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All posts by Afolabi Ogunde

  • Experts Identify Pitfalls in the Sovereign Wealth Fund

    The Institute for Applied Economics (AIAE) has identified three pitfalls that are inimical to the successful implementation of the sovereign wealth fund (SWF) The Executive Director (AIAE), Eric Eboh, at a seminar on SWF in Abuja said...

    • Posted March 12, 2012
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  • NDDC Opens Bids For 66 Mega Projects

    In compliance with the provisions of the Public Procurement Act, 2007, the Niger Delta Development Commission (NDDC) has opened bids for 66 mega projects lined up for implementation in the 2011 budget. They include: 17 Shore Protection/Erosion...

    • Posted March 12, 2012
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  • Unity Bank Divests from Caranda, as it Targets 10,000 Jobs Annually

    In line with the Central Bank regulation compelling all bank financial institutions to divest their holdings from their non-bank subsidiaries, Unity Bank has sold its equity stake in Caranda Management Services Limited. In what appears to be...

    • Posted March 12, 2012
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  • The Netherlands to Increase FDI Inflows to Nigeria from € 8 billion to € 16 billion

    The government of the Netherlands has confirmed plans to ramp up its investment inflows into Nigeria over the short-term. The Netherlands investments into Nigeria current ly stand at € 8 billion (N 1.7 trillion). The vice-minister of...

    • Posted March 12, 2012
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  • MTN faults move for compulsory listing of firms

    THE ongoing clamour to list major companies in the telecommunications, power, oil and gas sectors of the economy through legislation was yesterday, opposed by MTN Nigeria. The company also emphasised need for greater depth of the Nigerian...

    • Posted March 9, 2012
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  • New national policy on automobile out soon – Aganga

    The Minister of Trade and Investment, Mr. Olusegun Aganga, on Thursday said the Federal Government would soon unveil a new national automobile policy to help reposition the automotive industry and boost its contribution to the country’s Gross...

    • Posted March 9, 2012
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  • Four ex-perm secs, 28 others arrested for N67bn pension fraud

    No fewer than 32 public servants and private sector employees have been arrested by the Pension Reform Task Force for allegedly swindling the Federal Government retirees of about N67bn pension funds. The task force comprises of operatives...

    • Posted March 9, 2012
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  • Pension Scam Investigator Ordered Arrested for Embezzlement

    The Senate has ordered the arrest of the Chairman, Pension Reform Task Team, Mr. Abdulrasheed Maina and ordered the Inspector General of Police to produce him this morning by 10am. This comes following allegations that the Chairman...

    • Posted March 9, 2012
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  • Nigerian Stock Exchange Watch: Consumer Stocks Take the Market to 7th Day Consecutive Gains

    Market observers have to be pleased with the current state of affairs at the Nigerian bourse. The All Share Index gained again today for the seventh consecutive day. On the back of a strong performance by the...

    • Posted March 8, 2012
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  • Land Rover Evoque Goes Topless

    Land Rover has won the hearts and changed the minds of many jaded auto journalists at the 2012 Geneva Motor Show with the new Range Rover Evoque convertible concept. This is no Nissan Murano soft-top. The black metallic model has been permanently...

    • Posted March 8, 2012
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