All posts by Afolabi Ogunde

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  Total begins second phase of Ofon field development in Nigeria

  Construction and installation contracts have been awarded for Ofon Phase 2, which is scheduled to come on stream in 2014. The Ofon field is located in Oil Mining Lease (OML) 102, 65 kilometres off the Nigerian shores...

  • Posted February 8, 2012
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  Banker’s Committee Pledge Single Digit Interest Rate for Women Entrepreneurs

  The Central Bank Governor speaking at the ongoing Microfinance and Entrepreneurship Awards has made it known that 2012 has been themed the year of “Women Empowerment” by the Banker’s Committee. In order to empower women in the...

  • Posted February 8, 2012
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  Nigerian Stock Exchange: Market Declines by 0.4%, Diamond Bank up 34% YTD

  The Nigerian Stock Exchange went into descent after the conclusion of the first trading day of the week. The All Share Index retreated by 0.41% to close at 20,792.75. The market was dragged down by the bearish...

  • Posted February 7, 2012
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  UBA Appoints Mr. Ugochukwu Nwaghodoh as CFO

  United Bank for Africa (UBA) has notified The Exchange of the appointment of Mr. Ugochukwu Nwaghodoh as its new Chief Financial Officer. According to a statement provided to the NSE, “Nwaghodoh holds a BSc. Degree from the...

  • Posted February 7, 2012
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  Crude Oil May Hit $150

  Crude Oil may hit $ 150/barrel in 2012 on the back of increasing volatility in major producing Nations such as Nigeria and embargo on crude out of Iran. Many commodity analysts when forecasting 2012 crude oil prices,...

  • Posted February 7, 2012
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  NSE $1trillion Capitalization May be a Wide Dream – Operators

  The projection of the Nigerian Stock Exchange to grow market capitalisation in 2016 to $1trillion (N150 trillion) might be a wide dream going by the current security challenges in the country and the dwindling fortunes of the...

  • Posted February 7, 2012
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  Nigeria Loses Over $500 Million Monthly Due to Crude Bunkering – Shell

  Shell Petroleum Development Company (SPDC) has raised an alarm concerning heightened oil theft activities on its Nembe Creek Trunkline (NCTL). According to shell over 140,000 barrels per day conservatively valued at $ 16 million/day and $480 million/month...

  • Posted February 7, 2012
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  Erratic Gas Supply from Nigeria causes Ghana Electricity Outages

  The Electricity Company of Ghana (ECG) has been compelled to begin load shedding exercise in various parts of the country due to erratic supply of Gas from Nigeria’s West African Gas Pipeline (WAGP). The WAGP is an...

  • Posted February 7, 2012
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  Glencore Agrees to Buy Xstrata for $62B in Shares, forms $ 90 Bln Company

  Glencore International Plc, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata Plc for 39.1 billion pounds ($62 billion) in the biggest mining takeover. Glencore, which has 34 percent of Xstrata, offered 2.8 new shares for each...

  • Posted February 7, 2012
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  Oyedepo’s Covenant University Partners with International Software Company SAP

  Covenant University, one of the foremost private institutions of higher learning in West Africa has signed a memorandum of understanding for information technology programmes with a multi-national software company SAP. The SAP corporate masters programme will commence...

  • Posted February 7, 2012
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