All posts by Afolabi Ogunde

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  Wema Bank Appoints Independent, Non Executive Directors

  The Board of Wema Bank Plc has announced the appointment of Ms. Augustina Onehimare Vukor ‘Quarshie and Mr. Adeyinka Olatokunbo Asekun to its Board. Wema Bank, Nigeria’s longest surviving Indigenous financial institution, today announced the appointment of...

  • Posted August 31, 2012
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  Naira Heads For Best Month In Six As Oil Companies Sell Dollars

  The naira gained, heading for its best monthly performance since February, as oil companiessold dollars and on continued inflows into Nigeria’s sovereign debt market. The currency of Africa’s biggest oil producer appreciated as much as 0.2 percent and traded 0.1...

  • Posted August 31, 2012
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  President Jonathan Designates Anambra Oil Producing State

  President Jonathan has designated Anambra to be an oil producing state. He made the designation yesterday during a working visit to the state. The President was in the South-Eastern state to inaugurate the Anambra River Production Facility in...

  • Posted August 31, 2012
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  How Does the Graduate Recruitment Process Work for Investment Banks?

  This is a very popular question amongst students who want to become investment bankers. The process is very similar across different investment banks and works as follows: 1. An internship application is submitted, usually using a standardized online form...

  • Posted August 30, 2012
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  Senate May Approve N5,000 Note Project

  The Nigerian senate may go ahead to approve the Central Bank’s plan to introduce the N5,000 note as well as phase out some smaller denominations into coins. The indication was given by Senator Eyinnaya Abaribe (PDP, Abia South) via...

  • Posted August 30, 2012
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  Boko Haram’s Victimiation of SSS Goes Hi-Tech

  Like a plot from a Bond or Mission Impossible movie,  Boko Haram agents publicly posted online State Security Service’s (SSS) agents information online for several days, according to an exclusive AP report. The Associate Press said it learned,...

  • Posted August 30, 2012
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  Naira firms on Oil company, Banks Dollars Sale

  The naira firmed against the U.S. dollar on the interbank market on Wednesday, supported by dollar sales by an oil company and some banks towards the close of trading. The naira closed at 158.05 to the dollar on...

  • Posted August 30, 2012
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  Rising poverty level in Nigeria worries UNDP

  The United Nations Development programme (UNDP), on Tuesday, raised concerns over rising unemployment rate and concomitant worsening poverty level in Nigeria. The Resident Representative of UNDP, DaoudaToure, made the observation in Abuja at the 53rd yearly conference...

  • Posted August 30, 2012
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  Businessman Lays Claim to Ibori’s $15 million EFCC Bribe, Fingers Andy Uba

  A businessman with interests in Oil and Gas, Chibuike Achigbu has laid claim to the $15 million ‘Ibori EFCC bribe’ that is in the process of being forfeited to the Federal Government. An Abuja High Court presided over...

  • Posted August 30, 2012
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  TUC Hails Nnaji’s Departure

  The Trade Union Congress of Nigeria (TUC), yesterday in Lagos, described the resignation of Minister of Power, Prof. Barth Nnaji, as a welcome development to the sector. The union’s president, Peter Esele and the General Secretary, Chief...

  • Posted August 30, 2012
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