All posts by Afolabi Ogunde

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  Sanusi under Attack from Reps

    Just 48 hours ago the CBN boss Governor Lamido Sanusi was castigated by the Nigeria Labour Congress NLC over his economic revival strategy, which, involves sacking 50 per cent of civil servants. Yesterday the House of...

  • Posted November 30, 2012
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  N40m Three-Bedroom Detached Bungalow For Sale In Apo, Abuja

  Our property of the week is this 5 units of 3 bedroom bungalow located at Apo, Wumba District in Abuja. The house features a large sitting room, a dining room and 3 bedrooms which are all ensuite while the masters bathroom is fitted with a jacuzzi.  All rooms...

  • Posted November 30, 2012
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  Ramaphosa’s Shanduka Buys $335 Million Stake in MTN Nigeria

  Shanduka Group Ltd., the South African investment company led by businessman Cyril Ramaphosa, bought a minority stake in MTN Group Ltd. (MTN)’s Nigerian unit in a strategy to tap into faster-growing African markets. Shanduka acquired a $335 million stake in Nigeria’s...

  • Posted November 28, 2012
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  Nigeria Seeks Embraer Deal to Provide Planes to Local Airlines

    The Nigerian government is in talks with Embraer SA (EMBR3) on how its domestic airlines can secure aircraft from the world’s fourth-biggest planemaker, Aviation Ministry spokesman Joe Obi said. A preliminary agreement to pursue discussions was reached during...

  • Posted November 28, 2012
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  Bank Fraud: Billionaire Oil Marketer Denied Bail, Detained at Kirikiri Maximum Prison

  An oil Marketer, Mr. Seun Ogunbambo has been remanded at the Kirikiri Maximum Prison pending his trial for a bank fraud involving over N1.2bn. Mr. Seun Ogunbambo was denied bail by the presiding Judge, Justice Olabisi Akinlade...

  • Posted November 28, 2012
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  Nigeria Stock Exchange Watch: GlaxoSmith (+4.98%) Continues Winning Streak as ASI (+0.01%) Gains Marginally

  Glaxo Smith Kline (+4.98%) continued its winning streak as its parent company continues to increase its stake in its Nigeria subsidiary. The rest of the market was relatively flat. Across the banking sub-sector Sterling Bank (+4.03%), Access...

  • Posted November 27, 2012
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  Govt to rescue airlines with $500 million lifeline

  THE Federal Government may have concluded plans to rescue the nation’s ailing aviation industry with the injection of $500 million for the procurement of new aircraft. According to Aviation minister, Stella Oduah-Ogiewonyi,  government this time will not...

  • Posted November 27, 2012
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  South Africa’s FirstRand Gets Nigeria Merchant-Banking License

  FirstRand, South Africa’s second-biggest financial company, obtained a license to run a merchant bank in Nigeria, sub-Saharan Africa’s second-biggest economy. “The bank was granted a license after it met the 15 billion naira ($95.2 million) minimum capital...

  • Posted November 27, 2012
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  Nigerian Stock Exchange Watch: ASI (+0.15%) Begins Week on Positive Note

  The All share Index started the week off on a slightly positive note with a gain of 0.15%. The Index closed at 26,360.55 whilst the market capitalization steadied at N8.39 trillion. Guinness (+0.08%) and Nigerian Breweries (+1.41%) were...

  • Posted November 26, 2012
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  How First Bank’s Delisting on the NSE Affects your Shareholdings

  First Bank delisted its shares from the Nigerian Stock Exchange last week Friday, and listed the shares of its holding company, FBN Holdings Plc. The move came in response to regulation from the Apex bank which ordered...

  • Posted November 26, 2012
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