All posts by Afolabi Ogunde

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  Infrastructure Bank Provides N17.8bn loan to Osun for 45km Road Project

  The Managing Director of the Infrastructure Bank Plc, Mr. Adekunle Oyinloye, said on Thursday in Abuja that the bank had completed all negotiations with the Osun State Government on the funding of the N17.8bn Osogbo – Ilaodo...

  • Posted August 17, 2012
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  Ogun to procure N.5 billion Agric equipment

  OGUN State government on Wednesday signed a N500 million contract with three agriculture firms for procurement of modern land clearing equipment. The contract, signed at the office of the Commissioner for Agriculture, Ayo Olubori in Abeokuta was...

  • Posted August 17, 2012
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  Fuel Scarcity Rumors Unfounded – Petroleum Minister

  The Petroleum Minister has said there is no fuel scarcity in the country at present as the NNPC has over 45 days strategic reserve of fuel left. The Minister attributed the queues at the filling stations in...

  • Posted August 17, 2012
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  N300 billion Released for 3Q Capital Projects – FG

  The Federal Government released N300 billion for capital projects earmarked to be executed in the third quarter. According to the Finance Minister, Ngozi Okonjo Iweala the total quantum of money released for capital projects in Nigeria under...

  • Posted August 17, 2012
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  World Bank Responsible For Grand Corruption In Nigeria – Femi Falana (SAN)

  This Op-Ed on the World Bank by Femi Falana Shows Why The Legal Luminary Was Way Overdue for SAN title The World Bank has just issued a damning report which claimed that 80% of Nigerian businesses offer...

  • Posted August 17, 2012
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  FG Offers PHCN Workers N144 billion As Severance Pay, Union Demands N443 billion

  In order to resolve all labour issue relating to the Power Privatization scheme of the Federal Government, the Ministry of Power, Barth Nnaji has said that the Federal Government is ready to pay N144 billion as severance...

  • Posted August 17, 2012
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  Oil Revenue Climbs 22% In July On Improved Security

  Nigerian government revenue rose 8 percent to 825.4 billion naira ($5.3 billion) in July compared with 763.6 billion naira in the previous month as oil revenue climbed 22 percent, the country’s accountant-general said. “This was due to...

  • Posted August 17, 2012
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  Naira Strengthens To 9-Month High On CBN Regulation

  The Naira rallied to the strongest in more than nine months as commercial lenders sold dollars to comply with regulations on foreign-exchange holdings and foreign investors bought the nation’s debt. The currency of Africa’s biggest oil producer...

  • Posted August 16, 2012
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  Oil Gains As Supplies Decline More Than Expected

  Oil traded near the highest close since May after U.S. stockpiles dropped to the lowest in four months and China signaled it may take more steps to boost growth in the world’s second-biggest economy. Futures were little changed...

  • Posted August 16, 2012
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  Akpabio says Ibaka Seaport will Create 70,000 Jobs

  The Ibaka seaport will create 70,000 jobs upon completion says the Akwa Ibo State Governor, Godswill Akpabio. The governor disclosed this to newsmen at the Nnamdi Azikwe Airport in Abuja after returning from an Investment Summit in...

  • Posted August 16, 2012
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