News

LBN News Digest: Kim Lobbies for World Bank Job as Nigerian Mounts Challenge, Nigerian Bottling Company to Boost Water Supply Nationwide

Shell Picks Buyer For Its Most Prolific Oil Block in Nigeria – Source
Fox Business
Royal Dutch Shell PLC’s (RDSA) Nigerian unit has picked a buyer for its most prolific oil block in the nation, a source close to the deal has said. The unit Shell Petroleum Development Companyhas received bids for a block that is valued at around $1 

Kim Lobbies for World Bank Job as Nigerian Mounts Challenge
BusinessWeek
By Sandrine Rastello and Maram Mazen on March 28, 2012 Jim Yong Kim, the US candidate to head the World Bank, started a global tour to garner support among developing nations as Nigeria’sfinance minister mounted a challenge for the leadership of the 

Nigerian Bottling Company to boost water supply nationwide
BusinessDay
The Nigeria Bottling Company (NBC), on Wednesday in Abuja, pledged its commitment to the development of the water sector to boost water supply in the country. Mr Uzo Odenigbo, the Public Affairs Manager of the company, made the pledge in an interview 

Nigeria second best for SSA Chevrolet brand
BusinessDay
Other countries after Angola and Nigeria with high potential growth markets are Zimbabwe, Kenya, Mozambique, Ghana and Senegal. Presenting the automaker’s Sub-Saharan highlights to Business Day Nigeria after an inspection tour of General Motors

Doing BusinessNigeria To Improve Ranking By 103 Positions
Leadership Newspapers
Aganga, who also said the ministry, would push to ensure that Nigeria occupied the top-5 position in Africa by that year pointed out that improving Nigeria’s ranking in the Ease of Doing Business by 103 positions and enabling ranking by 75 positions 

Nigeria: FG Targets US$416 Million Savings, 100000 Jobs Through Sugar Production
AllAfrica.com
He said, “In the case of sugar, I am glad to inform you that with the proven potential for wealth creation and high employment generation in the sugar industry, a Nigerian Sugar Master Plan, NSMP, has been produced which provides the Roadmap for at 

Nigerian Jailed Two Years For Registering As A Voter
GhanaWeb
Monday Chukwu Ebere, a 35year-old Nigerian businessman, was on Friday sentenced to two years imprisonment in hard labour for registering as a voter by a Koforidua Circuit Court. Chukwu, who pleaded guilty for deceiving a public officer, 

CBN Doles Out N91 Billion to airlines
P.M. News
Analysts have urged weak Nigerian airlines to merge and develop a long term business plan to compete with foreign airlines and engender growth. “It’s a ‘carry go’ mentality as we speak. Airlines are too weak. They keep incurring debts as they try to 

Stanford MBA students tour West Africa
BusinessDay
This was made known at an evening cocktail session held with MBA candidates and alumni of the Lagos Business School on Monday in Lagos. Commenting on the essence of their week-long visitation to Nigeria, Michael Akinyele and Rachel Fleittel,

Nigeria In Line To Benefit In Protea’s N20bn African Expansion
Times of Nigeria
“As political stability and business opportunities increase, they create a greater need for the hotels and we’re leading the charge. “There are a number of countries such as Nigeria, Zambia, Uganda and Angola that are flying in the face of the global 

AP Exclusive: Nigeria ex-militant linked to bid
Boston.com
An ex-militant leader in Nigeria’s oil-rich southern delta is linked to a private securitycompany that recently signed a $103 million deal with the government to patrol the West African nation’s waterways to stop piracy, officials have told The 

Nigeria Arrests 7 Suspects in Kidnapping of UAE Citizen
BusinessWeek
By Elisha Bala-Gbogbo on March 29, 2012 Nigeria arrested seven people in connection with the kidnapping of a United Arab Emirates national who was lured to Africa’s top oil producer for a “phantom business transaction,” a State Security Service