All posts by Afolabi Ogunde

• 
  Impending Fuel Scarcity as NUPENG Strikes

  The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG)  commenced a nationwide strike, yesterday, that could disrupt fuel distribution nationwide if not resolved quickly. Petroleum tanker drivers yesterday stopped lifting fuel from storage in response to...

  • Posted February 1, 2012
  • 0
• 
  Fly Nigeria Act Initiative to Protect N 500 Billion from Capital Flight

  Former Nigerian Bar Association (NBA) president, Olisa Agbakoba is championing a new legislation to boost the fortunes of the indigenous Aviation industry. The Fly Nigeria Act is a bill put before the National Assembly that may soon...

  • Posted February 1, 2012
  • 1
• 
  Nigerian Stock Exchange: Market Bounces Back after One Day Loss

  The Nigerian Stock Exchange was up almost a 100 basis points today, rallying a from yesterday’s one-day decline. The bourse picked up 0.7% as the ASI settled north of yesterday’s close at 20,875.83. Investor interest in low...

  • Posted January 31, 2012
  • 0
• 
  Naira Declines for Third Day on Interest Rate Bets

  Nigeria’s naira weakened against the dollar for the third day on speculation the nation’s central bank will probably leave its benchmarkinterest rate unchanged. The currency of Africa’s biggest oil producer depreciated 0.2 percent to 161.25 per dollar on the interbank...

  • Posted January 31, 2012
  • 0
• 
  MTN, Qualcomm collaborate to improve 3G network

  The over 42 million subscribers on the MTN network are expected to enjoy reliable services on their mobile devices as the network provider collaborate with Qualcomm to improve its network. The Chief Technology Officer, MTN, Mrs. Lynda...

  • Posted January 31, 2012
  • 0
• 
  Senate Frowns at Zero Capital Budget for Rural Electrification Agency

  Respite may be coming for the Rural Electrification Agency (REA) and the Nigerians who fall under its purview as members of the Senate Committee on Power have taken issue with the zero allocation for capital budgets in...

  • Posted January 31, 2012
  • 2
• 
  Presidency defends 2012 N 1 billion Food Budget

  Permanent Secretary of the Presidency, Mr. Tunji Olaopa defended the N 1 billion food, education and entertainment allocation in the 2012 budget for the Presidency saying, “about the budget of the Presidency, there is some misrepresentation regarding...

  • Posted January 31, 2012
  • 3
• 
  Court orders Airtel to revert name to Econet

  The Federal High Court of Nigeria has ordered Airtel Nigeria to revert to its former name, Econet Wireless Limited.   The court also ordered the Bharti Airtel to reinstate Econet Wireless’s five per cent shareholding in Airtel...

  • Posted January 31, 2012
  • 0
• 
  Ministry of Trade and Investment Attracts N 4.29 trillion Investments in 6 months

  The Ministry of Trade and Investments has secured N 4.89 trillion worth of investment commitments from local and international investors. This amount was secured after 60 meetings in a period of 6 months by the Segun Aganga...

  • Posted January 31, 2012
  • 2
• 
  UTC Launches New Food Court in Victoria Island, Emphasis on Healthy Foods

  Food and Beverage company, UTC Nigeria Plc, has opened an ultra-modern food court in Victoria Island, Lagos. The food court is the second in the commercial city of Lagos out of a planned eight. The Victoria Island...

  • Posted January 31, 2012
  • 0