All posts by Afolabi Ogunde

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  FDI to Nigerian Construction Industry to reach $ 9.4 billion by 2021 – Business Monitor Int’l

  INVESTMENT inflow into Nigeria’s construction industry is expected to reach $9.4 billion (N1.5 trillion) by 2021, Business Monitor International, has said in its first quarter report of 2012. In a report released recently by the UK based...

  • Posted May 16, 2012
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  Glo rewards top dealers with 10 SUVs, other prizes

  GLOBACOM has recently set new standards in dealership recognition when it presented spectacular prizes including 10 top of the range Special Utility Vehicles (SUVs), special crystal trophies, 43 utility vans, several million naira credit notes and Samsung...

  • Posted May 16, 2012
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  Minister of State for Finance, Ngama, Berates Oteh

  In his testimony (before the House Committee on Near Collapse of the Capital Markets yesterday), the Minister of State for Finance, Dr. Ngama, when asked whether the competence of the Director General of the Securities and Exchange...

  • Posted May 16, 2012
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  Soludo Takes Lawmakers to School on Capital Markets

  The former CBN governor, Charles Chukwuma Soludo has taken the lawmakers to school on the Capital Markets. His testimony before the House Committee on Near Collapse of the Capital Markets was more like a lecture as he...

  • Posted May 16, 2012
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  Electricity Tariff Hike is Callous, Insensitive and May Cause Violence – Senator

  The former deputy-governor of Ogun State Aegbenga Kaka has called the Federal Government’s plans to increase electricity tariff in the country dangerous, callous and insensitive. Senator Kaka, speaking at the occasion of his 60th birthday in Ijebu...

  • Posted May 16, 2012
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  Naira Falls to Weakest in Two Months on Inflation Concern

  Nigeria’s naira depreciated to the weakest in two months against the dollar after the country’s inflation accelerated. The currency of Africa’s largest oil producer declined 0.1 percent to 158.125 per dollar as of 5:01 p.m. in Lagos...

  • Posted May 16, 2012
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  FG Delays FAAC Revenue Sharing Meeting Again

  The Federal Government has delayed the Federal Accounts Allocation Meeting (FAAC) for the second month fueling speculation that the government is broke. The FAAC meeting is the monthly get-together of Federal and State government in order to...

  • Posted May 16, 2012
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  Inflation Rises to 12.9% in April

  Inflation rose to 12.9% YoY in April driven largely by non-food prices, according to a report from the National Bureau of Statistics. This represents an increase of 0.13% when compared to inflation level in March. NBS stated...

  • Posted May 16, 2012
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  FG Seals N 31 billion Power deal with French Investors

  Two French companies, Electricite de France (EDF) and Enterprise de Transporte et Distribution D’electricity  ((ETDE) have signed agreements with the Nigerian government to invest $ 200 million (N31 billion) in the power sector. The French companies have...

  • Posted May 16, 2012
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  GlaxoSmithKline Q1 2012 Earnings at N 6 billion, up 28.7% YoY

  Pharmaceutical company, Glaxosmith has reported its Q1 earnings for the period ended March 31st, 2012. The company made N 6.3 billion over the 3 months period in contrast to the N 4.9 billion it made over Q1,...

  • Posted May 15, 2012
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