All posts by Afolabi Ogunde

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  Shoprite Plans Nigeria, Angola Warehouse In Africa Logistics Push

  Shoprite Holdings Ltd. (SHP), South Africa’s largest retailer by market value, said it plans to open logistics centers in Angola and Nigeria to reduce the effects of road and port congestion as it expands across Africa, reports Bloomberg....

  • Posted August 22, 2012
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  Aregbesola opens Nigerians in Diaspora investment summit

  Osun State Governor, Mr. Rauf Aregbesola, will today (Wednesday) declare open the 2012 edition of the Trade and Investment Mission organised by the state government and the Nigeria in Diaspora Organisation (Europe). The summit, which will hold...

  • Posted August 22, 2012
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  Heritage Oil to fund Nigeria deal by Kurdistan block sale

  Heritage Oil Plc will sell part of a gas block and borrow money from Genel Energy Plc  to raise $450 million, easing concerns about how it will fund oilfield purchases in Nigeria. Heritage Oil shares jumped 18 percent...

  • Posted August 22, 2012
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  Mobil Commences Oil Spill Clean-up in Akwa Ibom

  ExxonMobil’s Nigeria unit said on Tuesday it was helping clean up an oil spill near its facility off the West African country’s southeast coast, although the company wasn’t yet sure what caused the leak. Mobil Producing Nigeria,...

  • Posted August 22, 2012
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  Sokoto Moves to Explore Crude Oil Deposits

  Sokoto State Governor, Aliyu Wamakko, has said the state government has concluded plans to explore its abundant crude oil deposits. Wamakko said this on Monday in Sokoto while receiving the Sultan of Sokoto, Alhaji Sa’ad Abubakar III,...

  • Posted August 22, 2012
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  Looming Strikes: FG to Meet PHCN, NUPENG for Final Talks Today

  The Minister of Labour is scheduled to meet with union leaders representing PHCN employees and National Union of Petroleum and Natural Gas Workers (NUPENG) today. The Unions are threatening to embark on an industrial action following disagreements...

  • Posted August 22, 2012
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  Russia Seeks To Repatriate $100 Billion From Corrupt Officials

  Russian lawmakers loyal to President Vladimir Putin submitted an anti-corruption bill they hope will lead to the repatriation of $100 billion in assets held by officials, the lead author said. “We are introducing new and very strict rules of the game,”...

  • Posted August 21, 2012
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  Oil Advances Before European Crisis Meetings, Stockpile Report

  Oil traded near the highest close in three months in New York before a meeting of European leaders on the region’s debt crisis, even as a report is forecast to show stockpiles rose in the U.S., the world’s biggest...

  • Posted August 21, 2012
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  SEC appoints UBA, Stanbic IBTC capital market lenders

  The Securities and Exchange Commission has appointed United Bank of Africa Plc and Stanbic IBTC Plc as securities lending agents for equities and bond transactions at the Nigerian Stock Exchange. Securities lending is the act of loaning...

  • Posted August 21, 2012
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  UBA and Domgas Enter into N47 billion LPG Alliance

  United Bank for Africa and Domgas have sealed a deal to make Liquefied Petroleum Gas (LPG) more readily available in Lagos State. CEO of Domgas, Mr. Olufemi Ifayemi revealed this at the recent inauguration of the Lagos LPG Mega Cooperative...

  • Posted August 21, 2012
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