All posts by Afolabi Ogunde

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  President Jonathan to Strip ex-Convicts of National Honours Awards

  President Jonathan has begun steps to strip ex-convicts of the National Honours they were bestowed with before the commission of their crimes. The move comes after several opposition figures, anti-corruption organizations and even the House of Representatives...

  • Posted August 21, 2012
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  Shell Spent $383 million on Security in Nigeria

  Oil major Shell spent almost 40% of its $1 billion global budget for security in Nigeria during the years 2007 to 2009, according to a pressure group named Platform. Platform said most of the money went to...

  • Posted August 21, 2012
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  The Unconstrained Joy of Investing

  There is a famous paradox in finance literature called the Grossman-Stiglitz Paradox. It describes a world in which we have two choices: invest our time in fundamental research to find a good investment or choose the “market”...

  • Posted August 20, 2012
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  Oando Vindicated in Subsidy Probe

  Indigenous oil and gas major, Oando Plc and her group of companies have been vindicated of any impropriety in the fuel subsidy investigation. According to a statement from the Ministry of Finance released last Friday, 21 firms...

  • Posted August 20, 2012
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  Inflation Eases to 12.8 pct YoY in July

  Nigeria’s consumer inflation eased slightly to 12.8 percent year-on-year in July, from 12.9 percent year-on-year in June, statistics showed on Friday, surprising many analysts who had expected inflation to rise. Food inflation, the largest contributor to the...

  • Posted August 20, 2012
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  Orange Drugs to Launch New Onitsha Factory

  Orange Drugs Limited is set to launch a new factory in Onitsha on August 30th. The factory which will help to boost the productivity and profitability of the company has the capacity to employ 1,000 workers. Plant...

  • Posted August 20, 2012
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  Etisalat Targets MTN, Glo and Airtel Customers For 45% Nigeria Growth

  Emirates Telecommunications Corp. (ETISALAT), the largest publicly traded company in theUnited Arab Emirates (ADSMI), is targeting subscriber growth of 45 percent in Nigeria next year by luring customers from its three larger rivals. Etisalat, as the company...

  • Posted August 20, 2012
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  Sterling Bank restates commitment to Entrepreneurial Development

  To aid entrepreneurial development in the country, Sterling Bank has reiterated its commitment to continue to invest in capacity building to empower Nigerian entrepreneurs for the growth of sectors. Speaking at the end of the Fate Foundation...

  • Posted August 20, 2012
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  Prosecute Subsidy Thieves, Don’t Pay their Claims – Labour Tells FG

  Labour Unions in the country have called on the Federal Government to prosecute the suspects involved in the subsidy scam without further delay. The Acting General Secretary of the National Labour Congress (NLC) said the subsidy investigations...

  • Posted August 20, 2012
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  FG Reads Riot Act to Fuel Marketers

  The Ministry of Finance released a statement calling the fuel marketers to order even as the Presidency has indicted more manipulators of the petrol subsidy system. The statement released by Ngoi Okonjo-Iweala’s office names MRS, Capital Oil...

  • Posted August 19, 2012
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