All posts by Afolabi Ogunde

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  Skye Bank Reports Gross Earnings of N94 billion after 9 Months

    Skye Bank with foreign subsidiaries in Sierra Leone, The Gambia, and Guinea, announced its unaudited third quarter results. Following the release of results, Group Managing Director/Chief Executive Officer (GMD/CEO) of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti,...

  • Posted October 16, 2012
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  JP Morgan Makes Cash Investment in Nigerian Online Retailer Jumia

    Africa’s fastest growing online retailer Jumia has, alongside South African online fashion retailer Zando, announced that U.S.-based J. P. Morgan Asset Management has injected funds into their operations.     J. P. Morgan Asset Management, a...

  • Posted October 16, 2012
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  Oil Benchmark: “Adopt $80 or Resign” – Lawmakers to Okonjo Iweala

    Nigeria’s lawmakers, despite having no valid economic principles on which to base the call for the hike in the oil benchmark in the 2013 budget, have asked the Finance Minister and by extension the Presidency not...

  • Posted October 16, 2012
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  Nnaji’s Aba Power Plant to Begin Operation in Q1, 2013

    Geometric Power’s Aba Power Plant is slated to begin operations in the first quarter of 2013 with sources close to the project stating it will be operational either in January or February next year. The company...

  • Posted October 16, 2012
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  Federal Court Denies Capital Oil Boss, Ifeanyi Uba, Others, Bail

    Embattled CEO of Capital Oil and Gas, Ifeanyi Ubah, has again been denied a bail application by a Federal High Court sitting in Lagos. The denial was also denied some of his company’s senior executives namely Nsikan...

  • Posted October 16, 2012
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  A $25 Million Watch Collection

  Milan banker Alfredo Paramico has devoted more than a decade to acquiring 10 rare Patek Philippe watches, and his assemblage now ranks as one of the top 10 worldwide, worth about $25,000,000 (20,000,000 euro). Here, a reference...

  • Posted October 15, 2012
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  Nigerian Stock Exchange Watch: ASI (-0.77%) Sheds Weight as YTD Performace Hovers at +30%

    The All Share Index shed 77 basis points in today’s trading as it commenced the week on a bearish note. As expected, the selling pressure on Diamond which started towards the tail end of the previous...

  • Posted October 15, 2012
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  AsktheLawyerOnline Founder, Aronke Omame, Talks Digital Law Libraries

    The legal profession in Nigeria is viewed as one of the most prestigious career paths; however it is very traditional in practice.  The internet is a modern platform and departs from the norm. What was the...

  • Posted October 15, 2012
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  Ijebu based NGO hands out N12bn to Women

    The Justice, Peace, and Development Commission (JPDC), a nongovernmental organisation wing of the Ijebu Catholic Dioceses has given out over N12bn spinning loans to 100,000 beneficiaries.   The Scheme, which has empowered about 100,000 beneficiaries, who...

  • Posted October 15, 2012
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  Finance Minister Says Expect More Foreign Debts

  Nigeria’s foreign debt is swelling as the Federal Government plans to borrow more from international financing agencies to fund infrastructure development.   The Minister of Finance, Dr Ngozi Okonjo-Iweala made this disclosure in Tokyo yesterday, she said...

  • Posted October 15, 2012
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