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How 'Piracy' Helped Establish The Dominance Of Nigerian

Posted December 29, 2010 by Nkechi Peters in Entertainment

Earlier this year, we wrote about Kevin Kelly's fascinating look at the movie industries of India, Nigeria and China, which represent the three largest film industries in the world. Yes, all three are larger than the US. And all three are places known for extremely widespread "piracy." Given that Hollywood insists that "piracy" kills the movie industry, it certainly seemed worth noting that these three countries had hugely thriving movie industries despite (or perhaps because of) widespread infringement.

The Economist has an article looking much more closely at the Nigerian movie industry,...

Tags: Nollywood

Heavy Duty vehicles

Posted December 29, 2010 by mbagwu chidinma in Society

I was just wondering if the lagos state govt had plans to reduce d death rate in the state by passing a bill on time restriction for heavy duty vehicles. This bill is suppossed to help curb deaths and hold ups caused by these vehicles. Is it and will it ever be possible?

Nigerian-born entrepreneur Kase Lawal is the epitome of

Posted December 21, 2010 by Nkechi Peters in Society, Business

Nigerian-born entrepreneur Kase Lawal is the epitome of the American dream. Arriving to the US a young, idealistic student, Lawal has carved a name for himself in one of the most competitive industries in the world: Oil.

Now head of a multi-billion dollar empire, his Houston-based company, CAMAC, is one of the largest black-owned businesses in the U.S., generating over $2 billion dollars a year.

Founded nearly 25 years ago, Lawal built CAMAC (which stands for Cameroon-American) from a small agriculture business into a global oil company. But it's taken a lot of hard work, determination and guts ...

Tags: Kase Lawal, oil, billionaire

Turkey to buy oil from Nigeria

Posted December 20, 2010 by Gary in Environment

Turkey will be purchasing oil from at least two African countries through a barter scheme arrangement, State Minster for foreign trade Zafer Çağlayan has announced following a four-day visit to three African countries.

Çağlayan, who had talks in Nigeria, Ghana and Equatorial Guinea during his visit to Africa, proposed a barter scheme to his Nigerian and Ghanaian counterparts.

Officials in these countries have said they would look positively on such a deal, where Turkey will purchase oil from both countries and pay for it by investing in tourism, energy, health and other infrastructure.

The govern...

400 Diaspora Nigerians Return With Jobs, Businesses

Posted December 18, 2010 by Nkechi Peters in Business

Some 400 Nigerian professionals and foreign businessmen have arrived Abuja to explore investment potential of the country and help in reversing the brain drain phenomenon.

The group, which is visiting Nigeria under the aegis of the New Nigeria Initiative in the Diaspora, is expected to meet President Goodluck Jonathan late on Saturday after which it will make its activities known through a press conference on Sunday.

Coordinator and chairman of the advisory council of the group, Chief Peter Mozie, who spoke on behalf of the group in Abuja, said that the group was made of Nigerian experts a...

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