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All posts by Afolabi Ogunde

  • Tin Can Island Port: Nigerian Customs spawns N18.4 billion in August

    Nigeria Customs Service (NCS), Tin Can Island Port (TCIP) Command, Apapa, Lagos has said it spawned N18.4 billion revenue in August. In July this year the command generated N17.3 billion, things are looking good. The Public Relations...

    • Posted September 22, 2012
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  • Bank of Industry to Provide Funding to ICT Entrepreneurs

    Information and Communications Technology entrepreneurs in the country are being extended a funding line from the Federal Government. This was disclosed by Evelyn Oputu, the Managing Director of the Bank of Industry at an event in Lagos....

    • Posted September 21, 2012
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  • Ashaka Cement Books N1.26 billion in Q1, 2012 Result

    Ashaka Cement transmitted its Q1, 2012 earnings to the Nigerian Stock Exchange yesterday. The  Gombe based cement manufacturer posted a revenue of N6.2 billion, up 25% from the N4.9 billion it made in Q1, 2011. Additional income...

    • Posted September 21, 2012
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  • JP Morgan Fuels Optimism for Nigerian Bond Market

    Nigeria’s bond market is taking off as the world’s biggest underwriter of emerging-market debt adds securities from Africa’s largest oil producer to its benchmark index. Yields on 10-year naira-denominated notes have dropped 372 basis points since Aug....

    • Posted September 21, 2012
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  • Aviation Minister, Stella Oduah, Accused of Grand Corruption by Arik

    Whatsoever a man soweth, that will he reap, says the ancient biblical proverb. According to allegations brought forward by Arik Airlines management, the minister of Aviation may not be privy to the ancient text. The minister of...

    • Posted September 21, 2012
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  • Honeywell Flour’s Earnings Top N10.7 billion in Q1, 2012 Result

    Honeywell flour transmitted its Q1, 2012 result to the floor of the Nigerian Stock Exchange earlier this week. The company reported headline revenue of N10.7 billion, up 15% from N9.3 billion recorded over the first quarter of...

    • Posted September 21, 2012
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  • N5000 Note: Jonathan Bursts Sanusi’s Bubble

    Pressure from the National Assembly has forced President Jonathan to cave in on the Central bank of Nigeria’s currency restructuring project leading to the scrapping of the plans for the proposed N5,000 note. Special adviser to the...

    • Posted September 21, 2012
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  • Oil Drops a Fourth Day on China Manufacturing, Rising Stockpiles

    Oil dropped for a fourth day in New York after a Chinese-manufacturing gauge contracted and U.S. data showed stockpiles climbed the most since March, signaling an easing of fuel demand in the world’s biggest crude users. Futures fell as...

    • Posted September 20, 2012
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  • Air Nigeria Refuses to Refund Customers

    According to News Agency of Nigeria, some of the customers  said the management of the airline is yet to refund their money and that they were asked to contact the head office of the airline in Lagos....

    • Posted September 20, 2012
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  • Microsoft Nigeria gives partners a closer look at Office 365

    Microsoft Nigeria gave partners a closer look at Microsoft Office 365, the company’s next-generation cloud productivity service for businesses of all sizes in Nigeria, at an event held at its offices in Lagos today. Office 365 was...

    • Posted September 20, 2012
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