All posts by Afolabi Ogunde

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  President Jonathan seeks additional intra-African Trade

  In a bid to strengthen the relationships and promote the welfare of the citizenry, President Goodluck Jonathan has called for increased trade and investment among African countries.   President Jonathan made this pronouncement when he received the...

  • Posted October 31, 2012
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  Hurricane Sandy aftermath may Hit Lagos

    The Lagos State Commissioner for Waterfront Development and Infrastructure, Mr. Adesegun Oniru has called on Lagosians to be vigilant as the aftermath of Hurricane Sandy could affect Lagos. Hurricane Sandy, the coastal storm which affected the United...

  • Posted October 31, 2012
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  President Jonathan to Get the Ribadu Report in 48 hours…You See it now

  President Jonathan has ordered that the Nuhu Ribadu led comittee report on the petroleum sector be submitted to him Friday morning. The report details how successive democratic governments over the past decade have looted the commonwealth of...

  • Posted October 31, 2012
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  Presidency Accuses Amaechi of ‘School-boy’ style protest over Disputed Oil Wells

  The Presidency and the government of Bayelsa state are in the middle of a cold war with the Rivers State government over the potential ceding of some oil producing communities to Bayelsa state. The oil wells are...

  • Posted October 31, 2012
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  FCMB concludes merger of FinBank, announces nine-months Profit before Tax of N12.1bn

  First City Monument Bank PLC has announced its unaudited IFRS-compliant group results, for the nine-months  ended 30 September 2012. The banking group has also concluded the merger of FinBank, a wholly owned subsidiary acquired on 9 February...

  • Posted October 30, 2012
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  Africa: following Asia’s footsteps

  What is most surprising about Africa’s boom? Probably not the six-fold surge in oil revenues, which will rise to $300bn annually (three times Africa’s estimated annual infrastructure needs) by the end of this decade – most recognise...

  • Posted October 30, 2012
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  Naira Gains on Investor Inflows, Oil Industry Supply

  The naira strengthened as offshore investors bought the nation’s short-term debt and oil companies sold dollars to lenders. The currency of Africa’s largest oil producer gained less than 0.1 percent to 157.20 per dollar as of 11:09 a.m....

  • Posted October 30, 2012
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  FCMB secures a $20 million Loan Deal to Boost SMEs

  In a bid to support its Small and Medium Enterprises (SMEs) customers, FCMB has secured a three-year term loan from Citigroup Global Markets Limited (Citi).   According to a statement from Citibank Nigeria, which was issued on...

  • Posted October 30, 2012
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  PHCN Assets Sale: 14 Companies Progress to the Next Stage

  The 14 preferred bidders for the Power Holding Company of Nigeria (PHCN) were approved on Monday by the National Council on Privatization (NCP) in the ongoing privatization programme.   After the sixth meeting for the year, the NCP, in Abuja named...

  • Posted October 30, 2012
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  2013 Budget benchmark assumption may be a mirage – Analysts

  Oil production has dropped significantly from 2.5 million barrels per day (mbpd) to 2.2 mbpd in the first half of this year due to effects of the flood. According to a weekly report by Afrinvest, the Nigerian...

  • Posted October 30, 2012
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