All posts by Afolabi Ogunde

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  Nigeria receives $318 million funding from USAID to Prosecute Development Initiatives

  The Federal Government yesterday signed a deal with the United States Agency for National Development (USAID) to develop key projects. The agreement was signed by the Minister of National Planning, Dr. Shamsuddeen Usman. The projects consist of...

  • Posted September 27, 2012
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  Former PHB Bank Chief Allegedly Diverted N45m to Pay Tithe

  An Economic and Financial Crimes Commission (EFCC) prosecution witness has disclosed sordid details centered around how former Bank PHP Managing Director, Francis Atuche, diverted N45 million from the bank to pay tithes to two catholic churches in...

  • Posted September 27, 2012
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  RIM Moves to Consolidate Dominance on the Nigerian Market, Opens Flagship Store

  Research in Motion (RIM), manufacturers of Blackberry devices, is taking practical steps to establish a larger footprint across the Nigerian and entire African market. The company which has experienced severe market penetration loss in North America due...

  • Posted September 27, 2012
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  Kogi Floods: FG Mobilizes Contractors to Site, Alternative Route Ready Today

  The Federal Government has mobilized three construction firms to the site of the Lokoja-Abuja road which has been rendered impassable by floods for about a week. Minister of Environment, Mrs. Hadiza Mailafia, addressing journalists at the Federal...

  • Posted September 27, 2012
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  Illegal Sale of PHCN: Caveat Emptor By Femi Falana SAN

  It is the height of shameful impunity on the part of the National Council of Privatisation to sell the PHCN to the unpatriotic individuals who have diverted and cornered the public funds earmarked for the uninterrupted supply of...

  • Posted September 26, 2012
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  $1.12 billion for PHCN GENCO Assets, Blacklisted Billionaire Debtor- Otedola among top bidders

  Eight Companies sent in their bids yesterday for the Power Holding Company of Nigeria (PHCN) and just six were announced as having met the criteria set. Transcorp;  Forte Oil (owned by Otedola); CMEC consortium which includes China...

  • Posted September 26, 2012
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  Blacklisted Billionaire Debtors Lobby to Borrow More from Banks

  Serious lobbying has commenced by some billionaire debtors, that were barred by CBN from taking further loans from banks in the country. Sources have revealed that the blacklisted billionaires are on the necks of influential politicians and...

  • Posted September 26, 2012
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  Zenith Bank Plc named the Best Performing Africa Investor (Ai) 40 Company

  Africa investor (Ai), a leading international investment and communications group, announced the winners of  its prestigious Africa investor Index Series Awards, that was held on the 21st of September 2012 at the New York Stock Exchange during...

  • Posted September 26, 2012
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  Intercontinental Bank Acquisition: Access Bank Records N26.13 billion Net Income

  In just six months, Access bank made N26.13 billion of profit minus tax in this year, powered by the acquisition of Intercontinental bank. In a statement issued by Mr. Olusegun Fafore, Team Lead, Media Relations, the bank’s...

  • Posted September 26, 2012
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  El-Rufai allocated PHCN plots to wives, friends – Witness

  A prosecution witness in the trial of former Minister of the FCT, Nasir el-Rufai, Mr. Sunday Idowu, insisted  that the ex-minister illegally allocated plot 1201 to his family members, the News Agency of Nigeria reported on Tuesday. Idowu, an...

  • Posted September 26, 2012
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