Pfizer Settles with Nigeria for $75 Million
July 29, 2009 by Stephen Kersey
Filed under Business News
Pfizer, one of the largest drugmakers in the world, finally settled a lawsuit filed by the African country of Nigeria. According to an Associated Press source, Pfizer has agreed to pay a total of $75 million in damages.
In 1996, Pfizer conducted experiments that were aimed at aiding Nigerians with meningitis. Instead, nearly a dozen children died in the 200 person study. Others were left handicapped for life. While Pfizer contends that it was meningitis that did the damage — not their drugs — this settlement is better for the company than the $5 billion Nigeria initially sought.
Of the $75 million, …read more
Nigerian Militants Threaten Oil Companies
July 4, 2009 by Mark Ellis
Filed under Business News
Oil companies that are trying to expand into Nigeria face a significant roadblock in the form of the Movement for the Emancipation of the Niger Delta, or MEND. This Nigerian militant group has threatened to destroy a planned trans-Saharan pipeline project, if it is ever built.
MEND has specifically warned Agip, Total, and Exxon Mobil, the three companies still operating in the Niger Delta, that they have three days to leave before new attacks may be launched. Chevron has already cancelled operations in the area because of several attacks on its onshore operations.
Niger and Nigeria have already forged an agreement to …read more
What Will Fuel The Next Large Expansion For Digital Gold Currency?
September 26, 2007 by Mark
Filed under Personal Finance
What does the future hold for digital gold currency? Where will the next growth spurt come from and which group will lead the way?
Inside Look: Nigerian Consumers and HYIPs
August 5, 2007 by Mark
Filed under Personal Finance





