All posts by Afolabi Ogunde

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  Three dead as Nigerians Unite against Corruption on first day of Labour Strike action

  Protesters challenging the increase in petrol prices by the executive branch of government converged in metropolis’s all over Nigeria. Lagos witnessed an outpouring of literally tens of thousands of people, who rallied at Gani Park, in Ojota...

  • Posted January 9, 2012
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  Nigerian Stock Exchange Watch: Honeywell, Fidelity, Dangote Cement lead despite Strike

  The Nigerian Stock Exchange managed to gain in trading today, despite a nationwide strike action that grounded most businesses in the country. The All Share Index was up 0.37% to close at 20,802.33. The performace of the...

  • Posted January 9, 2012
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  President of Guinea-Bissau gives in to long time battle with Illness

  Mallam Bacai Sanha, President of Guinea Bissau has died in a hotel in Paris where he was receiving treatment for an ailment rumored to be diabetes. The president of the West African country’s death was announced by...

  • Posted January 9, 2012
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  Swiss Central Bank Governor Resigns on Allegations of Impropriety

  The governor of the Central Bank of Switzerland, Phillip Hilderbrand has stepped down from his post amidst allegations of impropriety centered on foreign exchange speculation committed by him and his wife. On normal grounds there is nothing...

  • Posted January 9, 2012
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  Labour Strike Affects Bank Branches Not Bank E Channels

  Despite the nationwide labour strike affecting bank branches today, many Nigerian banks are still offering skeletal services to their customers in the form of e-channels services. E-channels services include Automated Teller Machines (ATMs). GTBank’s Head of Information...

  • Posted January 9, 2012
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  House of Reps to Presidency: Reinstate Subsidy, Restore Nigeria to pre-New Year Normalcy

  The House of Representatives held an emergency plenary session yesterday (Sunday), cutting short its recess in order to weigh in on the fuel subsidy removal brouhaha causing civil unrest in the country. In a pro-people move, the...

  • Posted January 9, 2012
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  Cash-Lite Lagos: CBN Suspends 3rd Party Cheque Rule

  One of the rules under the cashless policy of the CBN has been suspended until March, 2012. The rule in question pertains to the encashment of third party cheques across the counter. The CBN had sought to...

  • Posted January 9, 2012
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  Subsidy Removal: Cost of Basic Medication on Increase

  The President of the Pharmaceutical Society of Nigeria has alerted Nigerians that the costs of basic medication will appreciate by 50% in a matter of weeks, if the removal of subsidy is not reversed by the Federal...

  • Posted January 9, 2012
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  The Nigerian Stock ExchangeToday: Dangote Subsidiaries lead the market

  The NSE advanced 33 points today buoyed by the bullish performance of the Food and Beverages sub-sector. Dangote subsidiaries led the sector as the Sugar, Flour and Salt arms of the formidable conglomerate gained 4.94%, 4.35% and...

  • Posted January 6, 2012
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  Bonga Oil Spill: Gov’t calls on Shell to accept responsibility, clean up coastal communities

  Reports from Shell that it has largely cleaned up the 40,000 barrels oil spill in the Bonga Oil field has been refuted by senior government officials including the Governor of Delta State, Emmanuel Uduaghan and the Director...

  • Posted January 6, 2012
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