All posts by Afolabi Ogunde

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  Reps Order Investigation into =N= 155 Billion Oil Block Scandal

  The House of Representatives are not resting on the laurels they received for conducting a thorough investigation of the Fuel Subsidy scheme. The proactive lawmakers have turned their attention towards the N 155 billion oil block scandal...

  • Posted June 1, 2012
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  Q1, 2012 Earnings: RT Briscoe Revenue in at N 5.46 billion (+19%)

  RT Briscoe, the largest distributor of Toyota and Ford vehicles in sub-Saharan Africa has transmitted its Q1 2012 Earnings to the Nigerian Stock Exchange. The company reported sales of N 5.46 billion, up 19% from N 4.6...

  • Posted May 31, 2012
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  GSM Companies Meet NCC Over N 1.17 billion Fine

  Four Nigerian telecoms operators have met with the sector regulator to discuss fines imposed earlier this month for poor service quality, the chief executive of Etisalat Nigeria told Reuters on Thursday. Etisalat Nigeria, an affiliate of United...

  • Posted May 31, 2012
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  U.S. Imports Of Nigerian Crude Declined To 15-Year Low In March

  U.S. imports of Nigerian crude slumped to the lowest level in more than 15 years in March, according to Energy Department data. Africa’s largest oil producer shipped 337,000 barrels a day of crude to the U.S., the least since...

  • Posted May 31, 2012
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  23.73 million homes don’t have electricity – NERC committee

  A total of 23.73 million households, out of the 28.9 million in the country, do not have access to the national electricity grid, the Committee on Public Inquiry on Metering in the Nigerian Electricity Supply Industry has...

  • Posted May 31, 2012
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  N 8 billion Kaduna Indomie Factory Second Largest in the World

  Dufil Prima Foods, the manufacturers of Indomie instant noodles recently commissioned the phase 1 of its Kaduna factory built by its subsidiary Northern Nigeria Noodles. The phase 1 gulped $ 20 million in construction costs even as...

  • Posted May 31, 2012
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  THE IMPLICATION OF THE LINGERING CRISIS BETWEEN THE LAGOS STATE GOVERNMENT AND THE MEDICAL GUILD

  It’s now over three weeks that the Fashola Administration in Lagos, in a kangaroo style, sacked 788 striking medical doctors. Still, Governor Fashola and his government, against the voices of reason and conscience are adamant, maintaining their...

  • Posted May 31, 2012
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  Fx Naira/USD: Naira weakens on short dollar supply

  The Nigerian naira fell against the U.S dollar on the interbank market on Wednesday, as expected month-end dollar flows from oil companies failed to materialise, creating a dollar shortage in the market, traders said. The naira closed...

  • Posted May 31, 2012
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  Reasons Cooking Gas Price is on the Increase – Retailers

  Cooking gas consumers are consistently faced with higher cost of gas refills every time they go to refill their canisters. To the uninformed, it would appear that the retailers have a ritual of arbitrarily increasing the price...

  • Posted May 31, 2012
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  Fuel Subsidy Probe II: PPPRA Boss Accused of Making False Submissions to Senate Committee

  The Senate Committee Investigating the Fuel Subsidy Scheme has been bamboozled by the submission of conflicting information regarding total subsidy payments attributable to 2011. The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA) has been...

  • Posted May 31, 2012
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