Business

News : Business

With a kind of hide and seek that is beginning to be the hallmark of the common market talks, there is a likelihood that the dream of reaping from a large economic market of over 90 million people, may fail. (AllAfrica)

The managing director of the Nigeria Liquefied Natural Gas Limited, Engr Chimaobi Ibeneche, has identified productive capacity underpinned by a virile human capital as the real wealth of Nigeria. (AllAfrica)

The ag. chief executive officer of First Alliance Pension and Benefits Limited, Aliyu Yar'Adua, has applauded the activities of PENCOM in ensuring excellent regulation of pension administration in Nigeria. (AllAfrica)

The managing director of the Nigeria Ports Authority (NPA), Alhaji Abdulsalam Mohammed, yesterday admitted that the organisation he heads is not responsible in its financial dealings. (AllAfrica)

To drive the economic potentials of the North, plans are at an advanced stage to build two power plants for Kaduna, Kano and Katsina axis. Phase one of the project to be located in Kaduna is expected to generate 1000 MW of electricity solely dedicated to serve the three states and environs with an envisaged 1000 MW expansion plant in Kano under the phase two. (AllAfrica)

The Federal Road Safety Commission (FRSC), has sent a save-our-soul to the federal government over the deplorable condition of the East-West road, warning that if urgent steps are not taken in the areas of road and bridges rehabilitation, the Kaima bridge in Kolokuma/Opokuma area of Bayelsa and Mbiama bridge in Ahoada area of Rivers State may collapse. (AllAfrica)

We can very safely declare that the poor state of the Nigerian economy has had nothing to do with the collapsing global capitalist markets of the western world. The plea of global village knock-on effect? Naw! That would be pure copycat syndrome. (AllAfrica)

To give the present reforms of the federal government a more meaningful approach, Minister of Mines & Steel, Chief Tunji Sarafa Isola, has said that the federal government would privatise seven strategic minerals identified as viable resources for economic development. The minerals are Coal, Bitumen, Limestone, Iron Ore, Barite, Gold, and Lead/Zinc. (AllAfrica)

The Nigerian government, for through the Ministry of State Energy (Power), has signed a Memorandum of Understanding with the Republic of France's Ministry for Trade, to pave way for French companies and private investors to participate in the development of the Nigerian economy, especially the power sector. (AllAfrica)

The highway to Nsambya, a Kampala surbub is famed for its road side furniture outlets but makers of rustic furniture say lack of capital has hampered the growth of their business. (AllAfrica)

Kampala If you are an investor on the Uganda Securities Exchange you watched the news on Tuesday night with a little more anxiety. (AllAfrica)

Motorists in Uganda are reaping dividends of the rapid fall in world oil prices but oil companies in the country warn the honeymoon could be short-lived as fluctuation in exchange rates could once again push up the pump rates. (AllAfrica)

Nine vessels laden with 75,050.598 metric tonnes of kerosene are waiting at the country's territorial waters to discharge its contents. (AllAfrica)

In a bid to contribute its quota to the transformation of Nigerian economy, Timeless Newspapers, a Christian publication, recently introduced to the market Timeless Business and Leadership Quarterly, a magazine that is poised to expose all the ills in the nation's economy and chart a way forward for economic managers. (AllAfrica)

Kicukiro district is set to open a new communal market called Zinnia market, Jean de Dieu Musoni, the district Director of Planning has said. (AllAfrica)

The Rwanda Bureau of Standards (RBS) is to harmonise its quality standards with those of other East African Community (EAC) partner sates by mid 2009. (AllAfrica)

Over 700 secondary school directors (headmasters) will undergo training in Information Communication Technology (ICT), courtesy of the Ministry of Education. (AllAfrica)

Rwanda Information Technology Authority (RITA) announced nominees for the first Intego Information Communication Technology (ICT) awards at a press conference held yesterday at Telecom house. (AllAfrica)

A Cabinet Meeting Wednesday named three Director Generals of government institutions that will fall under the Rwanda Development Board (RDB) as deputies to the organ's Chief Executive Officer (CEO). (AllAfrica)

Different authors in developing countries economies have pondered a lot on these issues. However, the question remains; is the growth we have good enough for the poor? (AllAfrica)

SECURITY Minister Amama Mbabazi on Tuesday met 12 of the 15 NRM MPs on the Parliamentary Committee investigating the Temangalo land scandal. (AllAfrica)

WARREN Buffet, according to the Forbes list, is the richest man in the world. He has an estimated wealth of about $62b or more than the size of the East African economy. (AllAfrica)

THE Saudi Arabian investor, Prince Al Waweed, still wants to invest in Uganda, the Uganda Investment Authority has said. (AllAfrica)

Zimbabwe's official annual inflation rate reached 231 million percent in early October, from the July estimate of 11.2 million percent, and the deadlock in talks between the ruling ZANU-PF and opposition parties is likely to push hyperinflation higher. (AllAfrica)

Efforts by the Nigerian Stock Exchange (NSE) and some banks to bail out the nation's stock market from its lingering slide received a boost yesterday as more banks signified their interest to be part of the package. (AllAfrica)

President Yoweri Museveni yesterday confirmed reports that security organisations are on high alert to tackle terrorist groups believed to be planning attacks in urban areas. (AllAfrica)

John Kibwola, 14, braves the scorching afternoon sun as he sells his collection of plastic bottles along Acholi Street in the northern Ugandan town of Gulu. (AllAfrica)

Members of the National Union of Petroleum and Natural Gas workers (NUPENG), and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), joint group executive councils of the NNPC, have threatened to embark on a nationwide strike if after 14 days the Federal Government fails to reverse the proposed sale of the Pipeline Products Marketing Company (PPMC), and the National Gas Company (NGC). (AllAfrica)

Commonwealth countries have called for stricter regulation and surveillance of financial institutions to stop the spread of the current crisis. (AllAfrica)

In spite of the global economic crisis, President Umaru Musa Yar'Adua yesterday assured the nation to remain calm, saying there was no cause for panic as government was doing everything possible to ensure that its impact did not affect government policies.He added that government-private sector partnership would remain the only way out of the crisis. (AllAfrica)

Just weeks after praising Kenya's economic recovery, the International Monetary Fund warned on Wednesday that the country will be among six African states "hit hardest" by the global financial meltdown's effects on trade. (AllAfrica)