All posts by Afolabi Ogunde

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  GTBank Posts N63 billion Net Income After 9 Months

  The management of Guaranty Trust Bank (GTBank) submitted their third quarter earnings report to the Nigerian Stock Exchange yesterday. GTBank, Nigeria’s largest bank by market capitalization, reported Gross Earnings of N154 billion, up 22% fro N127 billion...

  • Posted October 19, 2012
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  FG to Encourage Women farmers with 5 million phones

  The Minister of Agriculture and Rural Development, Dr Akinwumi Adesina has made known the Federal Government’s promise to provide mobile phones to Five million women farmers.   The Minister made this promise in Abuja at a forum...

  • Posted October 19, 2012
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  Debt Management Office sells N75 Billion Bonds

  The Debt Management Office (DMO) on Thursday acquired N75 billion from the sale of bonds due to mature in 2017, 2019 and 2022. The duration for the debt instruments issued was for 5 years to mature in...

  • Posted October 19, 2012
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  AFDB Promises support for Agricultural cooperatives Development

  The African Development Bank said it is devoted to supporting agricultural cooperatives in Africa to accomplish sustainable development in food security. In a statement to mark the World Food Day 2012, the World Bank maintained that, growing...

  • Posted October 19, 2012
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  World Bank lauds Oshiomole on Edo’s Transformation Agenda

    The World Bank has applauded Governor Adams Oshiomhole’s transformation agenda, people- oriented policies, transparency in government, public procurement, and good governance in Edo State for the past four years.   The bilateral institution’s approval was declared...

  • Posted October 19, 2012
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  Auditor-General to Spend N180 million on Cars

  The Auditor General’s office has requested for N180 million to acquire a Toyota Camry and 18 Toyota Hilux vans.   The breakdown of the 2013 budget have shown that the Auditor General of the Federation (AGF) will...

  • Posted October 19, 2012
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  Nigerian Stock Exhcange Watch: ASI (+0.28%), Market Capitalization at US$55 billion

  The All Share Index appreciated by 28 basis points on the bank of moderate demand for banking sub-sector participants. Positive price appreciation visited the likes of Union Bank (+5.4%), Skye (+3.75%), Diamond (+1.4%), UBA (+1.52%) and Stanbic...

  • Posted October 18, 2012
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  Naira Weakens on Dollar Demand After Inflation Slows

  The naira declined after the country’s inflation slowed to a nine-month low and on speculation importers demanded more dollars for transactions. The currency of Africa’s largest oil producer slipped 0.2 percent to 157.525 per dollar as of 1:48...

  • Posted October 18, 2012
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  Inflation Falls to 11.3% in September

  The Consumer Price Index fell to 11.3% in September, the lowest this year, as the impact of the fuel increase in January begins to subside. According to a report from the National Bureau of Statistics, “In September...

  • Posted October 18, 2012
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  Stakeholders Troubled over the Fate of Privatized PHCN Firms

  Troubled Stakeholders have called on the Bureau of Public Enterprises (BPE) and the National Council on Privatisation (NCP) to make sure that bidders who came out as winners of the privatisation process in the power sector are...

  • Posted October 18, 2012
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