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All posts by Afolabi Ogunde

  • Facebook hits 1 billion users

      Facebook is now the world’s biggest social network, a major landmark in spite of a devastating stock market introduction. The users have reportedly reached the one billion mark. According to the Co-founder and Chief Executive of...

    • Posted October 11, 2012
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  • Digital Marketing is the Future

      The Managing Director of  Wildfusion, Mr. Abasiama Idiaresit says digital marketing is the new future of advertising. It is perceived as the next boom in marketing and he has urged Nigerians to take advantage of the new...

    • Posted October 11, 2012
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  • National Cocoa production to hit 500,000 MT by 2015

    The Federal Government has made plans to double cocoa production from 250, 000 to 500, 000 metric tonnes by 2015. This development was revealed by the Minister of Agriculture Dr Akinwumi Adesina, while delivering a keynote address...

    • Posted October 11, 2012
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  • FG Budgets N250 billion for Turnaround Maintenance of Refineries

    The Federal Government in its determination to revamp the Port Harcourt, Warri, and Kaduna refineries is prepared to spend N250 billion. The federal Government has already spent $32 million (about N 4.9 billion) for materials needed. This...

    • Posted October 11, 2012
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  • Nigeria is our Biggest Trade Partner in the Region – EU Ambassador

    The European Union’s (EU) Trade Investment in Nigeria is valued at N6 trillion by Dr. David MacRae, the EU ambassador to Nigeria. As part of plans to deal with power supply challenges in Nigeria, the EU has...

    • Posted October 11, 2012
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  • 2013 Budget: Jonathan Proposes N4.9 trillion Expenditure

    President Goodluck  Jonathan presented the proposed 2013 budget to the National Assembly yesterday. The N4.92 trillion budget is 5% more than the N4.7 trillion budget approved for 2012. The proposed budget contains a lion-share of N1.1 trillion...

    • Posted October 11, 2012
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  • Nigeria Gross Domestic Product (GDP) growth rate to hover around 7% – IMF

    Nigeria could achieve an overall Gross Domestic Product (GDP) growth rate of 7% in 2012, this declaration was made yesterday by the International Monetary Fund (IMF). Adding that, it was possible if Nigeria springs back in its...

    • Posted October 10, 2012
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  • ‘Insurance adds only 0.7% to GDP’

    The insurance sector adds about 0.7 per cent to the Gross Domestic Product (GDP), this assertion was made by Vyasa Krishna Burugupalli, a consultant to the World Bank.   Burugupalli disclosed this while speaking at a forum...

    • Posted October 10, 2012
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  • Banks’ Raise ATM Daily Withdrawal Limits

    Automated Teller Machines (ATMs) in the country before now permitted only a withdrawal limit of N100,000 daily, but recently some banks have increased that amount to N150,000 daily.   Guaranty Trust Bank (GTB), Diamond Bank, and United...

    • Posted October 10, 2012
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  • FG Grants Fuel Import Allocations to Indicted Oil Marketers

    Not a few eyebrows have been raised over the fourth quarter fuel import allocation list soon to be released by the by the Petroleum Products Pricing Regulatory Agency (PPPRA). The agency which approves the list of oil marketers...

    • Posted October 10, 2012
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