All posts by Afolabi Ogunde

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  Nigeria Set to Re-commence Fuel Haulage by Rail

  The Nigerian Railway Corporation (NRC) is set to begin inter-state and inter-regional fuel haulage in the country. This development comes as the Lagos to Kano route is almost re-established. The NRC has been hauling cement inter-state (from...

  • Posted May 10, 2012
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  Hilton to Collaborate with Transcorp on Eight New Hotel Projects

  Hilton Worldwide, owners of chains of luxury hotels across the world, has disclosed its plans to further deepen its partnership with Transnational Corporation of Nigeria Plc (Transcorp) to develop eight new luxury hotel facilities across Nigerian cities...

  • Posted May 10, 2012
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  Ibori Case Causes British Government to Shift Attention to Children of Corrupt Politicians

  The British government has signaled it will begin to clamp down on the children of corrupt politicians in order to further hamper the activities of their parents. This disclosure was made to CNN by Detective Chief Inspector...

  • Posted May 10, 2012
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  Jonathan arrives Addis Ababa for World Economic Forum on Africa

  President Goodluck Jonathan arrived Addis Ababa, Ethiopia Wednesday for the 22nd World Economic Forum on Africa alongside seven other African Heads of States. More than 700 leaders from business, government, civil society, academia, media and the arts...

  • Posted May 10, 2012
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  HSBC Sells Largest Structured Note Linked to Nigerian Debt

  HSBC Holdings Plc (HSBA) sold two structured notes tied to Nigerian government debt, including the largest credit-linked note referencing Africa’s most populous nation since at least 1999. The two 10-month securities, one for $33.5 million and the other for...

  • Posted May 9, 2012
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  Conoco CEO confirms sale of Nigeria assets

  Ryan Lance, the new chief executive officer of ConocoPhillips, on Wednesday confirmed that the U.S. exploration and production company plans to sell its Nigerian assets, but said a deal was not imminent. “We’re testing the market on...

  • Posted May 9, 2012
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  Dangote Cement Sets N 64 Billion Revenue in Q1, 2012 Earnings, Sees No Need For Cement Imports

  Dangote Cement, Nigeria’s largest manufacturer just released its Q1, 2012 earnings. The company reported revenue of N 64 billion, up 17.6% from the N54.5 billion it made over the same period last year. Earnings before Interest and...

  • Posted May 9, 2012
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  Guinness Appoints Yvonne Ike Non-Executive Director

  The Board of Directors of Guinness Nigeria at its meeting of Thursday, 26 April 2012 accepted the resignation of Mrs. Ifeoma Mafeni from the Board of Directors of the Company with effect from 13 April   2012. Until...

  • Posted May 9, 2012
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  Jonathan Awards Oil Blocks Secretly to Unknown Parties

  According to a report from the Vanguard, the Federal Government has awarded oil blocks in a manner that flouts the Extractive Industry Transparency Initiative (EITI) of which Nigeria is signatory. Government recently awarded Otakikpo field in Oil Mining...

  • Posted May 9, 2012
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  EU Calls on Federal Government to Backtrack on Planned Ban of Cement Imports

  The head of the European Union delegation to Nigeria, Ambassador David McRae has called upon the Federal Government to reconsider its plans to ban the importation of cement to Nigeria. The diplomat said the move could cause...

  • Posted May 9, 2012
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