Days of sorrow for the rich are here. It is a worldwide scourge that makes the wealthy, the powerful and the moneybags shed hot tears. That is the new calamity the world faces today that looks worse than the nuclear armament scare we heard but was later averted.

Musical Copyright Society of Nigeria, in conjunction with Mechanical Copyright Protection Society Limited, in a suit filed before a Federal High Court in Lagos, urging it to restrain Skye Bank Plc and Performing and Mechanical Copyrights Society from the unauthorised use of alleged pirated musical works to advertise its financial products, is also claiming N30 million damages from the defendants.

Tuesday turned out to be another nightmare for investors as 65 equities suffered various levels of depreciation on the Lagos floor of the Nigerian Stock Exchange (NSE).

World oil prices sank today below $90 as the raging global recession took a further toll and the outlook was bleak for an increase in energy demand.

The Central Bank of Nigeria governor, Prof. Chukwuma Soludo over the weekend disclosed to Daily Sun a series of measures taken by the apex bank to crash the prevailing interest rate in the system.

The Lagos state government is considering exploring the use of wind energy as an alternative source of power supply. This is a project that could cost the state about N34 billion (200 million euros).

The N7 billion suit filed by 406 former employees of Afribank Plc against the bank, begins at the Justice O.A. Dabiri High Court, Igbosere, Lagos Island, tomorrow.

They speak in the clipped tones of the British upper class or the soft drawl of southern California. They boast degrees and work experience from elite overseas institutions. And now they're coming home.

Less than 48 hours after a major bank in the United States of America (USA), Leyman Brothers, failed in the wake of the global financial crisis, the Central Bank of Nigeria (CBN) has decided to inject N150 billion into the financial system.

In terms of the scale of individual enterprises, the degree of corporate organization and the size of diversity of investment, Nigerian private capital have advanced well beyond African enterprise.