All posts by Afolabi Ogunde

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  NIMASA Accuses Shell of Cover-up as Oil Major Reports Fresh New Spill

  The Nigerian Maritime Administration and Safety Agency (NIMASA) has rebuked Shell for not taking full responsibility for the colossal oil spill, at its Bonga facility, the multinational oil major reported late December. Shell had earlier released statements...

  • Posted January 4, 2012
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  Nigerians protest Fuel Hike as “Mother of All protests” Planned in Coming Days

  Hundreds of angry Lagosians took their protests to the streets today, condemning the removal of fuel subsidy by what they termed a “wicked” “callous” and insensitive government. Protests were led by the Joint Action Front and took...

  • Posted January 3, 2012
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  Bonga Oil Spill: Shell May have compromised Senate Committee, Media

  A senate committee led by Bukola Saraki, investigating the oil spilled by Shell off the coast of Nigeria at its Bonga facility, has praised Shell for its prompt efforts to checkmate the spill and avert any environmental...

  • Posted January 2, 2012
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  Ondo Green-lighted to Seek N 27 Billion from Capital Markets

  The Ondo state government has been greenlighted by the regulatory bodies to approach the capital market with phase 1 of its bond issuance program which seeks to raise n 27 Billion as a first tranche. The state...

  • Posted January 2, 2012
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  Subsidizing Transport for the Poor: An Initiative by Ben Bruce

  A good plan is only as important as the willingness to execute it. Since Independence in 1960, successive administrations have paid little attention to the poor. Government has played the role of Robin Hood, unfortunately though in...

  • Posted January 2, 2012
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  Fuel Subsidy Removal: Some Marketers Already Selling Petrol At N 150

  Thousands of Lagosians rushed to filling stations after information that the Federal Government had removed fuel subsidy trickled through media channels. Whilst some of them were lucky enough to find filling stations still open and selling at...

  • Posted January 1, 2012
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  Stock Market Recap: 2011 Was Year of the Bear

  STOCK MARKET RECAP: 2011, year of the Bear The Nigerian Stock Exchange in 2011 was the year of the bear. Undoubtedly the stock market held much potential at the onset of the year, with a lot hinging...

  • Posted January 1, 2012
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  Nigeria might talk to Boko Haram via “back channels”

  Nigerian security services are considering making contact with moderate members of shadowy Islamist sect Boko Haram via “back channels,” even though explicit talks are officially ruled out, the national security adviser said on Friday. Speaking a day...

  • Posted December 30, 2011
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  Stock Market Watch: N 8.7 Billion traded in last session of 2012

  The Nigerian Stock Market closed the last trading day of the year slightly down, shedding only 21 points. The All Share Index closed the year at 20,730.63. The banking sub-sector appreciated by 0.75%, as top-tiers UBA, GTBank...

  • Posted December 30, 2011
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• UBA to form Holding Company, Get Shareholders Approval

  Shareholders of United Bank for Africa (UBA) Plc, Thursday  approved  its plan to restructure into a financial services holding company(holdco). The approval, which was given by the shareholders at a court- ordered meeting   in Lagos, will enable...

  • Posted December 30, 2011
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