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All posts by Afolabi Ogunde

  • AFDB collaborates with IITA to aid farmers in flooded states

    An agricultural-assisted programme, the African Development Bank (AFDB) has concluded arrangements to collaborate with the International Institute of Tropical Agriculture (IITA), in a bid to support farmers in the flood besieged states.   Dr Ibrahim Arabi, who...

    • Posted October 5, 2012
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  • Union Bank Repays CBN $800 million Bailout Fund

    Union Bank of Nigeria Plc yesterday announced that it had paid its $800 million bailout fund it collected from CBN, this development was made possible following the huge leap in its deposit and current accounts.   Speaking...

    • Posted October 5, 2012
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  • We are Worried About the Petroleum Industry Bill – Shell

    Royal Dutch Shell’s Vice President for finance and strategy in sub-Saharan Africa, Bernard Bos, has made it clear that the PIB is giving many oil majors operating in the country sleepless nights. The oilman said Nigeria has the...

    • Posted October 5, 2012
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  • EFCC Set to Prosecute More Alleged Subsidy Fraudsters Today

    The Economic and Financial Crimes Commission (EFCC) is set to arraign more alleged ooil marketers involved in the oil subsidy fraud today. The list of those to be arraigned comprises of 10 suspects made up of six...

    • Posted October 5, 2012
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  • Banks Advised to Fix Debt and Legal Issues

    A University Lecturer, Taiwo Odumosu said has said banks must make sure they get legal and debt recovery matters right, before permitting their customers to take loans from them.  Taiwo spoke at a workshop organised by Monsad...

    • Posted October 4, 2012
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  • President to Present budget on October 11th

    Barring any last minute changes, President Goodluck Jonathan will on October 11 (next Thursday) officially present the 2013 Appropriation Bill to the National Assembly.   Presently, the House of Representatives are on an inspection tour of capital projects...

    • Posted October 4, 2012
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  • Enormous Iron Ore Deposit Found in Kogi, Worth Billions of Dollars

    An enormous iron Ore has been found in Agbaja, Kogi State by an Energio Limited An Australian Company. In a confirmatory statement, the company said it has discovered about 488 million tons, with an In-situ Iron grade...

    • Posted October 4, 2012
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  • FG to Introduce New Industrial Policy as a Catalyst for Economic Growth

    The Federal Government has promised to introduce a new industrial policy that will enhance economic growth in the country. This initiative was confirmed by the House of Representatives Committee on Commerce and Industry.   The Committee stressed the need...

    • Posted October 4, 2012
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  • Rehabilitation of 4000km Rail Lines Near Completion- VP Sambo

    The Federal Government is working hard to complete the rehabilitation of 4000km rail lines across the country. This was made known by Vice-President Mohammed Namadi Sambo in Lagos during a lecture presentation at the quarterly business luncheon...

    • Posted October 4, 2012
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  • Nigeria Now Kidnap for Ransom Capital of the World – AIO

    According to statistics from the African Insurance Organization, Nigeria is now the kidnap for ransom capital of the world. The AIO said Nigeria accounted for 25% of global kidnappings in the last one year. The revelation was...

    • Posted October 4, 2012
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