All posts by Afolabi Ogunde

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  January 30th Deadline for EOI on Power Generation Firms Approaches

  The deadline for investors to show expression of interest (EOI) in acquiring Power Generation Companies  is January 30th. According to the Bureau of Public Enterprises, the generation companies up for sale or concession are Afam Generation Company,...

  • Posted January 24, 2012
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  N 89.7 Billion bonds up for Auction Wednesday

  The Debt Management Office (DMO) stated yesterday that the Federal Government will auction N 89.7 billion worth of  bonds on Wednesday. The 10 year sovereign bonds consist of re-issues and fresh issues. The fresh issues are due...

  • Posted January 24, 2012
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  Capital Expenditure gets a Measly 14% of 2012 Education Budget

  The Senate Committee on Education has queried the large percentage of the Ministry of Education’s budget that is voted for recurrent expenditure to the detriment of capital expenditure for infrastructure in the sector. The Education minister, Prof....

  • Posted January 24, 2012
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  World Bank loans $400 million for Urban Water Reform Projects

  The World Bank has disbursed $ 400 million to  Lagos, Kaduna, Ogun, Enugu and Cross Rivers. The funding is meant for the development and rehabilitation of urban water facilities and to increase access to piped water under...

  • Posted January 24, 2012
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  Fuel Distribution Nationwide to be Aided by Railways

  Fuel availability nationwide is set to improve considerably as a new distribution and logistics system in the form of Rail cargo is employed by the Nigerian Railway Corporation (NRC). The NRC will today take delivery of twenty...

  • Posted January 24, 2012
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  Nigerian Stock Exchange: ASI Resumes Freefall

  The Nigerian Stock Exchange has continued its descent into negative territory, shedding 66 basis points at the end of the session. The All Share Index retreated further to close at 20,683.46, bringing the year-to-date performance to -0.23%....

  • Posted January 23, 2012
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  As Security Agents scamper for safety, Could Lagos be the next Kano?

  Kano was unprepared for the attack, is Lagos any more prepared? We heard the revelations of security agents scaling fences, and scampering for safety, even the Assistant Inspector General of Police in charge of Zone 1 was...

  • Posted January 23, 2012
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  Cashlite Nigeria: UBA to Deploy 30,000 POS Terminals by Year End

  In furtherance of the cashlite policy of the Cental Bank of Nigeria, banks and telecommunications companies have already started boosting and promoting their products and services in this regards. UBA for instance recently disclosed that it has...

  • Posted January 23, 2012
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  Refineries to Operate at 90% Capacity in 2013 – NNPC Boss

  The Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) has stated that Nigeria’s refineries will achieve 90% capacity in 2013. The GMD stated that a schedule was already in place to facilitate for the Turn...

  • Posted January 23, 2012
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  FG to Generate 6,600 Mega Watts in 2012 – Nnaji

  According to the minister of Power, Professor Barth Nnaji, Nigeria will generate 6,600 Mega Watts of Electricity in 2012. Speaking at the opening of the Nigerian Power Sector Retreat in Abuja, the minister disclosed that one of...

  • Posted January 23, 2012
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