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All posts by Afolabi Ogunde

  • Stock Market Watch: Dangote Carries the Index to the Green

    Dangote Cement gained the full 500 points allowed and carried the market on its back to close in the green after today’s trading. The All Share Index was up 0.76% to close at 20,773.98. The Food and...

    • Posted December 29, 2011
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  • Buy Dubai

    A leading property developer in Dubai, Damac Properties, is developing an ultra-modern luxury high-rise (90 floors) residential tower in the Dubai marina. The project is located next to the Marina Walk and facing the Palm Jumeirah and...

    • Posted December 29, 2011
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  • Standard & Poor’s Upgrades Nigeria’s Rating to Positive

    Standard & Poor’s Ratings Services said today it revised its outlook on the Federal Republic of Nigeria to positive from stable. At the same time, we affirmed the ‘B+/B’ long- and short-term issuer credit ratings and the...

    • Posted December 29, 2011
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  • Central Bank Releases Guidelines for Cashless Lagos, Rules Apply from 1-1-2012

    The CBN released guidelines for the implementation of Cash Lite Lagos beginning, January 1st, 2012. Under the guidelines released by the CBN, banks are expected to stop providing CIT (cash in transit) services to merchant customers. CIT...

    • Posted December 29, 2011
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  • Gold Prices Plummet Due to Eurozone Crisis, Profit-taking

    The price of gold continues to plummet due to strong growth in the value of the dollar. The European financial crisis continues to take a toll on the Euro and strengthen USD/EUR currency pair such that the...

    • Posted December 29, 2011
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  • Former Award Winning Banker Cecilia Ibru Shamed, De-listed from CIBN Register

    The Chartered Institute of Bankers of Nigeria (CIBN) has struck-out Mrs. Cecilia Ibru, former Managing Director/Chief Executive, Oceanic Bank International Plc and an Honorary Fellow of the Institute from her Register of members. According to a statement...

    • Posted December 29, 2011
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  • Our Boko Haram Well Wishers: Thanks, but No thanks!

    Yesterday was the blackest Christmas Nigeria has ever witnessed. Apart from the regular pangs Nigerians face, such as no electricity, influx of police checkpoints, heightened robbery attacks, and government insensitivity, there is now a new nemesis-terror. Boko...

    • Posted December 26, 2011
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  • Russian Billionaire Buys $88 Million apartment for 22 year old daughter

    Most 22-year-olds can’t even imagine having a foot on the property ladder – let alone one that costs $88million. But having a Russian billionaire father usually helps, as demonstrated by Ekaterina Rybolovleva, daughter of former fertiliser magnate Dmitry Rybolovlev....

    • Posted December 24, 2011
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  • Dear Mr. President, One plus One equals Two

    During the presidential media chat, Nigeria’s no. 1 citizen made a lot of pronouncements. Yesterday in front of millions and millions of Nigerians, Mr. President admitted that the government can pay the subsidy and is in fact...

    • Posted December 24, 2011
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  • PhD in Zoology and Animal Farm Administration

    “All animals are equal but some animals are created more equal than others.” George Orwell, Animal Farm (1945) Why else will two families be entitled to N 1 billion worth of breakfast, lunch and dinner per annum,...

    • Posted December 24, 2011
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