All posts by Afolabi Ogunde

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  Wema Bank set to raise N35 billion Tier 1 Capital

  Wema Bank, Nigeria’s most resilient financial institution and oldest surviving indigenous lender, yesterday, announced plans to reapply for a National Banking License in view of a proposed tier 1 capital injection of around N35 billion by December...

  • Posted November 13, 2012
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  CBN Blames Rising Inflation on Governor’s Ostentatious Spending

  The Central Bank of Nigeria (CBN) has called on State governors to watch their spending habits, as their extravagant spending habits is responsible for inflation in the country. This warning was issued by the deputy governor, financial...

  • Posted November 13, 2012
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  Nigeria Stock Exchange Watch: ASI (-0.41%) Dips as Sell Side Sentiments Persist

  The market began the week with the ASI shouldering a loss of 0.41% to close at 26,609.33. Sell side sentiment was the order of the day as the banking sub-sector saw 4 gainers vs 9 losers. The Food...

  • Posted November 12, 2012
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  Dana crash: Insurers pay N373m to 79 relatives

  Five months after a Dana Air plane crashed in Lagos and left 153 passengers and crew members dead, the airline’s insurers have paid $2.37m (N373.04m) claims to relatives of the deceased. The Managing Director, Prestige Assurance, Mr....

  • Posted November 12, 2012
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  NLC to Protest Sokoto Governor Wamakko’s Assault on PHCN Employees

  Public services will soon be shut down in Sokoto as the Nigeria Labour Congress has threatened to embark on a strike in order to protest the recent activities of Sokoto Governor Aliyu Wamakko. Wamakko, a few weeks ago,...

  • Posted November 12, 2012
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  Skyfall $87.8 Million in North American Opening Week Sales, Record for Bond Film

    “Skyfall,” the latest James Bond film and the third starring Daniel Craig, led the U.S. and Canadian box office with a franchise-record $87.8 million in ticket sales for Sony Corp. and Metro-Goldwyn-Mayer Inc. Steven Spielberg’s “Lincoln,” from the director’s DreamWorks...

  • Posted November 12, 2012
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  Lagos Announced As First African City To Host Social Media Week

  Social Media Week Lagos (SMW Lagos) co-produced by Dragon Africa and AFRIKA21 debuts in Lagos, Nigeria February 18 – 22, 2013. Entering is 5th year in 2013; Social Media Week is a worldwide event.  Taking place in 11 cities...

  • Posted November 12, 2012
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  Electricity Reforms May Be Fizzling Out

  The vigour with which the Federal Government initially pursued its electricity reforms may be fizzling out. The expectation of stable electricity supply is now giving way to the fear that not much should be expected from the...

  • Posted November 9, 2012
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  Okada Ban: No Pain, No Gain – Fashola

  Lagos State Governor Babatunde Fashola has urged residents of the state to endure inconveniences accompanying the implementation of the traffic law, especially the restriction of operators of commercial motorcycles, popularly known as okada. The governor spoke during the...

  • Posted November 9, 2012
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  Nigeria’s Refineries Must be Operational by March 2013 – President Jonathan

  The Presidential spokesperson Reuben Abati has said the government is working on the implementation of the various Petroleum sector reports. He said the President wants to complete the Turn Around Maintenance (TAM) rehabilitation of three refineries in...

  • Posted November 9, 2012
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