All posts by Afolabi Ogunde

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  Guinness begins operation in Aba, launches Dubic beer

  Guinness Nigeria Plc, has resumed full operation in Aba, Abia state with the launch of its latest product, Dubic Lager beer. Speaking at the launch of  Dubic Lager beer at the Government House, Umuahia, before moving to...

  • Posted April 13, 2012
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  Niger Delta Militants Blow up Eni Pipeline

  Italian oil and gas group Eni said on Friday a pipeline in Nigeria had been attacked. “We can confirm a pipeline, leading to Tebidaba, in the Clough-Creek area has been attacked,” a spokewoman said. Eni’s unit Agip...

  • Posted April 13, 2012
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  Presidency Orders Probe of Sale of Nitel Skyscraper to Bankole’s Father

  The Presidency has ordered the Economic and Financial crimes Commission (EFCC) and the attorney General of the Federation, Bello Adoke to probe the sale of a Nitel Skyscraper (NECOM house) to West African Aluminum Products (WAAP) Plc....

  • Posted April 13, 2012
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  Dangote Cement’s Ibese Plant reaches Optimum Production Levels in Record time

  The Ibese plant launched by Dangote Cement in February this year has reached optimum levels of installed capacity production. The plant which consists of two production lines capable of producing 3 million tons each per annum has...

  • Posted April 13, 2012
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  State Governors Push for Total Subsidy Removal

  The Coordinating Minister of the economy and Minister of Finance, Dr. Okonjo-Iweala has decried the depletion of the Excess Crude Account and blamed the development on the Governors of the States. The minister spoke at a Civil...

  • Posted April 13, 2012
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  EFCC Files Fresh Charges Against Elumelu, others Involved in N 5.2 billion REA Scam

  The Economic and Financial Crimes Commission (EFCC) has appealed the Federal High Court ruling issued on March, 24, 2012 that cleared several lawmakers of corruption and criminal breach of trust concerning the N 5.2 billion Rural Electrification...

  • Posted April 13, 2012
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  Nigerian Stock Exchange Watch: Transcorp Trade Boosts Market Volume by 366%

  The Stock market dipped today, shedding 35 points and bringing the ASI to settle at 20,742.10. Losses were sustained by selling pressure on several bluechips including Dangote Cement, Guinness, Dangote Flour and Mobil. The banking sub-sector saw...

  • Posted April 12, 2012
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  Portland Paints Revenue Hits N 2.5 billion, Proposes 20 kobo Dividend in 2011 Earnings

  Portland Paints a major distributor of building materials in the country has released its 2011 audited financial statements. The company reported an 8.6% growth in revenue at N 2.5 billion from N 2.38 billion in 2010. Profit...

  • Posted April 12, 2012
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  ‘Nigeria will not be Shortchanged’ by British Airlines – Harold Demuren

  The Director General of the Nigerian Civil aviation Autority (NCAA), Dr. Harold Demuren has said that the Federal Government will not relent in its efforts to ensure that foreign carriers, particularly Britis airways and Virgin Atlantic stop...

  • Posted April 12, 2012
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  GTBank Moves against Arisekola Alao over N6.9 billion Debt

  Guaranty Trust Bank Plc (GTBank) has asked Justice Okechukwu Okeke of the Federal High Court in Lagos to enter judgment against renowned businessman, Alhaji Abdul Azeez Arisekola-Alao following his alleged failure to file his statement of defence...

  • Posted April 12, 2012
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