Nigerian Media Workers Demand removal of Managing Directors | On Strike

The Workers of New Nigeria Newspaper have instigated an indefinite strike yesterday that led to the shutdown of the company, demanding that Managing Director of the Company Mr. Ndanusa Alao to be sacked.

American al Qaeda Spokesman Arrested and Charged with Treason – Update

Adam Gadahn, California has been arrested by Pakistani Security forces outside of Karachi. Gadahn will be the first American charged with treason since World War II.

Netherlands Memoranda Aids Millions of Nigerian Farmers

The Netherlands has signed a Memoranda of Understanding with Nigeria on agricultural sector of the country that would enable the Netherlands invest and develop the agricultural business capability of Nigeria that will liberate over 20 million farmers from poverty.

Nigeria Loses 175 Billion Naira Within 9 Years to Pipeline Vandalism

By: Victor Ulasi, Nigeria
Mohammed Barkindo, Group Managing Director of the Nigerian National Petroleum Corporation, has disclosed that Nigeria has lost 175 billion Naira from 2000 to 2009 on petroleum products, damages, and pipeline vandalism.
Nigeria has postponed the exports of over 300,000 barrels of crude oil and 140 standard cubic feet of gas because militants have attacked Crude oil export [...]

China Unseats Japan As Second Largest Industrial Manufacturer

China has overtaken Japan as the world’s second largest industrial manufacturer, after the United States, the United Nations Industrial Development Organization announced.

Denmark should increase support for youth amid rising unemployment, says OECD

Denmark’s dynamic youth labour market and well-developed activation strategy have helped young people weather the current recession better than their peers in most OECD countries. But youth unemployment is still rising and Denmark should scale up recent initiatives to help disadvantaged youth and extend activation rules to cover more young Danes, according to a new OECD report.

Nigeria loses $325m annually over 85 percent counterfeit Textile products in the country

Textile Manufacturers Association (NTMA) has disclosed that Nigeria loses over $325 million annually because of evasion of customs duty and Value Added Tax (VAT) on smuggled textile materials into the country, as 85 percent of textiles in Nigeria are counterfeit.

Governments agree to protect endangered sharks under UN-backed treaty

A landmark agreement to protect shark species threatened with extinction was reached today by over 100 countries signed up to a United Nations-supported wildlife treaty, according to the UN Environment Programme (UNEP).

Nigeria debt hits $25.743 billion (USD) while Nigeria heads for additional loans for 2010 National budget

Nigeria National Assembly may not be able to approve the 2010 budget of the country as the Director General, Debt Management Office (DMO), Abraham Nwankwo, has released the country debt record stating that Nigeria now owes N3.812 trillion or $25.743 billion in 2009 against $22.229 billion recorded in 2007.

A Nigerian loses 1,428 United State dollars on internet and ATM fraud

It was a mid-drama in a famous Nigerian bank (Bank name withheld) as one Ojomo Olorunrokan was duped on the internet through his ATM card that made him to lose the total sum of 200, 000-naira equivalent to 1,428 US dollars withdrawn from his account.

How would one go about this without being noticed | U.K. Firm Pleads Guilty to Illegally Exporting Boeing 747 Aircraft to Iran

Balli Aviation Ltd., a subsidiary of the United Kingdom-based Balli Group PLC, pleaded guilty today in the U.S. District Court for the District of Columbia to a two-count criminal information in connection with its illegal export of commercial Boeing 747 aircraft from the United States to Iran, announced David Kris, Assistant Attorney General for National Security; Channing D. Phillips, U.S. Attorney for the District of Columbia; Thomas Madigan, Acting Deputy Assistant Secretary of Commerce for Export Enforcement; and Adam J. Szubin, Director of the Department of Treasury’s Office of Foreign Assets Control.

Nigeria to be delisted from the Organization of Petroleum Exporting Countries

National Petroleum Investment Management Services (NAPIMS) of Nigeria has expressed great concern that Nigeria will soon be delisted from the Organization of Petroleum Exporting Countries (OPEC), as Nigeria is gradually running out of crude oil.

UK officially out of recession | Video

The UK recession finally came to an end in the last three months of 2009.

Office of National Statistics figures show a 0.1 per cent expansion in the economy between October and December ended six straight quarters of shrinking output.

Appears a lot of Foreign Bribery dealings going on between 2000 & 2008

Houston-based Willbros Group Inc. (Willbros), were sentenced today for their roles in a conspiracy to pay more than $6 million in bribes to government officials of the Federal Republic of Nigeria and officials from a Nigerian political party, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and Acting Assistant Director in Charge John G. Perren of the FBI’s Washington Field Office.

Starbucks sees its profits triple

Starbucks is continuing to prove that it has successfully turned its fortunes around as it sees its latest quarterly profits more than triple.

Three New York Businessmen with Laundering Money Through Iran

From 2007 to 2008, SAFARHA, MOHAMEY, and MAHALATY engaged in the transfer of illicit funds to Iran through the use of the “hawala” system, a money remittance system that facilitates the transfer of money outside of traditional banking channels. In the hawala system, funds are transferred by customers to a hawala operator, or “hawaladar,” in the United States, and corresponding funds, less any fees, are disbursed to recipients in another country by hawaladar associates in that location.

Chester County Man Sentenced to Four Years for Conducting Illegal Business with Iran

Ali Amirnazmi, 66, of Berwyn, PA, was sentenced today to 48 months in prison for his February 13, 2009 conviction on one count of conspiracy to violate the International Emergency Economic Powers Act (IEEPA), three counts of violating IEEPA, three counts of making false statements to federal officials, and three counts of bank fraud, announced United States Attorney Michael L. Levy. The IEEPA makes it a crime to willfully violate U.S. sanctions on designated countries (including Iran).

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