All posts by Afolabi Ogunde

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  Bureau of Public Enterprises issues RFP for Transmission Company of Nigeria

  The Bureau of Public Enterprises (BPE) has issued a Request for Proposals (RFP) to Manitoba Hydro of Canada and Power Grid of India ahead of its planned sale of the Transmission Company of Nigeria (TCN). The Transmission...

  • Posted February 2, 2012
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  NCC to Bar Unregistered Subscribers in March, says Number Portability Commences September

  The Nigerian Communications Commission has disclosed that unregistered SIM cards in the country will be blocked in March. The Executive Vice-Chairman, NCC, Eugene Juwah stated that the NCC is currently ongoing the data harmonization exercise with the...

  • Posted February 2, 2012
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  Zuckerberg’s Letter to Potential Facebook Shareholders’ (Full Text)

  As part of the company’s $ 5 billion Initial Public Offering (IPO) filings yesterday, the CEO of Mark Zuckerberg penned a letter to potential shareholder’s, stating that the company was on a social mission, and engaged in...

  • Posted February 2, 2012
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  Sun Trust Real Estate Investment Trust (REIT) Seeks to Raise N 20 Billion from Investors

  SUN Trust Savings and Loans, an indigenous mortgage bank, licensed by the Central Bank if Nigeria to provide mortgage banking services. The company has announced plans to raise N 20 billion from the capital markets via the...

  • Posted February 2, 2012
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  Nigerian Stock Exchange: ASI Market Capitallization Dips by 0.41%

  The Nigerian bourse lost N 26 billion of its market capitalization today as the All Share Index retreated 0.41% to close at 20,790.87. The general activity in the market saw a decline today as the volume traded...

  • Posted February 1, 2012
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  Stanbic IBTC fund gets AA rating

  Stanbic IBTC Money Market Fund, a fund managed by Stanbic IBTC Asset Management Limited has received an AA(f) rating by Agusto & Company. According to the ratings firm, the rating denotes a fund with “minimal exposure to...

  • Posted February 1, 2012
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  Cost and Time of Setting Up a Company in Nigeria set to Reduce

  The Federal Government in a bid to increase the competitiveness of Nigeria as a business destination is taking steps to reduce the cost and time involved in starting a business in Nigeria. According to a recent World...

  • Posted February 1, 2012
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  Key Outcomes of CBN’s MPC first Meeting in 2012

  The Monetary Policy Committee held their first meeting of 2012 in Abuja yesterday and resolved to leave the key lending rate unchanged at 12%. Commenting on the global economic situation in a press release on the CBN’s...

  • Posted February 1, 2012
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  Lagos State Commences New License Plate Issuance

  The Lagos State government will begin replacing old license plates with the new license plates on Thursday. The Motor Vehicle Administration Agency (MVAA) has said that it has cleared its backlog of requests for the new license...

  • Posted February 1, 2012
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  FG Revokes Single Window Systems N 4.5 trillion Contract

  After much controversy centering on allegations of corruption and impropriety, the Federal Government has terminated the contract awarded to Single Window Systems and Technology Limited. The contract which allowed for a sole submission point for importers and...

  • Posted February 1, 2012
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