All posts by Afolabi Ogunde

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  Access Bank completes Intercontinental Bank Takeover

  Access bank has finalized its merger & acquisition exercise with Intercontinental bank, and intercontinental bank ceases to exist as a commercial entity. According to a statement provided by Access bank management, the integration has been concluded after...

  • Posted January 31, 2012
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  Nigerian Stock Exchange Watch: Market Capitalization Dips by 0.77%

  The Nigerian Stock Exchange opened the week on a bearish note, as the ASI shed 0.77% to close at 20,731.72. Several bluechip companies went to the bears today due to an increase in participants willing to off...

  • Posted January 30, 2012
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  More than 1,000 Facebook Employees to become Millionaires post-IPO

  (CBS News) The Wall Street Journal is reporting that paperwork for the most anticipated initial public offering (IPO) in more than a decade – Facebook – could be filed this coming week, and it could mean as...

  • Posted January 30, 2012
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  Sarkozy Unilaterally calls for 0.1% Tax on Financial Transactions in France

  French president, Nicolas Sarkozy, is championing a new tax regulation that will impose a 0.1% tax on financial transactions. The European Commission proposed a tax of 0.1% on equity and bond transactions, and a 0.01% tax on...

  • Posted January 30, 2012
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  Dangote Cement’s Ibese Plant Comes onstream February 9th, Produces 70% of Nigerian Demand

  Dangote Group, Nigeria’s leading business conglomerate has announced that its cement manufacturing subsidiary, Dangote Cement will be inaugurating its Ibese plant on February 9th. The plant is said to be the biggest in Africa with a capacity...

  • Posted January 30, 2012
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  Flour Mills Invests 7 billion in Edible Oils Manufacturing Plant in Ibadan

  Flour Mills, a leading player in the Fast Moving Consumer Goods sector has concluded arrangements for the establishment of an edible oil manufacturing plant in Ibadan, Oyo state. The plant will have a daily capacity of 500...

  • Posted January 30, 2012
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  Ministry of Aviation Should be Scrapped – Aviation Experts

  A group of aviation exerts under the aegis Aviaton Round Table (ART) have called for the scrapping of the Federal Ministry of Aviation. During a recent meeting, the Chairman of the group, Captain Dele Ore stated that...

  • Posted January 30, 2012
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  Diamond Bank Launches Naija Diamonds Season 2

  Diamond Bank has launched season 2 of Naija Diamonds, a documentary series focusing on 36 Nigerians and the impact their heroic exploits have on their communities and society-at-large. The vision behind this project is to show case...

  • Posted January 30, 2012
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  Nigeria Stock Exchange, January 2012 Leaders: In depth Analysis

  The Nigerian Stock Exchange has started out the year on a promising note. Sure the All Share Index is only up marginally at less than a percent or 0.78% year-to-date (YTD). However there are signals that this...

  • Posted January 28, 2012
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  INEC Requires N 59 Billion for 2015 Elections, 9 Billion to be spent on Permanent Voter Cards

  Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega, yesterday demanded the sum of N 59 billion for the conduction of free and fair elections in 2015 as well as bye-elections this year. Jega, speaking...

  • Posted January 27, 2012
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