All posts by Afolabi Ogunde

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  FG Releases N9.7 billion to boost food production

      With a view to ensuring that the after flood effect  that hit the Northern States mostly does not impede or hamper the aggressive and robust agricultural plan of the Federal Government, the Minister of Agriculture and...

  • Posted November 21, 2012
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  2013 Budget: N1.3 billion Is Not Enough for Refreshments, Meals – State House

  The N1.305 billion allocated for the Presidency in the 2013 budget for refreshments, meals, and other miscellaneous expenses has been declared grossly insufficient. Nigerian Senators could not believe their ears when they heard this, since the budget...

  • Posted November 21, 2012
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  Nigerian Stock Exchange Watch: ASI (+0.35%) Gains, as UACN (+7.45%) leads Bourse

    The market was in positive territory today as top-tier banking stocks recovered some of the points trimmed from their value in yesterday’s session. Access (+0.47%), GTBank (+0.5%), First Bank (+1.85%), and Zenith (+0.67%) all recorded positive...

  • Posted November 20, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.51%) Dips as Niger Brew (-3.32%), Others Face Selling Pressure

  The Nigerian Stock Exchange began the week in the red as the All Share Index shed 0.51% to close at 26,267.57. Selling pressure persisted among some blue chip companies including Nigerian Breweries (-3.32%) and some top-tier banks. UBA...

  • Posted November 19, 2012
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  Diamond Bank appoints HSBC, Stanchart for $300 mln Eurobond

  Diamond Bank has appointed HSBC, Standard Chartered Bank and Renaissance Capital for its debut $300 million Eurobond issue planned for the second quarter of next year, a bank executive told Reuters on Friday. Abdulrahman Yinusa, chief finance officer, said...

  • Posted November 19, 2012
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  Cocoa Output Seen Falling 20% on Disease, Flood

  Cocoa output in Nigeria, the world’s fourth-biggest producer, is forecast to fall at least 20 percent due to disease and floods stemming from heavy rains this year, the country’s main industry group said. “The weather changes caused...

  • Posted November 19, 2012
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  Shadow Banking Grows to $67 Trillion Industry, Regulators Say

  The shadow banking industry has grown to about $67 trillion, $6 trillion bigger than previously thought, leading global regulators to seek more oversight of financial transactions that fall outside traditional oversight. The size of the shadow banking...

  • Posted November 19, 2012
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  “Subsidy Remains in 2013…Please Bear With Us” – President Jonathan

  Concerning the contentious issue of fuel queues across the country, the President has asked Nigerians to bear with his administration as the government is struggling to get this right. He however alluded to the fact that part of the...

  • Posted November 19, 2012
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  EFCC re-arraigns Ebong, ex-Union Bank MD, others

    Former managing director of Union Bank Plc, Barthlomew Ebong and five other executives of Falcon Securities Limited, a Subsidiary of Union Bank Plc, were yesterday re-arraigned before a Fedral High Court sitting in Lagos, by the...

  • Posted November 16, 2012
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  Covenant University Alumni Petition IG Over Banker’s Shooting

    The Covenant University Alumni Association has petitioned the Inspector General of Police over the shooting of Femi Badejo, an alumni of the university, also an employee of Access Bank. The banker was shot five times in a...

  • Posted November 16, 2012
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