All posts by Afolabi Ogunde

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  We Aren’t Joking About the Aeroplane Promotion – MTN

  Nigeria’s premier telecommunications network has said its not pulling the legs of its subscribers concerning its recent promotion which offers the opportunity to win a four-seater aeroplane. General Manager, Consumer Marketing, Mr. Kola Oyeyemi disclosed this at...

  • Posted September 3, 2012
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  Secret PDP Memo that Led to Nnaji’s Termination Surfaces

  A damning memo by PDP to President Jonathan and Vice President Namadi Sambo, where the party called for Nnaji’s removal has been revealed by Nigerian publication – Thisday. The memo detailed a harvest of infractions allegedly committed...

  • Posted September 2, 2012
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  Beer Sales Surge despite Church and Mosque

  Beer sales in Africa are surging because of economic and population growth, a trend rubbing against the grain of another demographic factor defining the region: intense religiosity. By almost any measure, Africa is an exceptionally devout place...

  • Posted September 2, 2012
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  Eland Oil to List on London Stock Exchange After Buying Nigerian Oil Block

  West Africa-focused energy firm Eland Oil and Gas will float on London’s junior stock market on Monday with a market value of 135 million pounds ($214 million) after completing the purchase of a stake in a Nigerian...

  • Posted September 2, 2012
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  Exxon Mobil Oil Spill in Akwa Ibom Adversely Affecting Fishing Communities, Environment

  An oil spill near an ExxonMobil oilfield off the southeast coast of Nigeria has spread along the shore for about 15 miles, and locals said it was killing fish they depend on to live. Mobil Producing Nigeria,...

  • Posted September 2, 2012
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  Coca Cola Unveils “A Billion Reasons to Believe in Africa” Brand Campaign

  The Coca-Cola System has announced the launch of its continental campaign, tagged, “A Billion Reasons to Believe in Africa.” Unveiling the new initiative recently in Lagos, according to a statement by the company on Wednesday, the Brand...

  • Posted August 31, 2012
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  GTBank Half Year Profits Top N53 billion, Declares 25kobo interim Dividend

  The management of Guaranty Trust Bank communicated its earnings to the stock exchange today, announcing H1 Profit Before Tax of N53.63 billion, an increase of 63% from the N33 billion reported over the similar period in 2011....

  • Posted August 31, 2012
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  Nigerian Stock Exchange Watch: Best Paying Stocks in August

  If you had invested N1 million in the Nigerian Stock Exchange at the beginning of August, where would your money be now. BusinessNews crunched the numbers to discover August’s best and worst performers and the results may...

  • Posted August 31, 2012
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  Anambra Governor Said to Secretly Own Shares in N15 billion SABMiller Brewery

  Former House of Representatives member, Mr. Chudi Offodile has asked Governor Peter Obi of Anambra State to resign over a company ownership scandal. The SABMiller Brewery which was commissioned by President Jonathan yesterday is the second largest...

  • Posted August 31, 2012
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  Food Supply Adequate To Forestall Unrest, World Bank Says

  Further weather disruptions or rising energy expenses could increase grain costs already at a record, while current supplies may be ample enough to forestall unrest caused by high food prices, the World Bank said. The worst U.S. drought since...

  • Posted August 31, 2012
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