All posts by Afolabi Ogunde

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  I’m Not In It for Money – Aliko Dangote

  Aliko Dangote has always liked making things to sell. As a child he boiled up sugar to make sweets he sold around town; these days he cooks up limestone in factories that produce millions of tonnes of...

  • Posted September 11, 2012
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  Kwara’s N70 bn rice project to Generate 12,000 Jobs – Governor

  The Kwara State government’s joint venture rice project with Spanish company Valsolar, is expected to launch in December. The project which is estimated to cost N70 billion will provide jobs for 12,000, according to the Kwara State Governor,...

  • Posted September 11, 2012
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  Bank recovery fails to reach real economy

  The recovery of Nigeria’s banking sector has failed to get credit flowing to the real economy, as high interest rates and a liquidity squeeze funnel money away from businesses or consumers into high yielding government debt, market...

  • Posted September 11, 2012
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  Naira Weakens on Strong Greenback Demand

  The naira eased against the U.S. dollar on the interbank market on Monday after a surge in demand by one lender buying the greenback for its customers, dealers said. The local currency closed at 157.80 naira to...

  • Posted September 11, 2012
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  How Bad Leadership Spurs Entrepreneurship

  What do 70% of successful entrepreneurs have in common? They all incubated their business ideas while employed by someone else. Indeed, most people start their own companies — or go freelance — in order to stop working...

  • Posted September 10, 2012
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  Okonjo-Iweala to open bankers’ conference

  The Coordinating minister of the Economy and Minister for Finance, Ngozi Okonjo-Iweala, will tomorrow declare open the yearly Banking and Finance Conference at Transcorp Hilton Hotel, Abuja. The conference, with the theme “Transformation of the African Economy:...

  • Posted September 10, 2012
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  Nigerian Stock Exchange to Expand Trade Limits in Bid to Encourage Market Making

  The Nigerian Stock Exchange may alter regulations on trading limits as part of its plans to encourage market making. The bourse is starting its market-making program, in which broker-dealer firms will enter bid and offer prices on specified stocks...

  • Posted September 10, 2012
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  Japan to lead other countries to Nigerian economic conference

  Japan is expected to lead other Asian countries to expand business and economic relationship with Nigeria during the 2012 Nigeria Economic Development Conference, to be held in Lagos from October 8-10. Organisers of the annual conference gave...

  • Posted September 10, 2012
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  EFCC Declares Three Fuel Marketers Wanted for Fraud

  Nigeria’s financial crimes watchdog, investigating a multi-billion dollar scam in a state fuel subsidy scheme, on Friday named three petrol retailing tycoons it wanted for fraud. Nigerian authorities, including Finance Minister Ngozi Okonjo-Iweala, are trying to unravel...

  • Posted September 10, 2012
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  FG Spends $8 billion on 10 Power Plants

  The Federal Government has spent $8 billion on 10 power plants in the National Integrated Power Projects Scheme. The Projects which have various levels of completion are expected to add 4,774 Megawatts to the power generation capacity...

  • Posted September 10, 2012
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