All posts by Afolabi Ogunde

• 
  Oil Trades Near Three-Week High on Stimulus Outlook

  Oil traded near the highest level in three weeks amid speculation China and the U.S. will add stimulus to their economies, sustaining demand for fuel in the world’s biggest crude users. Futures were little changed after rising...

  • Posted September 12, 2012
  • 0
• 
  Obasanjo is a good farmer and bad economist – Mallam Lamido Sanusi

  The Central Bank Governor, Mallam Lamido Sanusi, has taken off the gloves in his response to Obasanjo’s criticisms of the planned introduction of the N5,000 note. The CBN governor said he could not be sure that Obasanjo...

  • Posted September 12, 2012
  • 5
• 
  OPEC Oil Production Rises as Angola and Nigeria Pump More Crude

  The Organization of Petroleum Exporting Countries boosted crude production last month asAngola, Nigeria and Libya pumped more, the group said. Output from OPEC, which supplies 40 percent of the world’s oil, climbed to 31.41 million barrels a...

  • Posted September 12, 2012
  • 0
• 
  NSE CEO’s Remarks at the workshop on Market Making, Securities Lending and Short Selling

  NSE CEO’S OPENING REMARKS AT THE NSE MARKET MAKING WORKSHOP ON SEPTEMBER 11, 2012 AT THE SHELL HALL, MUSON CENTRE, LAGOS   Distinguished Ladies and Gentlemen, it gives me great pleasure to welcome you on behalf of...

  • Posted September 12, 2012
  • 0
• 
  Earnings Watch: Access Bank Half-Year Revenue Swells 103% to $ 681 million, Directors Propose N 0.25 Dividend

  Access bank transmitted its half-year financial statements to the Nigerian Stock Exchange yesterday. The financial institution reported gross earnings of N109 billion or $681 million, up 103% from the N50 billion ($313 million) it made over the...

  • Posted September 12, 2012
  • 0
• 
  Stock Market to Experience Upturn in Fortunes on Regulators’ Market Making Initiatives

  Nigerian capital market regulators are strategically positioning the equity markets to become more efficient and profitable for investors by introducing rules and guidelines that encourage market making, short selling and securities lending. Basically the activities of the...

  • Posted September 12, 2012
  • 0
• 
  Total May Sell Assets to Pay for Higher Project Costs, BoA Says

  Total, Europe’s third-largest oil company, may have to sell assets to pay for projects designed to raise production in coming years, according to Bank of America Merrill Lynch. “We are cautious on the profitability of Total’s project...

  • Posted September 11, 2012
  • 0
• 
  US government pays jailed whistleblower $104 million for info on tax dodgers

  The Internal Revenue Service awarded tax whistleblower and former UBS  banker Bradley Birkenfeld $104 million for providing the agency with insider information in UBS’s illegal encouragement of secret offshore accounts by U.S. taxpayers. Mr. Birkenfeld’s lawyers said it is...

  • Posted September 11, 2012
  • 0
• 
  Airtel Wins Triple at Industry Awards

  Leading telecommunications services provider, Airtel Nigeria on Saturday night clinched three industry Awards at the prestigious 8th edition of the Nigerian Telecoms Awards. The telecoms operator beat other competitors to emerge the Industry’s Most Innovative Telecom Company of...

  • Posted September 11, 2012
  • 0
• 
  Power Supply Drops by 1000 Megawatts

  The quantum of power supply being generated in the country has dropped by 1000 megawatts in less than two weeks after former Minister of Power, Barth Nnaji was removed from office. The situation is said to have...

  • Posted September 11, 2012
  • 5