All posts by Afolabi Ogunde

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  Investigation Uncovers How Diezani Madueke Runs Oil Ministry From Her Living Room

  Nigeria’s controversial oil minister Diezani Alison-Madueke’s management style, which is disrupting the governance structure of the Nigerian National Petroleum Corporation, NNPC, is causing concern in the state oil giant and the industry, a joint investigation by the International Centre for Investigative...

  • Posted November 9, 2012
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  Cash Smugglers: EFCC Arrests Two with $250,000, Solid Gold Nuggets Worth N34 Million

  The Economic and Financial Crimes Commission, EFCC has arrested two suspects over an attempt to smuggle more than $238,858 ( two hundred and thirty eight thousand, eight hundred and fifty eight United States Dollars) out of the...

  • Posted November 9, 2012
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  Nigeria Stock Exchange Watch: ASI Adds 0.34% as Market Capitalization Hits $54 billion

  The All Share Index advanced 0.34% to close at 26,883.76. Performance was driven largely by positive price movement in the shares of blue chip stocks such as Dangote Cement (+1.22%), and Nigerian Breweries (+1.32%). The sentiment across the...

  • Posted November 8, 2012
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  Boniface Godspower: Nigeria Police Force: Special Mafia Unit

  The men in black are Nigeria’s most notorious cult group. Forget about the Black Axe, the Buccaneers and even the terrorists in the North and other regions of the country, the Nigerian Police are the real bad...

  • Posted November 8, 2012
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  Nigeria, China’s Sinohydro Sign Accord for 3050 Megawatt Power Plant

  Nigeria signed a memorandum of understanding with China’s Sinohydro Corp. to build a 3,050- megawatt hydropower plant on the West African nation’s eastern Mambila Plateau, Power Minister of State Zainab Kuchi said. Sinohydro will build the power plant...

  • Posted November 8, 2012
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  GOODLUCK FELICITATES OBAMA ON HIS RE-ELECTION

    As the euphoria arising from the re-election of the United States’ President Barrack Obama fills the air, the victory comments emanating from both Americans and the rest of the world have taken centre stage in world...

  • Posted November 8, 2012
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  Ogbuagu Anikwe: Fashola’s “Village” Habits

  There’s a good reason to admire Babatunde Fashola, the hardworking Governor of Lagos State; it’s so easy to see that the man wants to contribute a key chapter to, and not become another footnote in, the history...

  • Posted November 8, 2012
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  Julius Berger Reports N137 billion Earnings After Nine Months

  Leading construction company, Julius Berger has reported 3Q earnings of N137 billion, representing a 5.6% increase from the N130 billion it made over the same period last year. Profit before tax arrived at N7.5 billion, up 11%...

  • Posted November 7, 2012
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  Dangote Sugar Claims N7 billion in Fire Insurance

  Indigenous conglomerate, Dangote Group of Companies, has notified underwriters on its insurance account to prepare to settle the over N7 billion claims that may be presented to them as a fallout of the recent fire incident at...

  • Posted November 7, 2012
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  Tantalizers Makes N243 million Loss After Nine Months

  Quick Service Restaurant chain, Tantalizers has declared a loss of N243 million after nine months of trading in the present financial year. Sales for the company over the nine month period were N3.17 billion, down 7.3% from...

  • Posted November 7, 2012
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