All posts by Afolabi Ogunde

• 
  RenCap sets up Nigerian finance business

  Renaissance Capital is setting up a consumer finance business in Nigeria as the Russian bank hopes to tap the fast-growing economy’s rising middle class and diversify further from investment banking. The privately owned investment bank, which almost...

  • Posted April 30, 2012
  • 0
• 
  Incessant Bomb Blasts: Is Anybody Safe Anywhere?

  The 2012 budget places N 1 trillion in the hands of the executive arm of government for spending. How is the government spending this money? We see the renovations FAAN is making at airports across the country....

  • Posted April 30, 2012
  • 0
• 
  Nigeria Seeks 4 Billion-Barrel Per Day Crude Oil Capacity

  Nigeria plans to increase oil production capacity to 4 million barrels a day by 2020 and expand its crude reserves to 40 billion barrels, Petroleum Minister Diezani Alison-Madueke said. Africa’s largest oil producer also aims “in the years...

  • Posted April 30, 2012
  • 0
• 
  Lagos State to Float Fund for ICT Innovation

  The Lagos State government has disclosed it has plans to develop an innovation fund focused on information and communications technology in order to promote enterprise amongst the populace, as well as strengthen its economic development. The Fund...

  • Posted April 30, 2012
  • 0
• 
  FCMB Terminates Employment of 550 Finbank Staff

  The management of FCMB Plc has terminated the employment of 30% of Finbank staff numbering 550 people. This is following the merger between the two banking brands and the resulting integration process. Speaking on the development, Mr....

  • Posted April 30, 2012
  • 0
• 
  Obama Jokes About Romney, Second Term

  President Barack Obama unveiled his “secret agenda” for a second term last night, vowing to “win the war on Christmas” and replace the former ban on gays serving openly in the military with a policy called “It’s Raining Men.”...

  • Posted April 29, 2012
  • 0
• 
  Nigerian Stock Exchange Analysis: Top 10 Stocks of April

  Fortunes are being made on the stock exchange by shrewd investors, especially those with a long term holding strategy.Why? Depressed stock prices are also guided by the law of economics – that is the business cycle- what...

  • Posted April 29, 2012
  • 0
• 
  Aminu Waziri Tambuwal: The People’s Champion?

  The Fuel Subsidy probe has been a great avenue for Nigerian analysts and pundits to assess the political gem that is Tambuwal. Since 1960, Nigerians haven’t had that many leaders that stand out for good as opposed...

  • Posted April 29, 2012
  • 0
• 
  Nigeria fuel subsidy report increases chances of reform – Fitch

  The fact that corruption in Nigeria’s oil subsidy programme has been officially uncovered is encouraging, both politically and economically, Fitch Ratings says. Politically it shows the government can clean up the system if there is political will....

  • Posted April 27, 2012
  • 0
• 
  Nigeria sells N90b in bonds

  Nigeria sold N90 billion ($572.70 million) worth of debt paper maturing in 2014, 2017 and 2022 at its regular auction on Wednesday, with mixed returns on the bonds, the Debt Management Office (DMO), said yesterday. DMO, said...

  • Posted April 27, 2012
  • 0