All posts by Afolabi Ogunde

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  Press Briefing On Measures To Resuscitatee The Capital Market By Dr Ngozi Okonjo – Iweala

  Distinguished DGs and MDs of Parastatals here present, distinguished ladies and gentlemen of the Press. Many of you are aware that activity on the Nigerian Capital Market, particularly the stock exchange, has been very slow in the...

  • Posted December 4, 2012
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  Finance Ministry Releases N170 billion for Q4 2012 Budget

  The Finance Ministry has revealed that the government has released  N170 billion to cash back the portion of the budget appropriated for the fourth quarter. Speaking at a news conference in Abuja, Mrs. Okonjo-Iweala said the government...

  • Posted December 4, 2012
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  Nigeria Stock Exchange Watch: ASI (-0.43%) Declines, Hit by Profit takers

  Historically, December is a month that does not favour the fortunes of the stock market. Investors usually close their positions for the for various reasons, one of which includes to have some spending money for family and friends....

  • Posted December 3, 2012
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  Standard & Poors Rates GTBank Stable, Highlights Strengths and Weaknesses

    International Ratings Agency, Standards & Poors released a report on GTBank today. The agency rated the bank BB-/Stable/B, and rated key metrics such as Business Position and Risk Position, Adequate. The agency highlighted the banks strengths,...

  • Posted December 3, 2012
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  Sub-Saharan Africa records largest increase in DHL Global Connectedness Index

    DHL today released the second edition of the DHL Global Connectedness Index (GCI), a comprehensive analysis of the state of globalization around the world. The report, drawing on over one million data points from 2005 to...

  • Posted December 3, 2012
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  Pentagon moves to send hundreds more spies overseas

  THE United States (U.S.) Pentagon will soon be sending hundreds of additional spies overseas as part of an ambitious plan to assemble an espionage network that rivals the CIA in size, The Washington Post Sunday quoted officials...

  • Posted December 3, 2012
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  Zinox Boss Supports Nigerian Employees’ Digital Welfare Scheme

  The Chairman of Zinox Group, Chief Leo Stan Ekeh has declared his support for the Nigerian Employees, Digital Welfare Scheme (NEDWS), which is expected to be launched in Abuja in December. NEDWS is a program initiated by...

  • Posted December 2, 2012
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  MTN, Glo, Etisalat and Airtel May Face more Punitive Fines – Minister

  The Federal Government may levy more fines against telecommunications companies if their service hasn’t improved by the time service quality checks are made in December, Communications Technology Minister Omobola Johnson said. The telecommunications regulator fined companies including MTN...

  • Posted November 30, 2012
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  Only 5 banks are healthy – NDIC

  The Nigeria Deposit Insurance Corporation (NDIC) yesterday revealed that there are only five sound banks in the country, even as it stated there are no unsound banks.  Whereas 13 of the banks   are satisfactory, two of them...

  • Posted November 30, 2012
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  PIB ‘Awareness Campaign’ to Guzzle N6.2 billion

  The Federal government has plans on the way to spend N6.201 bn on an awareness campaign for the Petroleum Industry Bill. The campaign, which according to a budget performance breakdown of the Ministry of Petroleum Resources for...

  • Posted November 30, 2012
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