All posts by Afolabi Ogunde

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  Sanusi Shuts Down Lawmakers Crude Benchmark Proposal, Advises on $75

  The Central Bank Governor, Mallam Lamido Sanusi, has faulted the proposal by federal lawmakers to hike the benchmark crude price from $75 to $82. Sanusi appeared before the House of Representatives Joint Committee on Finance and Legislative...

  • Posted October 4, 2012
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  Oando Can Overhaul Electricity Supply in Nigeria

  Shareholders of Oando Plc have expressed faith in the company’s capability to deliver dividends in the transformation of the Nigerian power sector.                                 They...

  • Posted October 3, 2012
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  Unity Bank Dragged to Court by Jigna Farms

  Jigna Farms has yanked Unity Bank to the Federal High Court Bwari for allegedly acting in way that denied it from assessing a N500 million loan under the Central Bank of Nigeria (CBN) Commercial Agriculture Credit Scheme...

  • Posted October 3, 2012
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  12 Wonder Banks Shutdown by SEC

  The Securities and Exchange Commission (SEC) has shut down the operations of 12 illegal financial institutions also identified as ‘wonder banks’. A highly placed source who spoke with The Guardian yesterday, also disclosed that the case files...

  • Posted October 3, 2012
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  Over 2000 Hoarded Transformers to be Deployed by PHCN

  Darius Ishaku, the Minister of State for Power, has ordered that every one of the 33/11KV transformers, panels, oils as well as other power tools at the Central Stores of the Power Holding Company of Nigeria,(PHCN), Shogunle,...

  • Posted October 3, 2012
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  MTEF: Reps Throw Out FG’s $75/barrel Proposal, Recommend $82

  The lawmakers in the House of Representatives saddles with the responsibility of reviewing the 2013-2015 Medium Term Expenditure Framework document have recommended that the  oil price benchmark be reviewed upwards to $82 as against the Federal Government’s...

  • Posted October 3, 2012
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  Reps Express Alarm over Nigeria’s $25 billion Projected Debt Profile

  Members of the House Committee on Legislative Budget and Research have expressed alarm at the present and projected levels of borrowing by Federal, State and Local governments. The level of borrowing was disclosed when the Director General of...

  • Posted October 3, 2012
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  Fuel Subsidy Thieves on the Run – EFCC

  The Economic and Financial Crimes Commission has alerted the general public of the failure of three wanted oil subsidy fraudsters too report to the commission for prosecution. EFCC spokesman, Wilson Uwujaren, said “The three persons declared wanted by...

  • Posted October 3, 2012
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  Policymakers meet for the Development of Root Crops

  Stakeholders working on root and tuber crops (RTCs), across the world are meeting at the Federal University of Agriculture Abeokuta, Nigeria, to converse and share knowledge on new advancements, build partnership, and extend policies that will add...

  • Posted October 2, 2012
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  FG Swears in Committees to Kick Start UNIDO Programmes

  The Federal Government has sworn in Committees on the United Nations Industrial Development Organisation (UNIDO) Programme for Nigeria.   Representatives from a variety of related Ministries, Departments, Institutions as well as the Private Sector, were among the...

  • Posted October 2, 2012
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