All posts by Afolabi Ogunde

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  FG to raise up to N 240 billion in Sovereign Bonds during Q1, 2012

  The Federal Government has revealed through the Debt Management Office (DMO) that it intends to raise up to N 240 billion from the capital markets in Q1, 2012. The DMO will seek to raise between N 129.75...

  • Posted January 20, 2012
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  Nigerian Stock Exchange Watch: Bearish Sentiments Linger

  The Nigerian Stock Exchange has declined for the second straight day on the back of a bearish showing put on by the financial services and consumer goods sectors. The All Share Index retreated to 20,913.21, bringing the...

  • Posted January 19, 2012
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  Inflation Falls Unexpectedly in December

  In an unexpected development, the Consumer Price Index (CPI) declined in December to 10.3% from 10.5% in the preceding month. This was unusual as the routine hike of prices during the festive periods usually pushes the CPI...

  • Posted January 19, 2012
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  Chevron Oil rig workers presumed dead, Efforts on to Drill Relief Well

  Chevron Corp. says it has ended its search for two workers who went missing in a fire on an offshore rig near Nigeria’s coast. Chevron said in a statement Thursday it extends its condolences to the families...

  • Posted January 19, 2012
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  GTBank, Zenith Announce Meeting to Consider 2011 Financial Statements, Dividend Payments

  GTBank has notified the Nigerian Stock Exchange that the Board of Directors of the Bank will meet on Wednesday, January 25, 2012 to consider the Audited Financial Statements for the financial year ended December 31, 2011. The...

  • Posted January 19, 2012
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  Oil Prices May Slump in 2012 says Paris based IEA

  Demand for oil in 2012 is likely to fall on the back of several drivers across the globe. Firstly Europe is expected to encounter a difficult financial crisis, leading to a global recession. Secondly tensions in the...

  • Posted January 19, 2012
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  Ecobank acquires The Trust Bank Ghana

  Ecobank Transnational incorporated Plc yesterday disclosed to the Nigerian Stock Exchange its acquisition of a 100% OF The Trust Bank Ghana Limited. According to the statement, “Under the terms of the transaction, which was approved on 9...

  • Posted January 19, 2012
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  Nigeria paid close to N 670 billion for smuggled fuel – Investigation

  The ad-hoc Committee investigating the Petroleum Subsidies saga continues to unravel one bombshell after the other. The lastest discovery is that Nigeria over-imported petrol on a daily basis to the tune of 24 million litres in 2011,...

  • Posted January 19, 2012
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  FEC Earmarks N 363 million for Mineral Resources Audit

  The Federal Executive Council (FEC) during its meeting yesterday earmarked N 363.6 million to be provided to two independent auditing firms for the audit of the oil and gas and solid mineral resources sectors of the economy....

  • Posted January 19, 2012
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  Nigerian Stock Exchange Watch: Market Retreats Marginally

  The Nigerian Stock Exchange retreated from its gains yesterday as the All Share Index declined by 0.35%. The Index closed at 20,997.88, driven by a bearish outing from the breweries sub-sector. Guinness and Nigerian Breweries shed 3.19%...

  • Posted January 18, 2012
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