All posts by Afolabi Ogunde

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  Total E&P Shuts Gas Plants, Oil Wells After Leak

  Total E&P Nigeria Ltd. shut gas plants and oil wells in Obite, Rivers State, in the country’s oil-rich southern delta, following a leak at one of its facilities. The leak at a gas plant probably followed an...

  • Posted April 16, 2012
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  What Titanium’s $329,000 Phone is like

  About 165 times more expensive than the Blackberry Porsche, the  Celsius X VI II is not a phone you should expect to see in these parts anytime soon, well unless you consider the exception of those who are illegally...

  • Posted April 16, 2012
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  ‘New tax law’ll affect workers’ living standards’

  Workers are in for hard times, going by the provisions of the newly amended Personal Income Tax Allowance (PITA). In the amendments, employees are required to pay taxes on certain allowances in which they have enjoyed full...

  • Posted April 16, 2012
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  2012 Fuel Subsidy Payments Already Out of Control, May Go over-Budget by N 1 trillion

  Findings reveal that the Federal Government is on track to waste colossal sums on the fuel subsidy program this year. Going by indicators, the Federal Government may spend even more than it did last year on fuel...

  • Posted April 16, 2012
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  Air fare disparity: British govt dismisses FG’s threat

  The British government, weekend, dismissed the Federal Government’s threat to ban foreign airlines operating in the country should they fail to reduce their fares on the expiration of the 30-day ultimatum served them on April 25, saying...

  • Posted April 16, 2012
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  E-Block to Set up 2.5 Million Tons Cement Plant in Ogun State

  E-Block Cement Limited, an indigenous company has unveiled its plans to set up a cement production plant in Ogun state with a capacity to churn out 2.5 million tons of cement per annum. CEO of the company,...

  • Posted April 16, 2012
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  Nigerian Customs Service Illegal Valuation Practice Petitioned Against at Senate

  The widespread practice of the arbitrary valuation of imported goods by the Nigerian Customs Service may soon come to a crashing halt. Very much similar to the practice exposed in the electricity sector, where officials of power...

  • Posted April 16, 2012
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  12 WAYS TO SPOT A LIAR AT WORK?

  My best advice is not to rely on any one signal. You’ll be more successful if you look for clusters of behaviors (three or four body language cues that reinforce one another). To increase your chances of...

  • Posted April 15, 2012
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  Nigeria Stock Exchange Watch: Sterling Bank, Nestle Lead Market’s Marginal Recovery

  The stock market picked up a single basis point today, appreciating by 0.01% as the All Share Index inched up to 20,743.16. The biggest gainer today was Sterling bank (+5%), as the stock price consolidated on previous...

  • Posted April 13, 2012
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  2011 Earnings: Sterling Bank Records Bumper Harvest, Net Income Mushrooms 60%

  Sterling Bank released its audited 2011 financial statements today after a dividend announcement yesterday. The bank which recently acquired ETB has good reason to reward its shareholders, net income mushroomed 60% to N6.68 billion from N 4.17...

  • Posted April 13, 2012
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