All posts by Afolabi Ogunde

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  Skye Bank inaugurates funds transfer service for W’Africa

  Skye Bank Plc has introduced a funds transfer service within its network of subsidiaries in Nigeria, The Gambia, Sierra Leone and Guinea, in order to boost trade and facilitate payment in the West African sub region. The...

  • Posted February 24, 2012
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  Ondo State Bond Oversubscribed by N 2.71 billion

  After just one week, the Ondo State N 27 billion bond offering has been oversubscribed to the tune of N 2.1 billion. The governor of Ondo, Olusegun Mimiko, disclosed this yesterday in Akure whilst signing into law...

  • Posted February 24, 2012
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  Chevron delays Nigeria plant expansion

  Chevron Corp has pushed back the expansion of a natural gas processing plant in Nigeria, originally slated for this year, by another three years, according to its annual report, which also revealed it was exploring for shale...

  • Posted February 24, 2012
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  Nigerian Breweries Rewards Shareholders with N3 Dividend for 2011 FYE

  Nigerian Breweries, makers of Star beer, have announced a N 3 dividend to reward its shareholders for the 2011 financial year. The dividend represents a yield of 3.06% on its current share price of N 98. Nigerian...

  • Posted February 24, 2012
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  Nigeria, Kenya seal pact on capital market growth, financial crimes

  THE Securities and Exchange Commission (SEC), yesterday, signed a Memorandum of Understanding (MOU) with the Capital Market Authority of Kenya, under an agenda scripted by the Federal Government to tackle financial crimes. The MOU, which was signed...

  • Posted February 24, 2012
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  Japan Provides N 2.42 Billion Aid for Potable Water Accessibility

  The Japanese International Cooperation Agency (JICA) has provided a N 2.42 billion grant to Nigeria in order to increase access to potable water in Kebbi, Niger, Taraba, Ondo and Enugu. On hand to sign the agreement were...

  • Posted February 24, 2012
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  Former KBR CEO Stanley Gets 2 1/2 Year Prison Term in Nigerian Bribes Case

  Albert “Jack” Stanley, the former KBR Inc. (KBR) chief executive officer, was sentenced to 2 1/2 years in prison for bribing Nigerian officials to win $6 billion in natural gas contracts for the company and its partners. U.S. District...

  • Posted February 24, 2012
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  Federal Government places tough Economic Sanctions on Food Importers, Encourages Local Producers

  The Federal Government has moved to ban the importation of Cassava flour into the country in a bid to incentivize local producers of the commodity. According to a circular titled “Fiscal Policy Measures 2012” signed by Batari...

  • Posted February 24, 2012
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  Jittery Banks failure to Extend Credit the cause of Latest Fuel Shortages

  The Independent Petroleum Marketers of Nigeria (IPMAN) and the Major Oil Marketers of Nigeria (MOMAN) have blamed the reduction of fuel supply in the country on the failure of banks to provide Letters of Credit to petrol...

  • Posted February 24, 2012
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  Nigerian Stock Exchange Watch: All Eyes on Banks

  The Nigerian Stock Market reversed on yesterday’s losses to post a gain of 0.56% today. The All Share Index settled up at 20,426.21 even as the market capitalization swelled to N6.43 trillion. The banking sub-sector continues to...

  • Posted February 23, 2012
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