All posts by Afolabi Ogunde

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  Nigerian Stock Exchange Watch: After Consecutive Decline, Market Breathes Sigh of Relief

  The Nigerian Stock Exchange breathed a sigh of relief in the session today, coming up for air after drowning into decline for over a week. The All Share Index gained 13 points today to close at 20,625.56,...

  • Posted January 25, 2012
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  Credit Card Scam: Adekunle Adetiloye, Canadian Man, Sentenced To 18 Years For Massive Bank Theft

  THE ASSOCIATED PRESS — FARGO, N.D. – A Canadian man accused of masterminding one of the largest high-tech bank robberies in U.S. history was sentenced to nearly 18 years in prison Monday following a years-long investigation into...

  • Posted January 25, 2012
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  NLNG, NNPC Seek $ 4 Billion in International Debt Financing

  The Nigerian Liquefied Natural Gas (NLNG) and the Nigerian National Petroleum Corporation (NNPC) are seeking international debt financing to finance part of their operations in 2012. NLNG is seeking over $ 1 billion to finance the acquisition of new...

  • Posted January 25, 2012
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  Nigeria, Kenya top Foreign Investors Preferred Investment Destinantions

  According to a report based on a poll conducted by the Economist Intelligence Unit (EIU), more than 50% of foreign investors including hedge funds, pension funds and private banks see Africa as the most attractive investment destination...

  • Posted January 25, 2012
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  Power Ministry Plans additional 6,000 Mega Watts from New and Existing IPPs

  According to the minister of Power, Barth Nnaji, Nigeria is set to see a boost in electricity generation, about 3,300 Mega Watts, from new Independent Power Projects (IPPs) within the next two years. Te minister also disclosed...

  • Posted January 25, 2012
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  Union Bank gets SEC Nod to Extend Rights Issue until February 10

  Following its securing of approval from the Security and Exchange Commission (SEC), Union Bank has extended its right application to February 10th 2012. The Rights Issue was slated to terminate on January 20th, however the bank was...

  • Posted January 25, 2012
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  Apple Releases Q1 Earnings, Sells 37 million iPhones, 15 million iPads

  Apple Inc, the company with the largest cash reserves in the world, topping $100 billion has done it again. The company released its Q1, 2012 earnings yesterday, beating analysts’ forecasts by a long shot as it recorded...

  • Posted January 25, 2012
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  Nigeria Stock Exchange Watch: Market Fails to Find Swagger in 2012

  The Nigerian Stock Exchange is proving old habits die hard. The market closed the session yesterday down by 0.41%. The All Share Index settled at 20,598.67, bringing the weekly performance to -2.25% and the year-to-date performance to...

  • Posted January 25, 2012
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  NSE Lobbies AMCON, FG on Margin Loans Debt Relief for Brokers

  At a recent conference on the 2011 Market Review and 2012 Outlook of the Nigerian Capital Markets, the CEO of the Nigerian Stock Exchange, Oscar Onyeama disclosed that the Exchange was seeking relief for stock brokers who...

  • Posted January 24, 2012
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  Zenith Bank Reschedules Board Meeting to Deliberate on Financials and Dividends

  Zenith Bank has notified The Exchange that its Board of Directors meeting which was earlier scheduled to hold on Friday 27, 2012, has been rescheduled to hold on Monday, January 30, 2012 at 10. 00 a.m. prompt....

  • Posted January 24, 2012
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