nigeria Deposit Insurance Corporation (NDIC) has unearthed the imbalance in Nigeria’s financial system. It was revealed that 2, 512, 531 depositors, or six per cent of those who placed their money in the Deposit Money Banks in 2010 have NGN9.53tn or 88 per cent of the total NGN10.8tn bank deposits during the year.
READ MORE AND LIVE YOUR COMMENTS :[url]http://businessnews.com.ng/2011/12/02/ndic-and-the-imbalance-in-nigeria%e2%80%99s-financial-system/[/url]

The Nigerian Stock Exchange buckled in daily trading following sell side pressure as the yuletide period closes in.

The All Share Index shed 18 points closing below the 20,000 threshold at 19,967.84.

Investors are making cash calls on the market, and liquidating some or all of their holdings in order to have cash to spend on family and loved ones this Christmas period.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/12/01/stock-market-watch-asi-closes-beneath-20000-threshold/

Cisco announced that MEED Networks in Nigeria is to deploy a Cisco Borderless Network architecture at Ahmadu Bello University (ABU), the largest university in Nigeria and second largest in Africa, second only to Cairo University in Egypt. ABU is situated in Zaria, Kaduna state in northern Nigeria.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/12/02/ahmadu-bello-university-to-create-the-most-sophisticated-campus-network-in-nigeria/

Nigeria’s House of Representatives on Thursday approved the government’s medium-term fiscal framework (MTFF) but refused to include plans to remove fuel import subsidies in a major setback for the controversial proposal.

Ngozi Okonjo-Iweala, the finance minister and coordinator of the economy, delivered the MTFF to the national assembly in September, including planned savings of about $7 billion a year from removing petrol import subsidies.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/12/02/house-of-representatives-passes-fiscal-plan-no-subsidy-removal/

Central Bank of Nigeria (CBN) has said that its governor Malam Sanusi Lamido Sanusi, didn’t buy a billion naira property in Abuja as speculated in the media. This was disclosed in a press statement signed by the CBN’s Head of Corporate Communications, M.M. Abdullahi, in Abuja yesterday.

The statement reads thus: “The Central Bank of Nigeria (CBN) has noted a report being circulated to members of the public alleging that the CBN Governor, Malam Sanusi Lamido Sanusi, has bought a N1 billion property in Abuja to add to the aesthetic value of his new house.”
READ MORE AND LEAVE YOUR COMMENTS http://businessnews.com.ng/2011/12/02/sanusi-didnt-buy-n1-billion-home-in-abuja-cbn/

First Hydrocarbon Nigeria (FHN), which is partly owned by oil company Afren, confirmed on Thursday the purchase of a 45 percent stake in Nigerian oil block OML 26 for $147.5 million from Shell, Total and Eni.

FHN, a Nigerian firm set up by Afren, First City Monument Bank (FCMB) and Guaranty Trust Bank, to purchase local energy assets, said OML 26 was producing 6,000 barrels of oil per day and this would increase to 40,000 bpd within four years.
READ MORE AND LIVE YOUR COMMENTS :http://businessnews.com.ng/2011/12/02/first-hydrocarbon-nigeria-buys-45-percent-stake-in-oml-26/

The Central Bank of Nigeria has said it had concluded plans to implement the electronic payment of government supplies, all forms of taxes, salaries and pensions by January 2, 2012.

Speaking at a one-day Public Sector Stakeholders enlightenment programme on the e-payment initiative in Port Harcourt Wednesday, Head of Domestic Payment CBN, Mr. Emmanuel Obaigbona, stated that the initiative was in regard to the presidential directive in 2009, that from January 2012, all payment by the government and parastatal must be by electronic system.
read more and live your comments :http://businessnews.com.ng/2011/12/02/electronic-payment-of-salaries-and-pensions-to-start-in-january-2012-cbn/

Recent findings coming from Nigeria Deposit Insurance Corporation (NDIC) has unearthed the imbalance in Nigeria’s financial system. It was revealed that 2, 512, 531 depositors, or six per cent of those who placed their money in the Deposit Money Banks in 2010 have NGN9.53tn or 88 per cent of the total NGN10.8tn bank deposits during the year.
read more and live your comments : [url]http://businessnews.com.ng/2011/12/02/ndic-and-the-imbalance-in-nigeria%e2%80%99s-financial-system/[/url]

We suffer a low life expectancy rate. Chances are that a billion things are just in place to stop citizens from reaching the biblical 70 years. Now people just die in their golden age. Our history of child mortality has led parents to produce sufficient children as a bargain against the onslaught of death. They assume that the more children they have the more some would survive the forces of death that litter the land. It all led to increase population but life expectancy remains very low. It seems citizens must stop at age below 50.
read more and live your comments :http://businessnews.com.ng/2011/12/02/life-expectancy-lagos-state-leading-the-way/