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Sunday, November 8th, 2009

Pfizer Settles with Nigeria for $75 Million

July 29, 2009 by Stephen Kersey  
Filed under Business News

Pfizer Settles with Nigeria for $75 Million

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

Nigerian Militants Threaten Oil Companies

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 Will Fuel The Next Large Expansion For Digital Gold Currency?

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

Inside Look: Nigerian Consumers and HYIPs

In the digital currency business, online ponzi scams and pyramid deals are a real global problem. Trying to prevent this type of fraud means exposing the scam and educating potential victims. Its a big job but I’m happy to say that some people are making a positive difference. Here is one of them.


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