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			<title><![CDATA[Islamic Development Bank's $4bn Facility: Opportunity Waiting to be Tapped ]]></title>
			<link>http://businessworldng.com/web/articles/2301/1/Islamic-Development-Banks-4bn-Facility-Opportunity-Waiting-to-be-Tapped-/Page1.html</link>
			<description><![CDATA[So far, the Islamic Development Bank Group (IDB) has injected about  
$470 million into project and trade financing operations in various 
sectors of the Nigerian economy. But in the years to come, the bank 
plans to do far more than this. President of IDB Group, Dr Ahmad Mohamed
 Ali Al-Madani, stated that IDB is not a religious bank but a 
development finance institution in the mould of African Development 
Bank, Asian Development Bank, Inter-American Development Bank, and 
promised that in the next three years, the bank will extend a total 
credit of $4 billion to Nigerian businesses, governments and 
individuals. Clearly, therefore, the IDB presents a huge funding 
opportunity to Nigerian businesses, individuals and to the different 
tiers of government in Nigeria. Interestingly, all the lending of the 
IDB is based on the non-interest or profit-sharing banking model. In 
other words, beneficiaries of the IDB facilities do not carry the burden
 of compound interest on the facilities extended to them.  ]]></description>
			<author>no@spam.com (Ray Echebiri)</author>
			<pubDate><![CDATA[Tue, 27 Mar 2012 15:30:24 UTC]]></pubDate>
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			<title><![CDATA[BusinessWorld 100: Fortunes of Nigeria’s Top Companies Nosedive]]></title>
			<link>http://businessworldng.com/web/articles/1656/1/BusinessWorld-100-Fortunes-of-Nigerias-Top-Companies-Nosedive/Page1.html</link>
			<description><![CDATA[THE global economic crisis took a toll on Nigeria’s largest 100 companies in 2009. According to the 2009 edition of BusinessWorld 100, an annual publication of BusinessWorld newspaper that focuses on the performance of publicly-held companies in Nigeria, the fortunes of Nigeria’s largest 100 (quoted) companies declined seriously during the year under review. <br/>]]></description>
			<author>no@spam.com (Ray Echebiri)</author>
			<pubDate><![CDATA[Mon, 18 Oct 2010 12:30:24 UTC]]></pubDate>
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			<title><![CDATA[Jubilee Summit: Nigeria Celebrated from Business Perspective ]]></title>
			<link>http://businessworldng.com/web/articles/1517/1/Jubilee-Summit-Nigeria-Celebrated-from-Business-Perspective-/Page1.html</link>
			<description><![CDATA[Nigeria’s Golden Jubilee Business Summit and Cultural Gala Dinner
organized by BusinessinAfrica Events in London last week brought
together Nigerians and friends of Nigeria (individuals and corportates)
from far and wide. It was a great opportunity to celebrate Nigeria at
50 from a business perspective. Ray Echebiri who participated in the
summit reports that the consensus was that Nigeria has the potential to
be a great nation, but has definitely not become great yet.]]></description>
			<author>no@spam.com (Ray Echebiri)</author>
			<pubDate><![CDATA[Mon, 05 Jul 2010 10:30:24 UTC]]></pubDate>
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			<title><![CDATA[Farouk Abdulmutallab Made Me a Liar]]></title>
			<link>http://businessworldng.com/web/articles/1167/1/Farouk-Abdulmutallab-Made-Me-a-Liar/Page1.html</link>
			<description><![CDATA[FOR me, it remains a trip to remember. There was no single dull moment.
It was either that Azu Ishiekwene (then Editor of the Punch, and now
executive director of the same newspaper), had literally got lost in
Borders Bookshop while combing the large bookshop for books that were
possibly out of print or Ibim Semenitari (then Editor of Board Street
Journal and now commissioner for Information in River State), had gone
out to fetch herself a cup of Starbucks coffee. Lost in thought, Azu
and I wondered if her keeping long meant she was negotiating to buy the
Starbucks company instead. It was fun all the way as we had the best of
the two worlds of work and leisure.]]></description>
			<author>no@spam.com (Ray Echebiri)</author>
			<pubDate><![CDATA[Tue, 05 Jan 2010 16:30:24 UTC]]></pubDate>
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			<title><![CDATA[IMF Scores Nigeria’s Economy Low]]></title>
			<link>http://businessworldng.com/web/articles/393/1/IMF-Scores-Nigerias-Economy-Low/Page1.html</link>
			<description><![CDATA[THE impact of the on-going global economic crisis on Nigeria’s economy
will be very heavy as the economy heads for its lowest growth in a
decade. In its World Economic Outlook (April 2009) released in
Washington D.C, the International Monetary Fund (IMF) projected that
the Nigerian economy will only grow by 2.9 per cent this year.]]></description>
			<author>no@spam.com (Ray Echebiri)</author>
			<pubDate><![CDATA[Mon, 27 Apr 2009 17:00:24 UTC]]></pubDate>
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