All posts by Afolabi Ogunde

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  Main One partners get free broadband capacity

  A leading broadband provider in the country, Main One Cable Company, has rewarded some of its distrubutors with one month complimentary broadband capacity. The company, in statement on Monday, said the  affected distributors were members of its...

  • Posted February 20, 2012
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  Chellarams Raises N540m from Bond Issuance

  Chellarams Plc last week raised  N540 million through bond issuance  meant to  replace infrastructure and  invest in its associated companies. The bond, which was approved by the Securities and & Exchange Commission (SEC) is the Series 2...

  • Posted February 20, 2012
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  Nigeria Tows the Line of Economic Failure as Ekweremadu Announces One Ecowas Currency

  Despite the economic problems that are plaguing Europe, the only regional bloc in the world to have adopted a single currency and which is now feeling the hazardous effects on its economy, Nigerian Deputy Senate President, Ike...

  • Posted February 20, 2012
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  Presidency Orders Chevron to Engage in Corporate Social Responsibility in Niger Delta

  Despite the great environmental damage done to the Nigerian environments primarily in the South-south region where crude oil is mined, many multi-national companies are sleeping on their duty to be good corporate citizens and provide basic services...

  • Posted February 20, 2012
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  PPPRA tells Marketers, Bankers: Rest Assured, Subsidy Payments will be made in 2012

  In order to forestall any shortages that may arise in the supply and availability of petroleum products in the country, the Petroleum Products Pricing Regulatory Agency (PPPRA) has sent clear signals to importers and their financier, Nigerian...

  • Posted February 20, 2012
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  NCC raids Chinese Mobile Phones Importers in Computer Village

  Two mobile phone vendors operating from the popular Computer Village in Ikeja had their operations shut down by the Nigerian Communications Commission (NCC) last Friday. The firms Kenxinda Technologies Ltd and G-Tide mobile Ltd were raided by...

  • Posted February 20, 2012
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  Nigeria Stock Exchange Watch: The Bull Grazes in the Green

  The Nigerian Stock Market closed in bulls’ territory on the last trading day of the week. Friday saw the All Share Index pick up +0.48% to close at 20,411.17. Fueled by low valuations and dividend yield speculative...

  • Posted February 18, 2012
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  Nigeria Loses $5m Daily in Crude Oil Lifting

  Not less than $5 million that should have accrued into the central till is being lost daily as a result of the faulty trade policy in the lifting of Nigerian crude oil, THISDAY has learnt.   Similarly,...

  • Posted February 17, 2012
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  Central Bank to Auction N149 billion in T-Bills, DMO to sell N 70 billion Bonds

  Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has disclosed its readiness to auction N149.65 billion worth of treasury bills at its bi-monthly debt auction next week. N49.65bn in 91-day paper and N50bn each in 182-day...

  • Posted February 17, 2012
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  Banking reform: More workers to lose jobs

  As the Deposit Money Banks in the country continue to embrace cost-cutting measures, indications have emerged that another round of mass sacking is imminent in the banking industry. Our correspondent gathered from reliable sources in the banking...

  • Posted February 17, 2012
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