All posts by Afolabi Ogunde

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  Afren Strikes Oil again

  Afren a leading independent oil and gas exploration and development company has announced a new oil discovery at its Okoro East Exploration Well, located in the South Eastern part of Nigeria. Below is the full media statement...

  • Posted January 18, 2012
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  FCMB Forecasts Q1 Earnings of N24.5 Billion

  First City Monument Bank (FCMB) an international banking group based in Lagos Nigeria has released its Q1, 2012 earnings forecast on the floor of the Nigerian Exchange. The formidable banking group pioneered by Otunba Michael Subomi Balogun...

  • Posted January 18, 2012
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  Customs Boss reveals how NNPC aids Smuggling to other West African Countries

  The Nigerian National Petroleum Corporation (NNPC) is increasingly appearing to be a cesspit of corruption, fraud and malfeasance, mortgaging the welfare and livelihood of virtually every single Nigerian for the benefit of a handful of unscrupulous and...

  • Posted January 18, 2012
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  ‘Femi Otedola, Zenon aren’t Cabal, its a figment of People’s Imagination”-Zenon Boss

  The House ad-hoc Committee set up to investigate the subsidy saga questioned the Managing Director of Zenon Oil, Mr. Kanmi Otaru. Responding to questions on the level of involvement of Zenon in receiving subsidy benefits, Mr. Otaru...

  • Posted January 18, 2012
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  Nigerian Stock Exchange: All Share Index Breaks through 21,000 Levels

  The Nigerian Stock Exchange resumed the first day of the strike with a significant gain as the All Share Index appreciated 1.19%. Te Index closed at 21,072.27 and was buoyed by the performance of blue chips like...

  • Posted January 17, 2012
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  Udo Udoma to Lead Special Joint Task Force on Accelerating Petroleum Industry Bill

  The Federal Ministry of Petroleum Resources has issued a press release concerning the Petroleum Industry Bill (PIB). It states that the Minister of Petroleum, Diezani Madueke has set up a Special PIB Task Force to work alongside...

  • Posted January 17, 2012
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  EFCC Storms PPPRA, NNPC Offices, Carts Away Files

  In line with the statement issued by Federal Government that it would investigate and prosecute organizations and individuals that benefitted from the oil subsidy payments in a fraudulent manner, the Economic and Financial Crimes Commission (EFCC) has...

  • Posted January 17, 2012
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  Nigerian Banks Dominate Top 50 African Index – Banker Magazine

  The Banker magazine, a publication of the Financial Times of London has released a regional list of top 200 banks in Africa. Nigeria led the pack with 11 banks featuring in the Top 50. Other leaders were...

  • Posted January 17, 2012
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  Gasoline Vessels to Commence Discharge of 1 million tons of Fuel

  Several vessels, numbering 30, stranded outside the Apapa ports during the strike period are expected to begin offloading their cargoes today, now the strike has been called off. The tankers estimated to be holding approximately a million...

  • Posted January 17, 2012
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  Oil Minister to engage Auditors to Audit KPMG’s Audit of Oil Ministry

  The minister for Petroleum Resources, Diezani Alison-Madueke has disclosed sweeping measures she will undertake to reform the corruption in the Oil Ministry bedeviling ordinary Nigerians and enriching the politically connected elite. The Minister commenting on issues revolving...

  • Posted January 16, 2012
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