All posts by Afolabi Ogunde

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  Over 3,000 Chinese Workers, Many Illegal Aliens, Employed by Dangote- ASBAN

  The Association of Building Artisans of Nigeria (ASBAN) has released startling and grievous allegations against the elite Nigerian manufacturing industry and their insensitivity to the plight of the employment status of thousands of Nigerian graduates. The allegations...

  • Posted February 17, 2012
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  30,000 Hectare Rice Farm Underway in Taraba Courtesy of FG

  The Federal Government in conjunction with the Taraba State government has unveiled concrete plans to establish a 30,000 hectare rice farm in Taraba, capable of producing 300,000 tonnes of Rice per annum. This development will lead to...

  • Posted February 17, 2012
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  Flour Mills raises 35 bln naira in rights issue

  Flour Mills of Nigeria said on Thursday it successfully raised 34.97 billion naira ($220.80 million) in a rights issue of shares. Shares in Flour Mills closed down 2.73 percent at 57.54 naira per share. The rights issue...

  • Posted February 17, 2012
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  Finance Minister takes Nigeria on European Roadshow, Says FG Committed to Removing Subsidies

  The Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo Iweala, began a two-day, non-deal roadshow to update European investors on the political and economic outlook of Nigeria. International investors, especially those with stake...

  • Posted February 17, 2012
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  Nigeria’s Cocoa Output Threatened by Shortage of Insecticide

  Cocoa production from Nigeria, the fourth-biggest producer, is threatened by the shortage of an insecticide to fight mirids, the country’s cocoa association said. Wet weather has brought on an onslaught of mirids, insects that attack cocoa leaves, Robo...

  • Posted February 17, 2012
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  Nigerian Stock Exchange Watch: Market Falls, YTD Losses over 2%

  The Nigerian bourse shed marginally today as the All Share Index fell by 0.08% to close at 20,314.08. The banking sector was well firmed today as most counters spiraled northwards, however other blue chip stocks such as...

  • Posted February 16, 2012
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  Committee targets 40% female bank headship by 2014

  In a bid to empower more women in the financial sector, the Bankers’ Committee has set a target of 40 per cent female leadership in banks by 2014. The Governor, Central Bank of Nigeria, Mr. Lamido Sanusi,...

  • Posted February 16, 2012
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  EFCC to Introduce Lie Detector Tests to Oust Corrupt Officials

  The Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Lamorde has unveiled sweeping new reforms in order to sanitize the apex anti-corruption body in the country including the application of Polygraph or Lie detector tests....

  • Posted February 16, 2012
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  ICRC, others to address $930bn infrastructure funding gap

  The Infrastructure Concession Regulation Commission on Wednesday said it would in partnership with other African countries galvanise resources to address the $930bn infrastructure deficit in the continent. The Director-General, ICRC, Mr. Mansur Ahmed, gave the indication at...

  • Posted February 16, 2012
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  Ecobank Downsizes, but Promotes Top Performers

  Ecobank having recently completed its merger with Oceanic bank has announced the termination of an undisclosed number of staff, whilst also announcing the promotion of its best performing employees numbering about a thousand. A statement released by...

  • Posted February 16, 2012
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