All posts by Afolabi Ogunde

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  President Demystifies the Magic of Cassava Bread in 2012 Budget Speech

  The President demystified the magic that has become cassava bread during his 2012 budget speech to the National Assembly. Critics of the President had lambasted the breaking, sharing and consumption of Cassava bread at a meeting of...

  • Posted December 13, 2011
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  GEJ Presents Nigeria 2012 Budget to National Assembly

  The president presented the 2012 budget themed ‘fiscal consolidation, inclusive growth and job creation’ before a joint session of the National Assembly earlier today. Priority spending areas according to the President will be, “Security, Infrastructure renewal and...

  • Posted December 13, 2011
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  Stock Market Watch: ASI Gains 3 Points, Closes below 20,000 Threshold

  The Nigerian Stock Exchange closed in the green today as the bourse gained a marginal 3 points. Top gainers were predominantly out of the banking subsector of the Financial services sector. Stanbic and Fidelity gained 492 points,...

  • Posted December 12, 2011
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  Julius Berger To Launch Healthcare Company Early 2012

  Julius Berger Plc, Nigeria’s largest construction company, notified the Nigerian stock exchange today of its establishment of two subsidiaries. The first being PrimeTech Design & Engineering Nigeria Limited for the provisions of design and engineering support services...

  • Posted December 12, 2011
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  EuroZone Crisis Update: The Plot Thickens as Sovereigns Set to lose Sovereignty

  To understand the developments in the Eurozone crisis, one must first understand the yearnings of each separate interest group. These interest groups are the citizens of Eurozone member countries, the governments that lead them, and the international...

  • Posted December 12, 2011
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  FDI Inflows To Nigeria Fall 19% Over Second Quarter – CBN

  Foreign direct investment in Nigeria, Africa’s top oil producer, declined 19 percent from the previous three months to $1.53 billion in the second quarter, the central bank said. Foreign-currency inflows fell 15 percent to $23 billion during the period,...

  • Posted December 9, 2011
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  Nigerian Solicitor Exposes Shady Tax Deal Between HM Revenue and Goldman Sachs, Threatened with Sack

  After having his identify exposed on Thursday when Parliamentary evidence was made public, the whistleblower who exposed that senior tax collectors let Goldman get away with not paying millions of pounds in tax penalties may be facing...

  • Posted December 9, 2011
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  Earnings Watch: Bagco Releases Refreshing 1st quarter 2012 Results

  Nigerian Bags Manufacturing Company Plc or Bagco Plc has announced its 1st quarter 2012 results on the Nigerian Stock Exchange. Turnover was up 25% to N 3.5 Billion from N 2.8 Billion over the same period last...

  • Posted December 8, 2011
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  Alcatel-Lucent Expands 100G Optical Networking Capability

  Paris, December 6, 2011 – Alcatel-Lucent (Euronext Paris and NYSE: ALU) today announced a major advance to its global leadership in 100G optical networking by introducing a breakthrough in single-carrier coherent technology that will extend optical signals...

  • Posted December 8, 2011
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  Earnings Watch: Ikeja Hotel Plc Profit Slumps Over September Period

  Ikeja Hotel Plc has released its third period results to the floor of the Nigerian Stock Exchange. The hospitality business leader reported a 10% nisedive in revenue, pegged at N 5 Billion for the period as opposed...

  • Posted December 8, 2011
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