All posts by Afolabi Ogunde

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  Lawmakers Refuse Trojan Horse Gift from Subsidy Firms

  Fifteen embers of the House of Representatives have rejected a foreign trip organized and financed by oil marketers. The oil marketers, who also benefitted from the subsidy payments had planned to fly the lawmakers to Houston on...

  • Posted April 24, 2012
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  Delta monarch leads protest against Agip, Demands Cow and N 10 Million

  The  Odiologbo of Irri Kingdom, Isoko South Local Government area, Delta State, HRM Oviese Ojenuwe II, weekend, led a peaceful protest against Nigerian Agip Oil Company, accusing the firm of sidelining his people in the scheme of...

  • Posted April 24, 2012
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  Renewed Subsidy Protests Threat: Federal Government Increase Security in Gani Fawehinmi Freedom Park

  Following the public uproar that trailed the release of the adhoc Committee on Fuel Subsidy Investigation’s report, the Federal Government has begun to increase security in strategic areas where the Occupy Nigeria protests were quick to mushroom...

  • Posted April 24, 2012
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  Honourables Call NNPC Spokesman “Chief Denial Officer”, Televised Debate Takes Off Today

  In reaction to the press statement released by the Nigerian National Petroleum Corporation (NNPC) stating that the subsidy report was altered, the Chairman of the House Committee on Media and Public Affairs, Mr. Zakari Mohammed has called...

  • Posted April 24, 2012
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  PPPRA Vindicates Gombe State Governor on Mystery Subsidy Payments

  N 999 million fuel subsidy paid to hitherto unknown firms 128 times in one day. The PPPRA has dispelled the charges of corruption surrounding the payments that brought  former Accountant General and present Governor of Gombe state,...

  • Posted April 24, 2012
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  Nigerian Stock Exchange Watch: In the Midst of a Bull Rally, ASI Approaches 22,000

  The Nigerian Stock Exchange appreciated slightly today, gaining +0.1% to close at 21,779.33. Selling pressure dulled the markets momentum even as the year-to-date performance on the bourse stands at 5.06%. Speculators cashed in on their previous gains...

  • Posted April 23, 2012
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  Stanbic IBTC Records N 2.5 Billion Net Income in Q1, 2012 Earnings

  Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited  IFRS  compliant results for the three month period ended 31 March 2012. Financial highlights Profit and loss accounts Net interest income of N8.3 billion,...

  • Posted April 23, 2012
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  Sixth Lagos Economic Summit Opens Today

  To underscore its commitment to ensuring that Nigeria joins the league of emerging economies called Brics and convert it to Brincs, i.e Brazil, Russia, India, Nigeria, China and South Africa), foremost financial institution and Nigeria’s Best Banking...

  • Posted April 23, 2012
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  Lagos to Take Delivery of 60 New Ferries

  History was made in Brisbane, Queensland in Australia on Thursday as Lagos State Governor, Mr Babatunde Fashola (SAN) pushed ahead with another electoral promise of accelerating inter-modal transportation through the extensive use of the State’s waterways when...

  • Posted April 23, 2012
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  Notore, Mitsubishi Sign Joint Venture for New Fertiliser Plant

  Notore Chemical Industries Limited, owners of the only urea fertiliser plant in sub-Saharan Africa, weekend signed a Joint Venture agreement with Mitsubishi Corporation at Mitsubishi’s corporate headquarters in Tokyo, Japan to develop an ammonia, urea and other...

  • Posted April 23, 2012
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