LBN News Digest: Nigeria's Unemployment Cancer, 6 Billion Naira Fraud Revealed on the reportFashola says Lagos will no Longer Pay FG's Imposed Wage Increase

Guest Post: “Mad Men?”: Business Looks Past Boko Haram, Focuses on Growth in South
Council on Foreign Relations (blog)
by Guest Blogger for John Campbell A view of the trading floor at the Nigerian Stock Exchange (NSE) at the end of trading hours in Lagos April 24, 2012. (Akintunde Akinleye/Courtesy Reuters) This is a guest post by Jim Sanders, a career, now retired,

Nigeria state seeks husbands for 1000 brides-to-be
Los Angeles Times
In Nigeria’s Kano state, where the number of divorcees is cause for concern, the government is acting as matchmaker to help ex-wives and widows find Mr. Right. Divorcee Altine Abdullahi is among 1000 Nigerian women who have turned to the Kano state

Bonga development gets boost as Shell Nigeria, others enter $30million contract
The development of Bonga North-West, Nigeria’s premier deep water project has received a fresh boost with the award of a $30 million contract to AVEON Offshore Limited, a fully indigenous oil and gas services company. The contract is coming shortly

Nigeria’s unemployment cancer
Delivering an address at the Owerri Conference, Dr. Jacobs lamented that multiple taxation or uncoordinated tax administration has been threatening the survival and growth of businesses in Nigeria. “The incidence of multiple taxation is reported to be

Promoting Cashless Nigeria with World Class Products and Services
No doubt, one Nigerian company that has been promoting cashless Nigeria with world class products and services is Globasure Technologies Limited. With the philosophy of success through partnership, the company believes in leveraging the collective

Fashola says Lagos will no longer pay FG’s imposed wage increase
The Nigerian Governors’ Forum (NGF) a conference of state governors, has proposed a new revenue sharing formula to the Federal Government, saying there is no longer any justification for the government at the centre to continue taking the largest share

World Bank commits N139.5bn to agric sector
World Bank is committing N139.5bn (about $900 million) to help in ensuring food security in Nigeria, the Minister of Agriculture, Akinwumi Adesina, has said. Adesina said the ministry has successfully concluded a Nigeria business forum in United States

Nigerian business contacts to be center stage at African World Expo in Cobo
Crain’s Detroit Business
By Meghana Keshavan The African World Expo, a forum to encourage business between the US and Africa, will take place Wednesday at Cobo Center. Business leaders and delegates from the Nigerian government will be attending so that US manufacturers and

International clothing brands explore Nigerian market
Following the new influx of international commodities’ retailers into the Nigerian market, two foreign clothing giants have opened shops in the country in quick succession, indicating the new preference in formal retail business in the country.

6bn fraud revealed on the report – Nigeria Business Directory
Nigeria’s parliament is to discuss a report said to reveal that $6bn (£4m) has been defrauded from the fuel subsidy fund in the past two years.

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