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Archive for the Category ‘BUSINESS’

Nigerian Industrial Court orders NO to nationwide strike set for Monday

Nigerian Industrial Court orders NO to nationwide strike set for Monday

 Nigerian Industrial Court orders NO to nationwide strike set for Monday ABUJA, Nigeria (AP) – An industrial court in Nigeria ordered unions Friday to stop a planned nationwide strike over spiraling gasoline prices, giving authorities legal power to break up any work stoppages by labor groups. The order by the National Industrial Court came as [...]

Critical issues of Nigeria’s Oil Import Subsidy saga

Critical issues of Nigeria’s Oil Import Subsidy saga

The key issues of Nigeria’s Oil Import Subsidy saga As the debate over the critical issue of oil import subsidy continues, Nigerians and others have been told various things by various, interested parties and interests. In this commentary written for  USAfricaonline.com, CLASSmagazine, OilandGasMediaWorks, and the USAfrica-powered e-group of Nigeria360, analyst OMOH OKPOH raises some questions with his thought-provoking [...]

iSteve, rest in peace; Apple’s future of digital living. by Chido Nwangwu

iSteve, rest in peace; Apple’s future of digital living. by Chido Nwangwu

iSteve, rest in peace; Apple’s future of digital living.                                                                                            By [...]

$2billion FRAUD: 31 yrs old Togolese Kweku Adoboli charged in electronic trading swindle

$2billion FRAUD: 31 yrs old Togolese Kweku Adoboli charged in electronic trading swindle

$2billion FRAUD: 31 yrs old Togolese Kweku Adoboli charged in electronic trading swindle at UBS bank  By Chido Nwangwu. Special to USAfrica multimedia networks, Houston,USAfricaonline.com, PhotoWorks.TV and theUSAfrica e-group USAfricaonline.com: Kweku Adoboli, 31-year old electronic trader of Togolese origin (west Africa) at Swiss mega-bank UBS in London and a director of the bank’s Global Synthetic Equities Trading team has been charged [...]

USAfrica special: NOLLYWOOD and African-theme Movies in the Diaspora. By Chudi Okafor

USAfrica special: NOLLYWOOD and African-theme Movies in the Diaspora. By Chudi Okafor

In this critical global information age, I salute the DishNetwork for adding a medium for balanced information sharing about Nigeria in particular, and Africa in general. This is an opportunity that should not be missed because it would allow Africa tell her own story, against the slanted, stereotyped and often uninformed views on African affairs.

WikiLeaks on Nigeria’s corrupt oil sales at NNPC, Shell, US Ambassador and health of Nigeria’s President

WikiLeaks on Nigeria’s corrupt oil sales at NNPC, Shell, US Ambassador and health of Nigeria’s President

“there are some “very interesting” people lifting oil. Oil buyers would pay NNPC GMD Yar’Adua, Chief Economic Advisor Yakubu and the First Lady Turai Yar’Adua large bribes to lift oil. Pickard
also reported an instance of the Attorney General Aondoakaa allegedly soliciting a $20 million bribe to sign a document….”

WikiLeaks on Nigeria: Shell Oil brags it “knows everything” about key decisions in government, agencies, ministries

WikiLeaks on Nigeria: Shell Oil brags it “knows everything” about key decisions in government, agencies, ministries

The (U.S) ambassador reported: “She (Shell Oil exec Ann Pickard) said the GON [government of Nigeria] had forgotten that Shell had seconded people to all the relevant ministries and that Shell consequently had access to everything that was being done in those ministries.”

USAfrica: $180 million bribery scandal, Nigeria tangles with U.S former VP Cheney

USAfrica: $180 million bribery scandal, Nigeria tangles with U.S former VP Cheney

USAfrica Special report: $180 million bribery scandal, Nigeria tangles with U.S former VP Cheney. By Chido Nwangwu, Publisher of USAfricaonline.com and Nigeria360 e-group USAfrica, Houston, Texas. December 1, 2010: Richard Bruce ‘Dick’ Cheney, the controversial former Vice President of the United States  is expected to be hit with charges regarding a $180 million bribery scandal in [...]

CLASSmagazine 7pt2, Kase Lawal, President Barack Obama, Chido Nwangwu, USAfrica,

CLASSmagazine 7pt2, Kase Lawal, President Barack Obama, Chido Nwangwu, USAfrica,

CLASSmagazine, cover, 7pt2, Kase Lawal, President Barack Obama, Chido Nwangwu, USAfrica, USAfricaCLASS magazine, cover V 7.2, 2010

2 Americans, 3 other foreigners taken hostage at Nigeria oil rig attack

2 Americans, 3 other foreigners taken hostage at Nigeria oil rig attack

2 Americans, 3 other foreigners taken hostage at Nigeria oil rig attack Special to USAfricaonline.com , Nigeria360 e-group and USAfrica multimedia networks (Houston). Gunmen attacked an oil rig off Nigeria’s coast on Monday (November 8, 2010), taking two Americans, two French and one Canadian hostage while wounding two other people, oil company and security sources [...]

$6.3 million: Princewill Njoku and Clifford Ubani plead guilty to defrauding Medicare in Houston.

$6.3 million: Princewill Njoku and Clifford Ubani plead guilty to defrauding Medicare in Houston.

USAfricaonline.com also learnt that the prosecuting attorneys, through court documents, showed Njoku and co-defendant Clifford Ubani (another Nigerian in Houston) hired co-conspirators to recruit Medicare beneficiaries for the purposes of filing fraudulent claims with Medicare for DME for more than $6million.

On jailing of Cecilia Ibru, symbolism and corruption in Nigeria’s banks

On jailing of Cecilia Ibru, symbolism and corruption in Nigeria’s banks

On jailing of Cecilia Ibru, symbolism and corruption in Nigeria’s banks By Nkem Ekeopara Exclusive commentary for USAfrica, USAfricaonline.com and CLASSmagazine, Houston On Friday, October 8, 2010, Mrs. Cecilia Ibru, former Managing Director and Chief ExecutiveOfficer of Oceanic International Bank Plc, which until last year was regarded as one ofNigeria’s leading banks, was convicted and [...]

As Nigeria turns 50, MoneyGram celebrates across U.S., Nigeria and globally

As Nigeria turns 50, MoneyGram celebrates across U.S., Nigeria and globally

MoneyGram celebrates Nigeria’s 50th Anniversary at events in U.S., Nigeria and globally. By Chido Nwangwu. Special to USAfrica,  USAfricaonline.com, CLASSmagazine (Houston), and  Nigeria360@yahoogroups.com USAfricaNEWSwire, September 29, 2010: MoneyGram International (NYSE:MGI), a leading global money transfer company, has announced it is joining in celebrating Nigeria’s 50th anniversary of independence with a series of activities inside Nigeria, [...]

Obama’s appointing Kase Lawal to trade committee continues upward march by oil and gas heavyweight….

Obama’s appointing Kase Lawal to trade committee continues upward march by oil and gas heavyweight….

USAfrica has followed the exponential, methodical expansion of the clout and revenue drivers for CAMAC and of Kase, himself. I think that the latest nod from Obama’s administration to Lawal is a continuation of that forward march by a hard-working and savvy son Africa in America.

Innovation in America, improving Medicine and the Economy. By Doug Schoen

Innovation in America, improving Medicine and the Economy. By Doug Schoen

Take green jobs. In the near future, alternative energy technologies — like wind turbines and nuclear power — could emerge as viable competitors to coal, oil, and natural gas. These industries will need plenty of workers.

Another sector that’s poised to take off is biotechnology. Between 2008 and 2009, the industry’s income jumped ninefold — from $400 million to $3.7 billion. The venture capital raised by American biotech companies hit $4.6 billion last year. And biotech firms themselves invested nearly $45 billion in U.S.-based research projects last year.

Obama’s economic recovery solution requires revolutionary technological innovations. By Blaize Kaduru

Obama’s economic recovery solution requires revolutionary technological innovations. By Blaize Kaduru

By BLAIZE KADURU, Chief  Economist of USAfrica multimedia networks and CLASSmagazine, Houston. Houston, July 1, 2010: First of all, let me stipulate my main point: the Obama stimulus package is bound to fail if nothing profoundly new is developed from a technology stand-point, to take advantage of key areas of needs that can only be filled [...]

Protected: Utilizing experts in Nigerian governments: the examples of Nnaji and Egbogah

Protected: Utilizing experts in Nigerian governments: the examples of Nnaji and Egbogah

There is no excerpt because this is a protected post.

Continental to launch first daily African service Houston-Lagos flights

Continental to launch first daily African service Houston-Lagos flights

Continental to launch first daily African service Houston-Lagos flights Special to USAfrica and CLASSmagazine, Houston Continental Airlines yesterday said it plans to start daily 787 flights between Houston Intercontinental and Lagos on Nov. 10, 2011, launching what would be its first-ever service to Africa. The flights, which also would be the first daily scheduled service [...]

MoneyGram expands outlets into Nigeria with First Bank deal, and low transfer fees

MoneyGram expands outlets into Nigeria with First Bank deal, and low transfer fees

MoneyGram expands outlets into Nigeria with First Bank deal, and low transfer fees Special to USAfricaonline.com, CLASSmagazine and Nigeria360 e-group (powered by USAfrica) USAfricaNEWSwire:  MoneyGram has announced today June 9, 2010, that it has signed an agreement with Nigeria’s oldest bank, the First Bank, to enhance the money transfer corporation’s outlets by almost 500 national [...]

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna deputy Gov.

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna deputy Gov.

Nigeria’s NNPC chief Shehu Ladan removed; Oniwon takes over; Ladan likely pick for Kaduna State deputy Governor. Special to USAfricaonline.com and CLASSmagazine, Houston. Abuja, Nigeria – Officials say the new managing director of Nigeria’s state oil company has been fired. A spokesman for President Goodluck Jonathan said Monday that Nigerian National Petroleum Corp. director Shehu Ladan had been removed from his [...]

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