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All posts by Afolabi Ogunde

  • No Going Back on N5000 Note – FG

    The Federal Minister of Information, Labran Maku, has said that the Federal Government would not be rescinding its decision on the currency restructuring policy which includes the controversial issuance of the N5000 note. Minister of Information, Mr...

    • Posted September 20, 2012
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  • Epic Petrochemicals to establish $10 billion refinery in Bayelsa

    Epic Petrochemicals, a Nigerian firm is set to establish a $10 billion 100,000 barrels per day refinery at Oporoma in Bayelsa State. The company is teaming up with Sino Asia Energy Company Limited as technical partners and HSBC Global...

    • Posted September 20, 2012
    • 0
  • American investors Eye Nigeria’s Agric Sector, Pledge $6 billion

    The minister of Agriculture, Akinwumi Adesina, has disclosed that American investors have committed to spend $6 billion on Nigerian agriculture based projects. The minster disclosed this whilst signing a Memorandum of Understanding (MOU) with the Tony Elumelu...

    • Posted September 20, 2012
    • 1
  • FirstBank Launches Mobile Money Service (FirstMonie)

    Determined to ensure that the vast majority of the unbanked and the underbanked Nigerians enjoy superior financial services, Nigeria’s Number One bank brand*, First Bank of Nigeria Plc (FirstBank), today launched its mobile money service, FirstMonie,in a move...

    • Posted September 19, 2012
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  • First Bank commits N500bn to petroleum projects’ financing

    The Local Content Act of the Federal Government received yet another boost from the financial sector, as First Bank of Nigerian Plc said it has committed well over N500 billion to finance oil and gas projects in...

    • Posted September 19, 2012
    • 0
  • World’s leading oil conference reveals African future

    19th Africa Oil Week held from October 29th until November 2nd in Cape Town With over 900 delegates from 75 countries and 85 presentations from leading speakers – representing super-majors, independents, national oil companies, governments, licensing agencies...

    • Posted September 19, 2012
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  • Jonathan in Denial on January Fuel Subsidy Protests

    In a remarkable show of aloofness, President Jonathan has refused to accept the widely known fact that the January fuel subsidy protests were an independent and genuine reflection of the people’s anger towards his government for unilaterally...

    • Posted September 19, 2012
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  • Honeywell, Oando, Vigeo others Shortlisted for PHCN DISCOs

    The National  Council on Privatization (NCP) met yesterday to discuss the bids submitted by several companies for the electricity distribution companies across the country. The NCP shortlisted 21 firms for 10 of the distribution companies up for sale. No...

    • Posted September 19, 2012
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  • N5000 Note is illegal – Lawmakers Tell Sanusi

    The members of the National Assembly, upon resumption yesterday, called the Central  Bank governor to order over plans to review the National currency without their input. Citing Section 4(1 and 2) of the 1999 Constitution and Section 8(2)...

    • Posted September 19, 2012
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  • Naira Gains as Central Bank Maintains Rates at Record High

    The naira strengthened after the central bank kept its benchmark interest rates at a record high to support the currency and control inflation. The currency of Africa’s biggest oil producer gained as much as 0.4 percent, before trading 0.1 percent...

    • Posted September 18, 2012
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