All posts by Afolabi Ogunde

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  BP to Partner Ekiti on Bio-Fuels, Refineries

  EKITI State and the British Petroleum (BP) are set to partner in the area of bio fuel as well as crude and refined oil products. This is part of the outcome of a meeting between Ekiti State...

  • Posted May 11, 2012
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  Senate Reduces Charges for FRSC License Plates, Drivers License, Postpones Implementation by 6 Months

  The Senate Committee on Federal Character and Inter-Governmental Affairs has scored serious points with the Nigerian people as it has ordered the Federal Roads Safety Commission (FRSC) to reduce the cost to Nigerians of the new license...

  • Posted May 11, 2012
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  FG to Provide N 50 billion for Electricity Bill Subsidy Ahead of June 1 Tariff Hike

  The National Economic Council (NEC) has approved the sum of N 50 billion for electricity bill subsidy in the country. This is ahead of the new billing regime pronounced by the hike in tariffs expected to take...

  • Posted May 11, 2012
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  Dangote Disputes World Bank Report on Ogun State

  Foremost Nigerian industrialist, Alhaji Aliko Dangote has disputed a joint International Finance Corporation and World Bank Report entitled, “Doing Business in Nigeria”. The report released in 2010 used four indicators to measure the ease of doing business...

  • Posted May 11, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.1%) Dips Marginally, Dangote Flour (+4.95%) on Bull Run

  Now is a good time to envy investors holding Dangote Flour shares. The company’s stock is up 16% this week alone propelled by rumors Tiger Brands of South Africa is planning to make some sort of investment...

  • Posted May 10, 2012
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  Dangote to Spend $ 7.5 billion on Expansion, Cement May List on LSE by Q3, 2013

  Billionaire Aliko Dangote said his conglomerate needed to spend $7.5 billion in the next four years to expand operations in a range of sectors. “We are going into something big. We are going into mining, petrochemicals, cement...

  • Posted May 10, 2012
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  Nigeria Gold Rush Exposes Thousands of Children to Lead Poison

  A gold rush in northern Nigeria risks exposing tens of thousands of children to lead poisoning in what may already be the worst such crisis in history, Medecins Sans Frontieres said. Residents of the northern Zamfara state started artisanal...

  • Posted May 10, 2012
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  Dangote Sugar Q1, 2012 Profits Up 101% YoY

  Dangote Sugar has announced its Q1 earnings. The company reported a 24% increase in sales. Turnover for the period was N26.7 billion as against the N 21 .5 billion it made over the same period last year....

  • Posted May 10, 2012
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  Does the Arunma Oteh Situation Prove Harvard Degrees Are Overrated in Nigeria?

  Arunma Oteh did not need to consult her senior management staff at SEC in order to unilaterally approve a N 500 billion AMCON bond. Is this because she is some sort of Amazon Wonderwoman? No, she has...

  • Posted May 10, 2012
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  Lufthansa Must Pay N 2.4 billion Debt – Senate Aviation Committee

  German airline Lufthansa has been ordered by the Nigerian Senate to pay US$ 14.8 million or over N 2 billion to the country as damages for flouting a Bilateral Air Service Agreement (BASA) it entered into with...

  • Posted May 10, 2012
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