All posts by Afolabi Ogunde

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  The Pads: Luxury in Lekki Redefined

  Nestled deep in the heart of Lekki, sits a new development overlooking the Five Cowrie Creek, two units of immaculately finished 5 bedroom duplexes. Developed by a private real estate company, the Pads are beautiful semi-detached home...

  • Posted June 10, 2012
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  ‘Vogue Italia’s “Rebranding Africa” disaster’

  Everybody’s trying to rebrand Africa, and it isn’t going so well. Vogue Italia’s latest issue — boosted by great billowing gusts of editorial hot air from both the New York Times and the Guardian — is called...

  • Posted June 9, 2012
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  Government Launches Plant for Transformer Maintenance and Repairs

  The Federal Government has inaugurated a new plant for the maintenance and repair of transformers in the country. The plant is managed by Indian expatriates. According to Minister of Power, Barth Nnaji, the GTA Engineering Nigeria Ltd plant based...

  • Posted June 8, 2012
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  Africa CEO Forum Launched At African Development Bank Annual Meeting

  The Africa CEO forum (ACF) was officially launched by Tim Turner, AfDB private sector operations Director, and Amir Ben Yahmed, Vice President of Groupe Jeune Afrique and founder and executive producer of the event, at the Annual...

  • Posted June 8, 2012
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  Boeing Sued By Dana Crash Victim’s Husband, Daughter in US

  Boeing, maker of the MD-83 airliner that crashed in Nigeria on June 3, was sued in the U.S. by the husband and daughter of one of the 153 people aboard the jet who died. David Chukwunonso Allison of Lagos...

  • Posted June 8, 2012
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  MTN Commences $ 1.3 billion Network Upgrade

  Nigeria’s largest telecommunications service provider, MTN has begun a network upgrade that will gulp $ 1.3 billion (N 204 billion) in order to improve it’s capacity and quality of service. The technical partners assisting MTN with the...

  • Posted June 8, 2012
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  Q1, 2012 Earnings: Continental Re’s Gross Premiums top N 2.6 billion

  Continental Reinsurance recently reported its Q1, 2012 earnings to the Nigerian Stock Exchange (NSE). Gross Premiums earned increased to N 2.6 billion, up 26% from N 2.1 billion over the Q1, 2011 period. Underwriting Premiums were N...

  • Posted June 7, 2012
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  Singapore’s Olam buys Nigerian food company for $ 66 million

  Singapore commodities trader Olam International Ltd said on Thursday it bought 100 percent of Nigerian dairy and beverage company Kayass Enterprises S.A. for $66.5 million. Olam said Kayass owns several brands including the beverage “Nature’s Fresh” and...

  • Posted June 7, 2012
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  1,025 Mega Watts on Stand-by From Niger Delta IPPs

  The Niger Delta Power Holding Company (NDPHC) has disclosed that it has 1,025 Mega Watts in three Independent Power Plants waiting to be evacuated to the NAtional grid. Managing Director of NDPHC, Mr. James Olotu said, “We have...

  • Posted June 7, 2012
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  Naira Advances as CBN sells $ 300 million at Auction

  The naira rose for the first time in four days, reversing an earlier drop, as the Central Bank of Nigeria was said to sell dollars to lenders outside its scheduled currency auction yesterday. The currency of Africa’s biggest oil producer...

  • Posted June 7, 2012
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