LBN Business & Political News Digest: Survey Shows Nigeria's Unemployment Rate at 23.9% in 2011, Nigeria Loses N700b on Kaduna Refinery, Lessons for East Africa From Nigeria Fuel Crisis

Jonathan decries poor ratings of Nigerian varsities
Fidelity Bank Managing Director, Mr. Reginald Ihejiahi and political economist, Prof Patrick Okedinachi Utomi received Doctor of Business Administration honoris causa while former NigerianBar Association President Olisa Agbakoba bagged the Doctor of 

Nigeria not a dumping ground, Minister tells investors
The Nation
Nigerians must get value for the money used to patronise products, he said.” He congratulated SCOA Nigeria Plc for the progress since its establishment in Kano in 1929. The company, Umar said, has become foremost multinational company, with thousands 

EFCC Storms Kaduna Refinery – Nigeria Business News
Operatives of the Economic and Financial Crimes Commission (EFCC) are now in Kaduna to investigate the activities of the Kaduna Refining and 

UK boosts healthcare in Nigeria with N5bn
The Nation
At the stakeholders’ meeting which had participants drawn from the pharmaceutical companiesunder the aegis of Pharmaceutical Manufacturers Group of Nigeria (PMG MAN) in attendance, PATH2 management said the key objectives of the meeting was to 

End of the Road for PHCN
He brought to the fore reports in the newspapers that some manufacturing companies in Nigeriawere moving to Ghana. He said the manufacturing companies in Nigeria were already folding up and were relocating to Ghana because of the country’s acute power 

Cashless Lagos and its many challenges
We have progressed in forging effective partnership with telecommunication companies with the cooperation of the Nigerian Communications Commission while ensuring that structural impediments such as un-interoperability of payments networks of 

Nigerian national held with cocaine worth Rs 35 lakh
Adebola Prosper, hailing from Lagos in Nigeria, was apprehended from Rajouri Garden yesterday, Sanjay Bhatia, Additional Deputy Commissioner of Police (Crime), said. Prosper came to Delhi in October last year on a business visa and started living with 

Survey shows Nigeria’s unemployment rate at 23.9% in 2011
Nigeria’s unemployment rate increased to 23.9 percent in 2011 compared with 21.1 percent in 2010 and 19.7 percent in 2009, reveals the National Bureau of Statistics (NBS). The “Nigerian unemployment report 2011” prepared by the NBS shows that the rate 

Lessons for East Africa from Nigeria fuel crisis
Business Daily Africa
Nigeria has four refineries owned by the National Petroleum Company with an installed capacity of 445000 barrels a day. Its demand for petroleum is about 325000 barrels a day, which implies that if the refineries were processing at full capacity there 

Photocredit: Greekshares

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