All posts by Afolabi Ogunde

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  NUPENG Seeks Presidential Intervention over Industrial dispute with Shell

  The Presidency has been petitioned by the Nigeria Union of Petroleum and Natural Gas Workers, (NUPENG) over the sack of 17 of its officials including the caretaker committee chair by Shell Petroleum Development Company (SPDC). With the...

  • Posted October 30, 2012
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  FG Introduces PIF Scheme to Boost Efficiency in Civil Service

  The Federal Government has launched the Performance Improvement Facility (PIF) scheme in ten pilot MDAs. The PIF is expected to improve quality, efficiency and enhance access to services provided by the federal civil Service.   The development...

  • Posted October 30, 2012
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  Nigeria Stock Exchange Watch: ASI Gains +0.4% as Banks Reverse Losses

    The All Share Index gained 0.4% as banking sector stocks reversed on the losses they sustained in last weeks trading. Demand for bank stocks soared as Zenith (+2.86%), Stanbic (+0%), GTBank (+0.5%) and UBA (+3.13%) traded...

  • Posted October 29, 2012
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  Dangote Leads Polls in Forbes Africa Person of the Year Award

  Alhaji Aliko Dangote, Africa’s richest mand and leading industrialist is leading the polls in the Forbes Africa person of the year award with 14,977 votes or 39.8% of the total votes polled. His closest competitor is Joyce...

  • Posted October 29, 2012
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  Uduaghan and his Pet White Elephants

    Last week the World Bank warned several resource rich African countries about allowing their governments embark on White Elephant projects. Obviously Governor Emmanuel Uduaghan of Delta State was not listening. He’s the sort of man that...

  • Posted October 29, 2012
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  NAPEP to Slash Poverty Rate 15% by 2015

    In respect to current efforts by the Federal Government, the National Poverty Eradication Programme (NAPEP), has projected that the overall global poverty rate will fall below fifteen per cent by 2015. This declaration was made by...

  • Posted October 29, 2012
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  Nigeria and South Africa Steer Africa’s Growth- IMF

  The International Monetary Fund (IMF) report claimed that Nigeria and South Africa accounts for a major portion of Africa’s Gross Domestic Product (GDP). The report presented by IMF stated that intraregional trade and financing links within sub-Saharan...

  • Posted October 29, 2012
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  Nigerians top list of private jet owners in Africa, Spend N1.3 trillion on Wonders on Wings

    WITH Nigeria holding the record of a country with the highest private jet ownership in Africa, the aviation sector has brought into sharp relief the paradox of a nation that is endowed with huge oil resources...

  • Posted October 29, 2012
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  IFC Injects $100 million into Ecobank

  The International Finance Corporation (IFC) has invested the sum of $100 million (N15.8 billion) into Ecobank Nigeria Plc by way of an equity shares subscription  in Ecobank Transnational Incorporated. This development comes on the back of share subscription...

  • Posted October 29, 2012
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  Dangote Cement Subsidiary in South Africa Secures $222 million funding

    Sephaku cement, South Africa’s premier indigenous cement manufacturer which is partly owned by Aliko Dangote has secured a 10 year debt funding deal for $222 million (N34.5 billion) arranged by Sasfin Capital and jointly funded by...

  • Posted October 29, 2012
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