All posts by Afolabi Ogunde

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  Fuel shortages: Senate summons ministers, Oniwon, others

  The Senate has summoned the Minister of Finance, Dr. Ngozi Okonjo-Iweala, and her Petroleum Resources counterpart, Mrs. Diezani Alison-Madueke, over the reappearance of vehicular queues at filling stations in Abuja and other cities in the country. The...

  • Posted February 23, 2012
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  Nigeria to Invest $ 100 Billion in Oil & Gas Exploration

  Nigeria plans to invest $100 billion over the next five years in the development of her oil and gas reserves. This revelation was made by Austen Oniwon, the Group Managing Director of the NNPC to international media....

  • Posted February 23, 2012
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  Massmart (GAME) could open up to 20 stores in Nigeria

  South African retailer Massmart sees scope for up to 20 stores in Nigeria, its chief executive said, the second business leader in as many days to talk up consumer demand in Africa’s most populous country, one where...

  • Posted February 23, 2012
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  N894m contract scam: Bankole gave contracts to ghost firms, says EFCC

  Economic and Financial Crimes Commission, EFCC, yesterday, accused the former Speaker of the House of Representatives, Mr. Dimeji Bankole, of using fake companies to defraud the Federal Government of N894 million while in office. EFCC told a...

  • Posted February 23, 2012
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  Transcorp partners US based Symbion Power to Light Up Nigeria

  Transnational Corporation of Nigeria (Transcorp) and Symbion Power, a Washington based international engineering contractor have forged a business alliance that will see Transcorp leverage on the technical expertise of Symbion in developing Nigeria’s power capacity. The collaboration,...

  • Posted February 23, 2012
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  Cashless Nigeria: Skye Bank to Deploy Dual SIM PoS Terminals

  Skye Bank has come up with an innovative method to scale the hurdles associated with the inefficiencies of a cashless economy powered by technology. Information Technology will always have its drawbacks including denial of service attacks, slow...

  • Posted February 23, 2012
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  Nigeria to Renew Shell, Chevron Oil-Output Leases in March

  Nigeria, Africa’s largest oil producer, said crude-producing licenses operated by Royal Dutch Shell Plc  and Chevron Corp.  will be renewed within a month as it concludes a review of expired or soon-to-lapse leases. “We will renew the expired licenses...

  • Posted February 22, 2012
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  Nigerian Stock Exchange Watch: Dangote Cement drives Bourse to Loss, UBA records over 32% Appreciation

  The Stock Market buckled today under the weight of Dangote Cement (-4.10%), which lost major points. Dangote Cement being the most capitalized stock on the bourse causes significant momentum swings in either direction depending on its positive or negative...

  • Posted February 22, 2012
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  Kerry Ingredients & Flavours South Africa acquisition signals commitment to expansion across the continent

  FlavourCraft deal ‘perfect fit’ for Kerry Kerry Ingredients & Flavours today confirmed that it has completed the acquisition of South African flavours company FlavourCraft for an undisclosed sum. FlavourCraft specialises in the design and manufacture of flavours...

  • Posted February 22, 2012
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  C&F Porter Novelli blazes trail in PR internships

  C&F Porter Novelli, Nigeria’s leading business advisor in strategic communications, has graduated the historic first batch of its PR Fundamentals Internship Programme. The initiative aims to contribute to the growth and development of the public relations industry...

  • Posted February 22, 2012
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