All posts by Afolabi Ogunde

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  Honourables to Probe NCC’s N 6.1 billion SIM Registration Exercise

  The House of Representatives is set to embark on a probe of the N 6.1 billion SIM card registration project as they have indicated there is no recognizable value for money from its execution. A motion moved...

  • Posted April 27, 2012
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• MasterCard to Send Lucky Fans to Munich for Championship League Finals

  In support of the Cashless Nigeria initiative, eight hundred lucky MasterCard cardholders, with their partners, will win tickets to a UEFA Champions League Final 2012 Fan Viewing Experience, hosted by MasterCard on 19 May 2012 in Lagos....

  • Posted April 27, 2012
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  Skye Bank raises US$100 mln in bonds

  Skye Bank has raised $100 million in debt from a multilateral institution at a floating coupon rate of 6.3 percent for seven-years to boost its capital, its chief executive Kehinde Durosinmi-Etti said on Thursday. “It will add...

  • Posted April 27, 2012
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  Government Agencies are Deadbeats, Refuse to Pay Their Power Bills – Nnaji

  Minister of Power, Barth Nnaji has lashed out on government agencies in the country for negligence to a seemingly basic responsibility – failure to pay their power bills. In an interview with international news agency, Reuters, the...

  • Posted April 27, 2012
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  Government Recommends Consolidation for Aviation Industry

  Owing to the high costs of operation attributable to companies in the aviation industry, the Minister of Aviation, Stella Oduah has advised airline companies to take a serious look at mergers and acquisitions. Speaking via her special...

  • Posted April 27, 2012
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  Inflation Rises to 12.1% in the Month of March

  The consumer price index rose to 12.1% in March according to data released by the National Bureau of Statistics yesterday. This figure represents an increase of 0.2% over the figure in February. According to the Statistical organization,...

  • Posted April 26, 2012
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  CBN shifts Plagiarism Blame from Sanusi to Speechwriters

  The Central Bank Governor, Mallam Lamido Sanusi has responded to the allegations of plagiarism leveled against him by a US-based professor, Victor Dike. The Governor spoke through Ugochukwu Okoroafor, the Corporate Communications Director of the apex bank....

  • Posted April 26, 2012
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  Bayo Ogunlesi’s Global Investment Partners Acquire Edinburgh Airport for $1.3 billion

  Global Investment Partners, a US buy-out firm, has acquired the Edinburgh Airport for $1.3 billion. The company won the bid against competition from other leading firms including 3i, Carlyle and United States teachers’ pension fund, TIAA–Cref. In...

  • Posted April 26, 2012
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  Dangote, Police Found Culpable For Deadly Multiple Accident – Coroner

  The Lagos state Coroner, has confirmed that the Dangote Sugar refinery truck was the cause of the accident that killed over 40 people on the Otedola bridge estate, along the Lagos Ibadan expressway in 2010. Also found...

  • Posted April 26, 2012
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  Nigerian Stock Exchange Watch: Market Cap Surpasses N 7 trillion

  Equity investors ought to be gleeful considering the market recorded its seventh straight day of gains today, even as the market capitalization the N 7 trillion mark. The All Share Index closed upwards by 0.34% settling at...

  • Posted April 25, 2012
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