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All posts by Afolabi Ogunde

  • Petrol: Conoil, Oando, others to import 4.8 billion litres

    The Petroleum Pricing Regulatory Agency has issued import allocations to 42 marketers to bring in 3,575,000 metric tonnes or 4.79 billion litres of petrol into the country during the second quarter of this year. The development may...

    • Posted March 13, 2012
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  • Caverton Receives $ 85 Million Facility from Shell

    Caverton Helicopters has received an $ 85 million loan from Shell Nigeria. Shell Nigeria also doubles as one of Caverton’s biggest customers. The loan is to assist Caverton in upgrading its fleet of helicopters to the more...

    • Posted March 13, 2012
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  • Lagos Airport Suffers Four Hour Blackout on Sunday as FAAN taxes Travelers

    The Muritala Mohammed International Airport was thrown into the stone age on Sunday as the electricity supply was paused for several hours due to power failure. Incoming and outgoing passengers became victims of an unavoidable heatwave as...

    • Posted March 13, 2012
    • 1
  • FG sets up Committees to Improve Business Climate in the Country

    The Federal Government has innaugurated two committees designed to improve the business climate in the country. The Doing Business and Competitiveness Committee and the Investment-Care Committee were innaugurated in Abuja yesterday by the Secretary to the Government...

    • Posted March 13, 2012
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  • Nigerian Stock Exchange Watch: Market Begins Week With Positive Outlook

    The Bulls quickly took their positions as the week unfolded today. Strong performances recorded by some bluechip stocks pushed the market up by 0.67% to close at 21,091.36. The banking sub-sector witnessed the resurgence of UBA (+4.92%)...

    • Posted March 12, 2012
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  • WHY SHOULD YOU HAVE BANKING STOCKS IN YOUR PORTFOLIO?

    Adam smith in his book titled “wealth of nations” defined a bank as “an institution that doesn’t deal with money rather our toil and trouble. Banks deal in toil and trouble. Banking is a clever device for...

    • Posted March 12, 2012
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  • Poverty in Nigeria

    Recently, the Nigerian Bureau of Statistics recently released a report claiming that about 100 million Nigerians are living below poverty level. This declaration did not raise many eyebrows. Nigerialike many other developing countries inAfricahas a large portion...

    • Posted March 12, 2012
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  • Pagatech Receives $2 Million Grant from EFinA

    Pagatech, an indigenous mobile money operator has received a $2 million grant from the Enhancing Financial Innovation and  Access (EFInA) to develop and deliver low cost financial products and services in Nigeria. EFInA is an independent, professional...

    • Posted March 12, 2012
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  • Nigerian airlines lose N2.5bn annually to foreign trainers — NCAA

    Nigerian airlines lose at least N2.5bn annually to foreign firms engaged in routine training of the nation’s pilots, the Director-General, Nigerian Civil Aviation Authority, Dr. Harold Demuren, has said. Pilots’ simulator training, also called recertification training, is...

    • Posted March 12, 2012
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  • Zenith Bank’s FYE 2011 Net Income up 18% to N 44.2 Billion

    Zenith Bank released its 2011 financial results last Friday to the toast of investors. Gross earnings were up 27% to N 244 billion from N 192 billion in the previous year. Profit before tax was up 21.4%...

    • Posted March 12, 2012
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