World News

U.S. warns of plan to attack hotel in Nigerian business hub Lagos

* U.S.: Plan targets Sheraton hotel near Lagos * U.S.: “Groups associated with terrorism” behind the plot * Lagos has not been attacked by Islamist militants before * Capital Abuja to host World Economic Forum next week   The United States has warned its citizens of a plan to attack […]

Economic Recovery: Irish Banks Stabilised-IMF

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Friday reported that due to the stabilisation of banks in Ireland, its economy is beginning to recover. Craig Beaumont, IMF Mission chief to Ireland said this at the end of his mission’s visit to the country as part of the […]

Nigeria Must Cut Reliance on Oil Income, Finance Minister Says

Nigeria needs to diversify its income beyond oil exports by finding ways to generate more taxes from other industries, Finance Minister Ngozi Okonjo-Iweala said. “We need to ramp up our efforts to tax the non-oil sectors of the economy to create more revenue for the government,” Okonjo-Iweala told reporters today […]