All posts by Afolabi Ogunde

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  Labour Strike to have Little to no Effect on Crude Oil Exports – NNPC

  Even as the Nigerian Labour Unions, including the Oil and Gas workers union, PENGASSAN and NUPENG, have pledged to embark on a strike on Monday that will cripple economic activities in the country, many oil and gas...

  • Posted January 6, 2012
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  Transport Ministry’s Website Compromised by Nigerian Hactivists, Hackers #OccupyNigeria

  The website of the Federal Ministry of Transportation has been hacked this morning by a group identifying themselves as “Naija Cyber Hactivists”. The group left this message on the home page, “Greetings Nigerian Government, We are Naija Cyber...

  • Posted January 6, 2012
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  Economic Activities Paralyzed from Monday, Airports and Seaports Closed-Labour

  The Air Transport Services Senior Staff Association of Nigeria (ATSSAN), the Nation Union of Air Transport Employee (NUATE) the National Association of Aircraft Pilots and Engineer (NAAPE) have notified their members to withdraw their services at midnight...

  • Posted January 6, 2012
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  S&P Reviews Credit Ratings of First, Zenith and GTBank

  International ratings agency  Standard & Poor’s have reviewed the ratings for three top-tier Nigerian banks.First Bank, Zenith Bank and GTBank have had their outlook ratings upgraded from stable to positive. The ratings agency has also confirmed the...

  • Posted January 6, 2012
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  NBA Calls for Establishment of Loot Recovery Fund, Impeachment of Jonathan

  The Nigerian Bar Association has stated in categorical terms that it stands with the people against government’s decision on fuel subsidy withdrawal. The apex body for the law profession has also called on the National Assembly to...

  • Posted January 6, 2012
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  Stock Market Watch: ASI inches up 11 points

  The Nigerian Stock Exchange recorded a positive performance for the first time this year today. The bourse inched up 11 points to close at 20,657. Top gainers today were Honeywell(4.96%), Custodian (4.93%), Dangote Flour(4.93%), Fidson(4.65%) and May...

  • Posted January 5, 2012
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  Bagco Appoints New Directors

  Bagco Nigeria Plc has notified The Exchange of the appointment of Messrs. Olukorede Okusanya as Company Secretary / Director and Thanasis Mazarakis as Non-Executive Director. Okusanya has an Upper Credit (HND) in Accounting from Ondo State Polytechnic,...

  • Posted January 5, 2012
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  Sanusi places full weight behind Subsidy Removal, Says Cost of Living Increases were Expected

  Speaking to BBC Africa, Lamido Sanusi stated, “We are in a world where there are serious concerns about sovereign debt. We are in a world where there are concerns about the Euro Zone and what that might...

  • Posted January 5, 2012
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  Yahoo names PayPal’s Scott Thompson as CEO

  Yahoo named PayPal President Scott Thompson as its chief executive on Wednesday, hoping the well-regarded Internet technology and e-commerce expert will replicate his success at eBay Inc and turn around the struggling company. Thompson, credited with driving...

  • Posted January 5, 2012
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  EU in Agreement on Iranian Oil Sanctions, Crude Oil Futures Surge on Supply Concerns

  After weeks of back and forth threats between the US, the EU on a side and Iran on the other, feelers are emerging that the European Union member countries have largely reached a consensus to place an...

  • Posted January 5, 2012
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