All posts by Afolabi Ogunde

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  CBN Moves to Appease Nigerians on N5000 Note, Says Can Reject Note at Banks

  The Central Bank of Nigeria (CBN) has reviewed its tactics and has begun soft-pedaling on the issue of the N5000 note. Speaking to journalists about the brash way the news of  the policy was unfolded to Nigerians,...

  • Posted September 10, 2012
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  Why We Lifted Dana Air’s Suspension – FG

  The minister of Aviation, Stella Oduah, has said Dana Air was allowed to resume operations as it was not indicted by the Accident Investigation Bureau (AIB). Oduah said: “The AIB as you are aware have released their...

  • Posted September 7, 2012
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  Oil Drops From One-Week High on Speculation Crude Demand to Slow

  Oil fell from the highest close in almost a week as investors speculated prices may have risen too far before a report forecast to show jobs growth slowed last month in the U.S., the world’s biggest crude...

  • Posted September 7, 2012
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  Okonjo-Iweala doesn’t want WTO job-Ministry

  Finance Minister Ngozi Okonjo-Iweala is not interested in replacing Pascal Lamy as head of the World Trade Organisation (WTO) when the Frenchman steps down in a year’s time, the finance ministry said on Thursday. Okonjo-Iweala left her...

  • Posted September 7, 2012
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  Dana Air allies with C.A.R.T to Stop Plane Crash Investigation by Lagos Coroner

  Dana Airlines Limited has allied forces with Captain Dele Ore and the Civil Aviation Round Table (CART) to stop the investigation into the June 3 plane crash that killed 153 Nigerians prematurely. The company has also reportedly...

  • Posted September 7, 2012
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  Airport Expansion to gulp N106 billion in Chinese Loan

  The Federal Government has disclosed plans to borrow N106 billion from the Chinese in order to expand 6 airports across the country. The airports that will be expanded by Chinese contractors are Lagos, Abuja, Rivers, Kano and Enugu....

  • Posted September 7, 2012
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  Police to Join LASTMA in Enforcing Lagos Traffic Law, Contravening IGP’s Directive

  Indications have emerged that the police serving in Lagos State will join the Lagos State government and its traffic officials, LASTMA, in enforcing the new Lagos traffic law. The State Commissioner of Police, Abubakar Umar Manko, addressing...

  • Posted September 7, 2012
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  Instagram Founders Take $265 million Paycut in Facebook Deal

  Instagram Founders Kevin Systrom and Mike Krieger were officially acquired by Facebook today. Systrom uploaded the news to his Facebook Feed saying, “We’re officially joining the Facebook family…I’m psyched for the next chapter of this long journey.”...

  • Posted September 6, 2012
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  N5000 Note: ICAN goes to town on Sanusi, says initiative will cause Nigerians hardship

  The Institute of Chartered Accountants of Nigeria (ICAN) has said the proposed introduction of the N5000 note and the general currency structuring exercise will cause Nigerians hardship. In a statement released by the apex accounting body the...

  • Posted September 6, 2012
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  Akwa Ibom Greenfield Refinery Project Secures N270 billion Financing

  Niger Delta Refinery and Petrochemicals Company Ltd has secured a $1.7 (N270 billion) financing agreement with Singapore-based Eton Group for the construction of a 100,000 barrels per day capacity refinery in Akwa Ibom state. The construction of...

  • Posted September 6, 2012
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