All posts by Afolabi Ogunde

• 
  AGF recovers N14b police pension funds from banks

  The Accountant-General of the Federation (AGF) Jonah Ogunniyi Otunla has recovered a total of N14.07 billion illegally deposited in various commercial banks by the Task Team on Pensions. The money is being kept  with Central Bank of...

  • Posted May 24, 2012
  • 0
• 
  Senators May Seek to water down Fuel Subsidy Investigation

  Despite the thorough job the House of Representatives conducted concerning the Fuel Subsidy Investigation, the Senate has made it clear that they deem it necessary to conduct their own investigation as is their constitutional right. Setting next...

  • Posted May 24, 2012
  • 0
• 
  Senators Take Ownership of PIB Submission Process

  The upper Chamber of the House of Assembly has taken conclusive steps to present a harmonized version of the Petroleum Industry Bill (PIB), after several delays by the Presidency in presenting its own harmonized version. The Chairman...

  • Posted May 24, 2012
  • 0
• 
  CBN calls on Banks to boost Private Sector Credit

  Unhappy with the decline of credit being extended to the private sector by banks in the country, the CBN has called on the banks to increase lending to private sector in order to boost the economy. Governor...

  • Posted May 24, 2012
  • 0
• 
  Transcorp Q1, 2012 Earnings Top N 500 Million

  Transcorp, Nigeria’s most diversified conglomerate has released s Q1, 2012 results on the floor of the Nigerian Stock Exchange. Revenue fell by 22% to N514 million, from N663 million over the corresponding period in 2011. Net Finance...

  • Posted May 23, 2012
  • 0
• 
  Dangote Flour FY 2011 Results, Profits Slide Big, Declares 10k Dividend

  Dangote Flour released its 2011 FY earnings financial statements yesterday. The Flour, Noodles and Spaghetti maker reported sales of N 66.3 billion, down 2% when compared to the N 67.6 billion it made in 2010. Manufacturing costs...

  • Posted May 23, 2012
  • 0
• 
  Dangote, Chinese, Italian Investors top list of investors in Abuja land swap scheme

  DANGOTE Group Plc and Edimo Gruppo of Italy top the list of investors that have expressed interests in the widely acclaimed land swap scheme devised by the Federal Capital Territory Administration (FCTA) to accelerate provision of affordable...

  • Posted May 23, 2012
  • 0
• 
  House Summons Nnaji , NERC over Planned Hike in Electricity Tariff

  The House of Representatives has summoned the Minister of Power and the  Chairman of Nigeria Electricity Regulatory Commission (NERC), Prof. Barth Nnaji, Mr Sam Amadi  rspectively to appear before it next week  to explain the rationale behind...

  • Posted May 23, 2012
  • 0
• 
  How Nigeria May Save Blackberry

  It is no secret that BlackBerry is a far greater force in the developing world than it is in its home continent of North America. Sales outside North America make up 70% of total revenue, and regions...

  • Posted May 23, 2012
  • 4
• 
  MPC leaves Key Lending Rate Unchanged

  The Monetary Policy Committee (MPC), chaired by the CBN Governor, Lamido Sanusi, decided unanimously to maintain the key lending rate at 12%. The MPC cited several factors including a recessionary global economy; reduced domestic economic output in...

  • Posted May 23, 2012
  • 0