World`s highest paid employee

Mr del Missier's pay for 2010 consisted of £10.9m in salary and bonus plus a long-term incentive award of £3.35m, making him the highest paid senior executive of the bank. He was just ahead of Rich Ricci, the other co-head of Barclays Capital, who received £14m in salary and bonus for 2010....

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10 tips on writing a successful CV

When it comes to applying for a new job, your CV could be just the ticket to get you that initial foot in the door and secure an interview – but how do you ensure your CV is added to the interview pile rather than thrown straight in the bi...

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World's Richest Dog

Trouble, the beloved Maltese of billionaire Leona Helmsley, became an international celebrity when Helmsley died and left him $12 millio...

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How to set up your first research laboratory

Building your lab By the time John J. Curtin, PhD, was ready to set up his own lab, he was an old hand. During graduate school, his mentor turned to him for help setting up his lab when he expanded into a new space, then hired him to set up another new lab when he switched universities. "I set up my own lab very much the way I set up his," says Curtin, now director of the Addiction Research Lab and associate psychology professor at the University of Wisconsin– Madison. Most new researchers aren't so lucky. And how to set up a lab isn't something...

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Nigeria: Dangote Sugar Withdraws Investment From Algeria

Dangote Sugar Refinery Plc has pulled its investment from Algeria and is planning to make more acquisitions of local sugar farms to boost its backward integration programme and benefit from the Federal Government Sugar Master Plan. DSR had planned to expand its operations to Algeria with a 1.1 million metric tonnes of sugar refining facility in that country. However, chairman of DSR, Alhaji Aliko Dangote, disclosed last Monday that the plan...

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Nigeria Loses U.S.$6Billion Annually to Crude Oil Theft

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) yesterday disclosed that the country loses $6 billion annually to crude oil theft. PENGASSAN's President, Mr. Babatunde Ogun, made this known at a joint forum with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) in Lagos. He said that Nigeria also lost N105 billion to theft of refined products. "This is a threat to our national security and our democracy....

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Explanation: How Brain Training Can Make You Significantly Smarter

As many people hit middle age, they often start to notice that their memory and mental clarity are not what they used to be.  We suddenly can't remember where we put the keys just a moment ago, or an old acquaintance's name, or the name of an old band we used to love.  As the brain fades, we euphemistically refer to these occurrences as "senior moments." While seemingly innocent, this loss of mental focus can potentially have a...

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Unilever Rewards Retailers to Encourage Patronage

Unilever Nigeria Plc, makers of Knorr and Royco seasoning cubes, has rewarded 55 retailers in the ongoing Visibility Challenge organised to reward its loyal consumers in the savoury market in 42 markets across the country. The highlight of the contest, which ended its first phase, came when one market woman won the grand prize of a Kia Picanto car. The winner was one Mrs. Kehinde Ganiyat Abari, who confessed to have been a loyal consumer...

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The Average Yearly Salary of an Airline Pilot

Airline pilots fly jet and turboprop-powered aircraft to transport people from one location to another. These individuals are highly trained professionals: first officers (also known as "copilots" or "FOs") must hold at least a commercial pilot certificate and an aircraft type rating, while captains must hold an airline transport pilot certificate with a type rating. Although many have the impression that airline pilots receive high salaries,...

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Central Bank Sells N134 Billion Treasury Bills

The Central Bank of Nigeria (CBN) Monday sold a total of N133.885 billion treasury bills through its open market operations (OMO). The breakdown of the fixed income instrument showed that while the central bank offered a total of N86.709 billion in a 178-day tenor treasury bills, it also sold a total of N147.177 billion in 164-day bills. The 178-day tenor bill was oversubscribed to the tune of N103.072 billion at the rate of 12.35 per cent....

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Multinationals 'Steal' $50bn Per Year From Africa

It comes as no surprise that large sums of money illicitly leave the African continent each year, but the scale of this movement, as revealed in a new report by the UN Economic Commission for Africa, is shocking. The report, compiled by a high-level panel probing the illicit financial flows from Africa and chaired by Thabo Mbeki, the former President of South Africa, says that illicit transfer of funds from the developing world to the developed countries could amount to a staggering $1.5 trillion every year. The panel points an accusing...

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Pharmaceutical spending is expected to reach $40bn by 2020

As in other sectors, Africa is slowly but surely winning the war against disease and ill health but there is still a very long way to go. While scourges like malaria have declined by about a third and the battle against HI V/Aids is gradually being won, too many people continue to die from preventable illnesses and new threats, such as high blood pressure, are making their mark. The most encouraging trend has been that the cost of drugs has...

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Fidelity Unveils Banking Service to Support SMEs

 Fidelity Bank Plc yesterday launched an initiative tagged the: ‘Fidelity Managed SMEs Business’, in line with its commitment to the growth of small businesses in the country. The bank also disclosed plans to commence a national radio programme aimed at encouraging small and medium scale enterprises (SMEs). Group Managing Director/Chief Executive Officer, Fidelity Bank, Mr. Reginald Ihejiahi, who briefed the media in Lagos, said the...

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Africa`s Richest Man

Aliko Dangote of Nigeria tops the list for the second year running, with a net worth of $12 billion, up from $10.1 billion in November 2011. Most of his net worth lies in publicly traded Dangote Cement, which operates in 14 African countries. Nicky Oppenheimer of South Africa comes in once again as the second richest, with a $6.4 billion fortune—down $100 million from a year ago. Oppenheimer decided in late 2011 to sell his family’s 40% stake...

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