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All posts by Afolabi Ogunde

  • Ericsson and Sony Ericsson Run Competition for App Developers in West Africa

    Ericsson in partnership with Sony Ericsson has announced plans to run a regional competition for application developers on the Android platform. The competition titled ‘Apps for Africa’ is to run under the aegis of the 2012 Ericsson...

    • Posted November 30, 2011
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  • Mallam Lamido Sanusi is Forbes Africa Man of the Year

    Forbes Africa has named Mallam Lamido Sanusi, Governor of the Central Bank of Nigeria as its Person of the year. The CBN governor beat two Nobel prize Winners (President of Liberia, Ellen Sirleaf Johnson, and Kenyan Wangari...

    • Posted November 29, 2011
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  • Stock Market Watch: ASI Retreats To 20,000 Threshold

    The Nigerian Stock Exchange was in the red today, shedding 51 basis points and dragging the ASIdown to 20,000 points. Losses across the top tier banks set the trend for a predominantly bearish banking sector. First Bank,...

    • Posted November 29, 2011
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  • Aso Savings & Loans Reports Q2, 2011 Earnings

    Mortgage lender, Aso Savings and Loans reported its earnings on the floor of the Nigerian Stock Exchange yesterday. Headline revenue took a hit, shedding 12% to arrive at N 4.87 Billion, from N 5.5 Billion over the...

    • Posted November 29, 2011
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  • Stock Market Watch: ASI Sheds 9 Points, AMCON Boss Promises Market Rally

    The Nigerian Stock Market tumbled in trading yesterday as the ASI shed 9 points to close at 20,103.22. Dr. Mustapa Chike Obi, Amcon Boss, has urged Nigerians to take positions in the undervalued market now. He stated...

    • Posted November 29, 2011
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  • AMCON To Recover 70% of NPLs, Promises Stock Exchange Will Rally

    The Asset Management Company of Nigeria (AMCON) has stated that it plans to recover 70 percent of the N 3.14 trillion in non-performing loans (NPLs) it is in custody of. The company has so far recovered about...

    • Posted November 29, 2011
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  • Lawmakers Promise To Compel MTN and Shell To List on Nigerian Stock Exchange in 2012

    Federal lawmakers have promised that new legislation compelling Nigerian telecommunications operators such as MTN, as well as Oil and Gas majors including Shell to list on the Nigerian Stock Exchange will be complete in 2012. The Chairman...

    • Posted November 29, 2011
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  • Stock Market Watch: ASI Rebound, Gains 81 Points

    The Nigerian Stock Market rebounded today gaining 81 points in trading today, reversing on the depressing loss it grudgingly entertained yesterday, that placed it all levels not seen in over half a decade. Arguably Dangote Cement was...

    • Posted November 25, 2011
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  • Daewoo Engineering Awarded $716 Million Thermal Power Plant Contract

    South Korean Company, Daewoo engineering and Construction has been awarded a $ 716 Million contract to build a thermal power plant in Nigeria. The contract was awarded by French Oil major Total. Total also recently awarded a...

    • Posted November 25, 2011
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  • EcoBank’s Oceanic Merger To Be Completed By Year 2012

    CEO of Ecobank, Arnold Ekpe has stated that the merger between Ecobank and Oceanic Bank will be completed by the year end of 2012. He made the following disclosure to Reuters today. The merger will see the...

    • Posted November 25, 2011
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