All posts by Afolabi Ogunde

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  Tiger Brands plans to buy stake in Dangote Flour

  May 4 (Bloomberg) — Dangote Flour Mills Plc rose to the highest in more than a month on speculation South Africa’s Tiger Brands Ltd. plans to buy stake in the Nigerian producer. The stock jumped 4.9 percent to...

  • Posted May 7, 2012
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  AMCON May Take Keystone, Enterprise and Mainstreet banks Public

  The Managing Director of  the Asset Management Corporation of Nigeria (AMCON), Mustapha Chike-Obi, has disclosed that Keystone, Enterprise and Mainstreet banks may be re-listed (as it were) on the Nigerian Stock Exchange. The former Bank PHB, Spring...

  • Posted May 7, 2012
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  Swiss Oil Company, NIMEX, Sanctioned by PPPRA

  The Petroleum Products Pricing Regulatory Agency (PPPRA) has penalized a Swiss Oil trading firm for violating its policies regarding the supply of Petrol to Nigerian marketers. NIMEX Petroleum Limited was penalized for failing to provide documentation relating...

  • Posted May 7, 2012
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  MTN Subscribers, Boosted by Nigeria, SA & Iran Top 170 Million

  MTN Group, Africa’s largest mobile operator, reported on Friday a 4 percent rise in subscribers for the first quarter, helped by increases in its key markets of South Africa, Nigeria and Iran. MTN, which is currently the...

  • Posted May 7, 2012
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• Total bores relief wells to tackle Nigeria Gas Leak

  French oil company Total has begun drilling two relief wells at a gas plant in Nigeria that was shut down last month because of a leak caused by a technical incident, it said on Sunday. The leak...

  • Posted May 7, 2012
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  Oil Theft Forces Shell to Declare Force Majeure on Bonny Light

  Shell has declared force majeure on Bonny Light crude cargoes. The force majeure took effect from Friday afternoon.  According to the oil multinational, it was forced to take the action due to the incessant pillaging and theft...

  • Posted May 7, 2012
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  Is Government Doing Anything to Make Unilag & Other Universities Safe?

  One cannot be too easily impressed with the security levels at our universities or other public places of assembly for that matter. The security is grossly inadequate and unbecoming of institutions of higher learning especially in a...

  • Posted May 6, 2012
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  Eterna Oil’s Earnings Top N 41 billion in FYE 2011 Audited Report

  Eterna Oil, an indigenous integrated energy company operating in the upstream and downstream petroleum sector recently released its audited financial statements for the year 2011. The company reported a 190.5% growth in headline revenue that topped  N...

  • Posted May 5, 2012
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  Mastercard and Starwood Hotels Partner to Offer Clients Value Added Services in Nigeria

  MasterCard Worldwide and Starwood Hotels & Resorts are rewarding Nigerian MasterCard travelers with a breakfast buffet for two people, each time guests book and pay for their accommodation online at one of the group’s hotels using their...

  • Posted May 4, 2012
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  Facebook plans to raise $10.6 billion in mega IPO

  Facebook Inc aims to raise about $10.6 billion in Silicon Valley’s largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world’s largest social network a market value close to Amazon.com’s. The...

  • Posted May 4, 2012
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