All posts by Afolabi Ogunde

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  Pension Scam Investigation: Senate Threatens to arrest Budget Office DG

  The Senate Joint Committee on Establishment, Public Service, States and Local Governments has threatened to arrest the Director-General of the Budget Office, Bright Okogu over his failure to honor an invitation to testify before the committee on...

  • Posted March 7, 2012
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  Nigerian Stock Market Watch: All Share Index (ASI) Surges to Verge of 21,000 Threshold

  The Nigerian Stock Exchange surged up by 1.49%, fueled by gains from the bourse’s most capitalized stock, Dangote Cement (+4.9%). The All Share Index closed just short of the 21,000 mark, settling at 20,926.31 and seems to...

  • Posted March 6, 2012
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  Guinness Nigeria spends N 55 Billion on Production Expansion, Creates 200 New Jobs

  Guinness Nigeria has disclosed that it has invested N 55 billion in order to expand its production capacity in Ogba, Lagos and Benin. Speaking on the development during a tour of its new facilities in Lagos, Harrison...

  • Posted March 6, 2012
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  SURE Fund Falls by N 700 billion

  The funds available for the Subsidy Reinvestment and Empowerment (SURE) programme has fallen from N 1.134 trillion to N 426 billion, a reduction of approximately N 700 billion. The decrease is as a result of government’s inability...

  • Posted March 6, 2012
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  CBN to Disburse N 75 Billion in Lending for Agricultural Sector

  Nigeria’s apex bank, the CBN, has injected N 75 billion facility into the agricultural sector of the economy. This is in a bid to diversify the country away from its dependence on oil income and support local...

  • Posted March 6, 2012
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  Minister of Trade and Investment outlines Nigeria’s Vast Opportunities, Says Glencore to inject FDI

  The Minister of Trade and Investment spoke of the vast investment opportunities in Nigeria and their impact on Foreign Direct Investment during a courtesy call to one of the leading media houses in the country recently. He...

  • Posted March 6, 2012
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  Nigerian Stock Exchange Watch: Investors Wage N 4.4 Billion on Equities, UBA continues to Surge

  The stock market began the week on a positive note as the All Share Index inched up by 0.13% today to close at 20,619.05. The banking sub-sector was predominantly bullish as UBA continued to improve on its...

  • Posted March 5, 2012
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  Scorto Opens New Office in Nairobi, Kenya

  Scorto Corporation, a globally recognized provider of decision management and risk mitigation solutions and services, has started operations of a new, regional headquarters in Nairobi, Kenya.   Having served lending and credit based organizations since 2005, the...

  • Posted March 5, 2012
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  Lagos Tank Farms Time Bombs waiting to Explode – Experts

  According to Industry Stakeholders including Residents’ Associations, Oil and Gas Workers and Customs Officials, the location of tank farms in Apapa and Kirikiri are a time bomb waiting to explode. Even overlooking the billions of naira in...

  • Posted March 5, 2012
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  Jonathan to reshuffle Cabinet, says Punch

  There  were  indications on Sunday that President Goodluck Jonathan might carry out a cabinet reshuffle later this month. A senior government official who spoke to our correspondent on the condition of anonymity said those affected were to...

  • Posted March 5, 2012
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