All posts by Afolabi Ogunde

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  FCMB finalizes FinBank Acquisition

  First City Monument Bank has finally completed its acquisition of Finbank, months after shareholders approved the deal. Shareholders had given their approval for Finbank to be acquired as far back as September 2011, however the Securities and...

  • Posted February 13, 2012
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  Nigerian Stock Exchange Drafts Morgan Stanley for Investor Education Clinic

  The Nigerian Stock Exchange (NSE) has drafted major American financial services institution, Morgan Stanley to collaborate with it on an Investor’s Clinic. In a bid to restore market confidence and drive investor’s back to the market, Mr....

  • Posted February 13, 2012
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  Apple Sues Samsung

  Apple Inc.’s newest lawsuit against Samsung Electronics Co., set for a hearing May 2, increases the number of Samsung devices that Apple argues infringe its products. Apple seeks a court order blocking the alleged infringement in smartphones...

  • Posted February 13, 2012
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  Are You Sabotaging Your Own Career?

  Several of us were talking this morning about the frustrations of waiting for someone to do their job. I see it time and time again yet still find it surprising that some people just don’t realize how...

  • Posted February 11, 2012
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  Nigeria Stock Exchange: Market Spirals Downwards Entire Week

  The Nigerian Stock Exchange continued to sustain losses yesterday as the All Share Index dipped by 0.04% to settle at 20,623.63. The Banking sub-sector closed up marginally by 0.03% due to the positive uptick in top tiers...

  • Posted February 11, 2012
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  Guinness Posts Less than Impressive H1, 2012 Earnings

  Guinness Nigeria Plc has released its 1H, 2012 results representing the period from June 2011 to December 2011. The company posted a marginal growth in sales as it recorded a turnover of N 62.8 billion as opposed...

  • Posted February 10, 2012
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  N’Assembly accepts FG’s proposal to cut 2012 budget

  The National Assembly has accepted the Federal Government’s proposal to reduce the size of the 2012 Budget. It has however, directed the agencies and ministries to immediately submit the details of subheads from which they would cut...

  • Posted February 10, 2012
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  President May Revoke Lagos-Ibadan Expressway Concession Agreement with Bi-Courtney

  In what appears to be a response to pressure from the Ogun State Governor, Ibikunle Amosun, the President has indicated that he may revoke the road concession agreement granted to Wale Babalakin’s Bi-Courtney. Speaking at the commissioning...

  • Posted February 10, 2012
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  Real Madrid, Barcelona Football’s Richest Clubs – Deloitte

  Spain’s biggest soccer teams, Barcelona and Real Madrid, are beginning to leave their rivals behind in the sport’s money race. Real Madrid saw its revenues rise by just more than 9% to €480 million ($637 million) in...

  • Posted February 10, 2012
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  PENGASSAN Threatens Strike Action in Rivers, Bayelsa, Akwa Ibom and other States

  The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have issued a strike notice to the government of Rivers State, threatening to halt oil and gas processes in Rivers and nine other states including Abia,...

  • Posted February 10, 2012
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