All posts by Afolabi Ogunde

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  Zenith Bank Bags Best Bank in Nigeria Award on Corporate Governance

  Zenith Bank of Nigeria Plc has been awarded the ‘Best Bank in Nigeria’ owing to it high standards of corporate governance. The award was bestowed upon Nigeria’s leading financial institution by the World Finance magazine, in recognition...

  • Posted March 5, 2012
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  Schneider Electric Awarded N 6 Billion Contract to Improve Electricity in Rivers State

  The Rivers State Government has entered into an agreement with Schneider Electric to boost electricity supply in the oil-rich state. Schneider is a global specialist in energy management and under the terms of this contract with a...

  • Posted March 5, 2012
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  Qatar, Luxembourg, Singapore Lead Forbes Richest Countries List

  If wealth is power, then Qataris have some serious muscle to flex. The Persian Gulf emirate of 1.7 million people ranks as the world’s richest country per capita thanks to a rebound in oil prices and its...

  • Posted March 3, 2012
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  Nigerian Stock Exchange Watch: Market Records Highest Daily Performance of 2012 on Friday

  Investors had enough reason to TGIF yesterday as, the Nigerian Stock Exchange, recorded a bullish performance and the highest daily return of the year. The All Share Index surged by 1.97% to close at 20,592.02. Dangote Cement,...

  • Posted March 3, 2012
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  Nigeria’s Naira Moves Between Gains and Losses Against Dollar

  The naira moved between gains and losses against the dollar on the interbank market. The currency of Africa’s biggest oil producer weakened less than 0.1 percent to 157.665 per dollar as of 1:20 p.m., according to data compiled by...

  • Posted March 2, 2012
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  Shell Nigeria explains lack of interest in refinery: It’s not a viable business

  Shell Petroleum Development Company on Thursday said refinery business is a no go area for it in the country after about 70 years in operation, because it “is not a viable business.” According to Mr. Malcolm Brinded,...

  • Posted March 2, 2012
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  Nigeria Spends N400 billion per Annum on Importation of New, Used Vehicles

  The Director General of the National Automotive Council has disclosed that Nigerians spend a whopping N400 billion on importing 280,000 vehicles yearly. A further analysis shows the majority of the vehicles numbering 200,000 are used whilst the...

  • Posted March 2, 2012
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  Banks to become Accessible by People living with Disabilities – CBN

  Mallam Lamido Sanusi has disclosed that every bank operating in Nigeria will soon be compelled to have at least one branch that is accessible by disabled persons within every city in Nigeria. The policy was introduced at...

  • Posted March 2, 2012
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  Bill & Melinda Gates Foundation Support Agriculture in Africa with $56 Million

  The Bill & Melinda Gates Foundation have provided the Alliance for a Green Revolution in Africa (AGRA) with a $56 million grant to support agriculture in sub-Saharan Africa. The money will be utilized by AGRA to provide...

  • Posted March 2, 2012
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  Expect High Agricultural Yields due to Favorable Rains in 2012 – NIMET

  The Nigerian Meteorological  Agency (NIMET) has stated Nigeria’s Agricultural output will be above par this year due to the good rainfall predicted this year. In a report titled “Seasonal Rainfall Prediction and Socio-economic Implications for Nigeria,” the...

  • Posted March 2, 2012
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