All posts by Afolabi Ogunde

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  Nigerian Cocoa Output May Rise 20% in 2012-13 Season

  Cocoa output from Nigeria, the world’s fourth-biggest producer, may rise by as much as 20 percent in the season that starts on Oct. 1, as new farms begin production, an industry group said. Cocoa trees planted four to...

  • Posted September 28, 2012
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  Oil Majors Grumble as Nigeria Seeks 73% Share of Offshore Oil Profits

  Africa’s top oil producer, Nigeria, will seek a bigger share of profits from oil produced offshore when a new industry bill is passed into law, Petroleum Minister Diezani Alison-Madueke said. The Petroleum Industry Bill, which was sent...

  • Posted September 28, 2012
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  Financial Services sector a key enabler in African investment – KPMG

  The financial services sector in Africa is playing a critical supportive role in the continent’s development as a result of increased consumer spend, public and private sector investment in infrastructure, advances in technology leading to greater connectivity...

  • Posted September 28, 2012
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  Sanusi Breaks Silence on N5000 Note Suspension, Calls for CBN Autonomy

  “Do not temper with CBN autonomy,” This was contained in a in a message issued out yesterday to the National Assembly by the CBN boss, Governor Sanusi Lamido Sanusi and former Information Minister, Frank Nweke (Jr) ....

  • Posted September 28, 2012
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  CBN Moves to eradicate E-Payment Fraud

  The Central Bank of Nigeria (CBN) has issued out a communiqué to banks as well as other financial institutions to put all hands on deck to combat cybercrimes as well as electronic payment fraud, to sanitize the financial system....

  • Posted September 28, 2012
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  German Investors Scramble for Agro-Allied Investments in Nigeria

  Germany has promised to aid Nigeria in developing her industrialized plus agro-allied sectors, as plans have been completed for the admission of more German corporations into Nigerian business setting.   Nigeria is already rising as the business...

  • Posted September 28, 2012
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  Lawmakers Postpone President Jonathan’s Budget Presentation Plans

  The members of the House of Representatives have communicated their inability to host the President next week, following plans by the executive to present the 2013 budget proposal to a joint sitting of the National Assembly on October 4th....

  • Posted September 28, 2012
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  Blame high price of cement on bad roads and fuel subsidy removal – CMAN

  Cement production capacity has improved over the last year and local production is likely to hit 17 million tons before the end of this year. Chairman of the Cement Manufacturers Association (CMAN), Mr Joseph Makoju in his address...

  • Posted September 28, 2012
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  How ‘half-match’ bone marrow transplants wipe out sickle cell disease in selected patients

  IN a preliminary clinical trial, investigators at Johns Hopkins, United States, have shown that even partially-matched bone marrow transplants can eliminate sickle cell disease in some patients, ridding them of painful and debilitating symptoms, and the need...

  • Posted September 27, 2012
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  Over 20% of Nigerians are Jobless – MAN

  Unemployment is intensifying with 22 out of every 100 Nigerians jobless, the Manufacturers Association of Nigeria (MAN) queried. At that rate over 35 million Nigerians are without a job. MAN president, Kola Jamodu, speaking at the 16th Triennial...

  • Posted September 27, 2012
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