All posts by Afolabi Ogunde

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  FG loans N276b to 5 million farmers in 2012

  The Federal Government is committing N276 billion, secured as loans from commercial banks, to reach five million farmers this year, the Minister of Agriculture and Rural Development, Dr Akinwunmi Adesina, has said. Adesina said this at Orin-Ekiti in...

  • Posted May 4, 2012
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  Multinational Oil & Gas, Telecomms Companies Will List on NSE – FG

  Multinational companies operating in the Oil & Gas and Telecommunications sectors will soon be compelled by the Federal Government to list their shares on the Nigerian Stock Exchange. The Minister of State for Finance, Dr. Yerima Ngama,...

  • Posted May 4, 2012
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  NCC Aims To Sanction MTN Over Poor Quality of Service

  MTN has been queried by the Nigerian Communications Commission (NCC) over the poor quality of its services. The telecommunications regulatory body has inquired from MTN to provide details on why it should not be sanctioned by the...

  • Posted May 4, 2012
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  Lagos Acquires Land in Other States for Farming

  The Lagos State Government has disclosed a unique aspect of its agricultural initiatives. In addition to the rice production (20,000 tonne per annum Rice Milling Plant at Imota); Cassava Production and Processing (including high quality cassava flour...

  • Posted May 4, 2012
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  Nigerian Stock Exchange Watch: ASI Continues to Climb, YTD Performance at 8.72%

  The All Share Index continued its ascent today gaining 0.84% to close at 22,537.98. The banking sub-sector continues to drive the positive performance of the Exchange as nine banks recorded positive price appreciation in the day’s trading....

  • Posted May 3, 2012
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  Q1 2012 Earnings: Zenith Banks N 19.2 billion PAT, Holds N 1.67 trillion in Deposits

  Zenith bank released its first quarter financial statements today. The top-tier bank made N 72.4 billion in Gross Earnings between January and March this year, up 33% from the N 54.3 billion it made at the end...

  • Posted May 3, 2012
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  Lawmakers Do Not Have the Petroleum Industry Bill

  The National Assembly has stopped all versions of the Petroleum Industry Bill (PIB) before it. There is no such bill as Petroleum Industry Bill (PIB) before the lawmakers at both the lower and upper chambers of the legislature,...

  • Posted May 3, 2012
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  Nigeria’s Scanpower Partners Siemens on 1,600 MW Power Plant in Lekki

  Siemens, one of the world’s leading providers of energy solutions has been partnered by Nigerian company – Scanpower to build a 1,600 Megawatt Gas turbine power station in Lekki. Chief Executive Officer of Siemens AG stated, “A...

  • Posted May 3, 2012
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  Nnaji Blames Poor Power Supply on “Tough Luck”

  Whilst Nigerians languish under immense inconvenience and hardship due to the inavailability of adequate or infact any power supply in most parts of the country, the leadership we look to in order to seek solutions to the...

  • Posted May 3, 2012
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  CBN Faults Fuel Subsidy Report

  The Central Bank of Nigeria has denied making payments of N 844.9 billion to the Nigerian National Petroleum Corporation (NNPC) for fuel subsidy, as alleged in the Fuel Subsidy Report. In a letter to Speaker Aminu Tambuwal...

  • Posted May 3, 2012
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