All posts by Afolabi Ogunde

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  Nigerian Stock Exchange Watch: Bearish Sentiments Prevail, Dangote Flour (+4.91%) Still Upbeat

  The Bears dominated the market today forcing the market to retreat 58 basis points as the All Share Index closed at 22,422.43. The banking sub-sector was entirely virtually in the red with the exception of Unity Bank...

  • Posted May 15, 2012
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  DEBT MANAGEMENT AND ECONOMIC SUSTAINABILITY (9)

  From Ireland, Greece, United Kingdom, France to  Netherlands one thing is clear and that is the determination of the European citizens to resist their Government’s approach to adopting austerity measures that is impeding the growth prospects of...

  • Posted May 15, 2012
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  Internet Revolution in Nigeria

  Many important discoveries and inventions have changed the way things work in our world over the years but I don’t think any of them can compare to the Internet. Its impact on the lives of so many...

  • Posted May 15, 2012
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  IMF: 2012 Growth In Sub-Saharan Africa Seen At Least 5.5%

  ADDIS ABABA, Ethiopia -(Dow Jones)- Countries in sub-Saharan Africa are expected to register economic growth of at least 5.5% in 2012, compared with 5% last year, driven by new resource exploitation and recovery from drought, the International...

  • Posted May 15, 2012
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  FG Secures US$ 467 million World Bank, AfdB Debt Financing for Roads

  The Minister of Works, Mike Onolememen, has disclosed that the World Bank and African development Bank has committed $ 467 million in debt financing for the rehabilitation and expansion of Nigeria’s road network. The minister disclosed this...

  • Posted May 15, 2012
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  Organized Private Sector Against Electricity Tariff Increase

  The government announced plans to increase the hike in electricity tariff months ago, yet Nigerians have not reacted the way they did to the fuel subsidy removal. Kicking against the policy however are elements of the Organized...

  • Posted May 15, 2012
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  Boko Haram: Toll booths as a Strategic National Security Defense Tactic

  Toll booths are not just tools the Tinubu Lagos Industrial Governmentima Complex (TLIGC) uses to shore up its capital base. They can also be information and communication technology tools our security apparatus may utilize to counter the...

  • Posted May 15, 2012
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  Lagos, Aba and Kano to get Uninterrupted Power in 2013

  The Minister of Power, Barth Nnaji, has said that major industrial cities in Nigeria will enjoy sustainable uninterrupted power by 2013. He made the disclosure whilst speaking at a workshop titled ‘Enhancing the productivity of Nigeria’s Industries’...

  • Posted May 15, 2012
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  Nigerian Stock Exchange Watch: Market Dips 0.31%, Dangote Stocks Drive Bourse Performance

  The Nigerian Stock Exchange dipped in today’s trading shedding 0.31% on the back of a bearish outing by the highly capitalized participants. Names such as First Bank (-1.77%), Zenith (-0.27%), Nigerian Breweries (-0.01%), and Dangote Cement (0.00%)...

  • Posted May 14, 2012
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  Skye Bank Signs Novel $150 million Loan Agreement With 3 International Lenders

  Skye Nigeria signed a $150 million five-year term-loan facility with African Export-Import Bank, Citigroup Inc. and Standard Bank Plc, who are the mandated lead arrangers and book-runners, according to a statement from Standard Bank, a unit of...

  • Posted May 14, 2012
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