All posts by Afolabi Ogunde

• 
  First Bank partners Ria on International Money Transfer service

  First Bank has partnered Ria International, a money transfer service with operations in over 120 countries. The Managing Director of First Bank, Mr. Bisi Onasanya has described the partnership as a “child of prosperity”, calling it remarkable...

  • Posted June 4, 2012
  • 0
• 
  Power Officials fail in Supervising Key Power Projects – Senate

  The Chairman of the Senate Committee on Power, Phillip Aduda has identified poor supervision of power projects in the country as a reason for the perennial blackouts Nigerians are languishing under. He made this known whilst visiting...

  • Posted June 4, 2012
  • 0
• 
  When Prayer is not the Answer: How the Regulatory Bodies Failed!

  It is on record that the Nigeria Airspace Management Agency (NAMA), the Nigerian Civil Aviation Autority (NCAA) and the Federal Airport Authority of Nigeria (FAAN) hosted a prayer session on March 17th, 2012 to mark five years...

  • Posted June 4, 2012
  • 0
• 
  Amosun awards 32-KM Road Project in Ota to Brazilian Firm

  Governor Ibikunle Amosun, working tirelessly to achieve his Urban Renewal Plan for Ogun State, has awarded a 32 kilometre road project to Brazilian construction firm Prado E Meedo. The contract is to be executed on a Private...

  • Posted June 4, 2012
  • 0
• 
  When the Profit Maximization Policy Claims Lives: Is Dana Air Guilty of Neglect?

  Dana Air is owned by Dana Group, a conglomerate with significant interests in various sectors of the Nigerian economy. Dana Group is the major distributor of Kia motors in Nigeria, it also bottles AquaDana watter, and owns...

  • Posted June 4, 2012
  • 1
• 
  Lawmakers Canvass for Sovereign Fund to be Domiciled in Nigerian Banks

  The House of Representatives have taken another bold step in the interest of the Nigerian economy by demanding an end to the practice of lodging excess proceeds from crude oil sales in foreign accounts. To the detriment...

  • Posted June 1, 2012
  • 0
• 
  Nigerians Routinely Feast on 10-Year-Old Rice – Research

  Research carried out by Punch has revealed Nigerians regularly eat rice that is at least 10 years old. This is directly as a result of the amount of imported rice consumed in the country. Nigeria imports rice...

  • Posted June 1, 2012
  • 0
• 
  FG Agrees on Forbearance Package for Stockbrokers to Stimulate Stock Market

  The Minister of Finance has disclosed that the Federal Government will provide forbearance package to stockbrokers in order to stimulate the stock market. Speaking at the annual meeting of the African Development Bank in Arusha, Tanzania, the...

  • Posted June 1, 2012
  • 0
• 
  GTBank MD Segun Agbaje emerges African Banker of the Year

  Managing Director/CEO of Guaranty Trust Bank plc, Mr. Segun Agbaje has been conferred with the 2012 African Banker of the Year Award by the African Banker Magazine. The African Banker Award recognizes key financial industry leaders across...

  • Posted June 1, 2012
  • 0
• 
  Fuel Subsidy Probe II: KPMG tells Senate FG Overpaid Marketers Billions due to Arithmetic Errors

  The Senate Committee investigating the Fuel Subsidy scheme has been informed by KPMG of overpayments made to marketers in the range of billions. The overpayments were authorized by Petroleum Products Pricing Regulatory Agency (PPPRA). Minister of Trade...

  • Posted June 1, 2012
  • 0