All posts by Afolabi Ogunde

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  Ribadu Report Exposes Crass Corruption in Petroleum Ministry, Diezani Reacts

    When the petroleum minister, Diezani Alison-Madueke set up the Nuhu Ribadu led Petroleum Revenue Special Task Force, she had no idea she would emerge as one of the culprits serially indicted in his committee’s findings. The Minister...

  • Posted October 25, 2012
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  Airtel crosses 60 million active customer mark in Africa

  NAIROBI, Kenya, October 24, 2012/ — Bharti Airtel (“Airtel”), a leading telecommunications services provider with operations in 20 countries across Asia and Africa, today celebrated its 60 millionth customer in Africa. Airtel, which recently moved up one notch in global...

  • Posted October 24, 2012
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  Oando Announces Additional Production at Ebendo

  Oando Energy has announced that the Ebendo – 4 well, in which OER has a 42.75% working interest has been brought on production at 2,000 bopd (855 bopd net to OER).   “Bringing the EB-4 well on...

  • Posted October 24, 2012
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  Customers Accuse FG of Neglect and Deceit as High Electricity Tariff Bites

    The Federal Government was accused of neglect and deception by Electricity Customers following its failure to uphold its promise to protect Nigerians from paying increased electricity tariff following a tariff review.   The customers expressed their...

  • Posted October 24, 2012
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  Court Sanctions the Merger of FCMB and FinBank

  The Federal High Court of Nigeria on Monday officially approved the union of First City Monument Bank Plc (FCMB) and FinBank.   The endorsement, according to a report on Tuesday, paves way for the two banks to...

  • Posted October 24, 2012
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  SSS blame Arik Aircraft’s Incident on Mentally Unstable Man

  The Department of State Security Services (DSS) said yesterday’s incident on an Arik Air flight from Maiduguri to Abuja was caused by a mentally unsteady man whose “condition was triggered off” by turbulence.   Marilyn Ogar, DSS’...

  • Posted October 24, 2012
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  Forbes Africa 2012 Person Award: Dangote vs. Elumelu

    As the 2012 edition of the Forbes Africa Person of the year award draws near, the Chairman of Dangote Group, Alhaji Aliko Dangote, and former Managing Director, United Bank for Africa Plc, Mr. Tony Elumelu, have...

  • Posted October 24, 2012
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  Nigeria to hold Oil licensing round by year-end – Minister

  Nigeria will hold an oil exploration bidding round before the end of the year, while licence renewal talks with Shell and Chevron over existing onshore fields are in their final stages, the oil minister told Reuters on...

  • Posted October 23, 2012
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  Zenith Bank leads Sector in 3Q Earnings, Posts N64.1 billion Net Income

    Zenith Bank, Africa’s seventh largest bank according to tier-1 capital metric, has posted its third quarter earnings. The bank’s management released the information to the Nigerian Stock Exchange yesterday, reporting gross earnings of N229.1 billion, which...

  • Posted October 23, 2012
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  Demolition: Minister Advises Land Buyers

  With the recent demolition on Airport road, the Minister of Housing and Urban Development Ms. Amal Pepple has warned land buyers in Abuja to be cautious before making their purchase. The advice was given by the Minister...

  • Posted October 23, 2012
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