All posts by Afolabi Ogunde

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  Customs introduces new policy on imported vehicles

  The Nigeria Custom Service (NCS) has introduced a new policy that would henceforth guide importation of vehicles to stem revenue leakages and enhance the ability of the service to meet its targets. Addressing reporters on behalf of the...

  • Posted April 20, 2012
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  JP Morgan Chase & Co to Open Branch in Lagos, Recruit 50 in 5 Years

  JP Morgan Chase & Co, one of the world’s most respected investment banking institutions is embarking on a footprint expansion in sub-Saharan Africa. The African growth strategy will see the company open  a full branch in Nigeria...

  • Posted April 20, 2012
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  GTBank Net Income Swells to N 19.3 Billion in Q1, 2012 Earnings

  GTBank, one of the country’s finest lending institutions, recently released its earnings report for the first quarter of 2012. The company recorded gross earnings of N 52 billion, up 22% from N 43 billion made in Q1,...

  • Posted April 20, 2012
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  Africa to be next boomtown for private equity

  Africa is the next big thing, just ask Bob Geldof and other private equity bankers. The Irish rocker made headlines in February when he announced the launch of his $200 million “8 Mile” fund, a sign the...

  • Posted April 20, 2012
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  Nigerian Stock Exchange Watch: The Bulls Back at It, ASI Closes at 21,388.88

  The Nigerian Stock Exchange persisted in its rally today with the All Share Index adding 140 basis points to close at 21,388.88. The bullish performance recorded this week has brought the Year-to-date performance of the Index to...

  • Posted April 19, 2012
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  Nigeria to issue N210b, N290b bonds in Q2

  Nigeria plans to raise between N210 billion andN 290 billion ($1.33 billion – $1.84 billion) in sovereign bonds ranging between three and 10 years in the second quarter of the year, the Debt Management Office (DMO) said....

  • Posted April 19, 2012
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  Kunle Allen Appointed CEO of Nigeria Gas Company as FG Moves to Boost Supply

  The Minister of Petroleum Resources, Diezani Allison Madueke has disclosed the steps her ministry is taking in order to bridge the gas supply gap in the country. She disclosed that government is strengthening the Gas Aggregation Company...

  • Posted April 19, 2012
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  Royal Dutch Shell Evaluating $4 Billion Investments in Niger Delta

  Peter Voser, the CEO of Royal Dutch Shell has disclosed that the company is evaluating projects worth over $ 4 billion in Nigeria. According to a statement released on the company’s website the investments are subject to...

  • Posted April 19, 2012
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  First Bank Appoints Goldman Sachs, Citi, to Manage New $ 500 Million Eurobond Sale

  First bank of Nigeria has disclosed that it will be floating a $ 500 million Eurobond sometime later this year. The bank’s Chief Financial Officer, Bayo Adelabu, said that the Eurobond will be floated in order to...

  • Posted April 19, 2012
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  Subsidy Report: Details on How NNPC and PPPRA Mismanaged TRILLIONS of Naira

  The Honourable Farouk Lawan led ad-hoc Committee on Fuel Subsidy Investigation submitted its report to the House yesterday and its revelations highlight the vast depth and breadth of corruption in Nigeria, especially in the oil sector. The...

  • Posted April 19, 2012
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