All posts by Afolabi Ogunde

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  The Libor Cartel: Wall Street’s Biggest Scam Ever

  LIBOR has been on many investors lips lately. A few still seem to understand the implications. Below is a must read piece from Der Spiegel. In the glitzy world of investment banking, money market traders were at...

  • Posted August 4, 2012
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  Harvard Study Confirms Fluoride Lowers IQ

  If the scientific link between fluoride exposure and a noted decreased in IQ is a conspiracy theory, then perhaps the Harvard researchers who just confirmed such a link should be tarred and feathered by the ‘evidence-based’ medical...

  • Posted August 4, 2012
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  Is Competition from Foreign Brands Killing the Nigerian Fast Food Industry?

  Foreign quick service restaurants, popularly known as fast food restaurants are springing up all over the place. The Kentucky Fried Chicken (KFC) franchise in Nigeria is owned by a group of Indian investors. The brand is easily...

  • Posted August 3, 2012
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  ‘AMCON is Beneficiary of London Court Ruling Against Akingbola’, says Access Bank

  The Asset Management Corporation of Nigeria (AMCON) will be the beneficiary of the $1.02 billion London Court ruling against Erastus Akingbola,  former Intercontinental Bank chief. Access Bank said it assumed all claims in litigation against Akingbola instituted...

  • Posted August 3, 2012
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  ‘First Bank In Compliance with CBN Recapitalization Policy for Offshore Units’ – CEO

  Chief executive Officer of First Bank, Olabisi Onasanya, has disclosed that Africa’s oldest financial institution is in compliance with the  apex body’s latest regulation on Nigerian bank foreign subsidiaries. The CBN last week prohibited Nigerian banks from...

  • Posted August 3, 2012
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  Dangote Cement Posts N71 billion Profit as Sales Top N142 billion

  Dangote Cement, the prize of the Dangote Group, transmitted its first half (January to June) earnings report to the Nigerian Stock Exchange yesterday. Africa’s largest cement manufacturer declared a revenue of N142 billion in the unaudited financial...

  • Posted August 3, 2012
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  Naira Falls Third Day As Bank Sells Least Dollars In Three Weeks

  The naira fell for a third day against the dollar on the Nigerian interbank market after the central bank sold the lowest amount of U.S. currency in three weeks. The currency of Africa’s biggest oil producer retreated 0.4 percent to...

  • Posted August 2, 2012
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  Dangote Group Calls on Graduates to Seek Employment as its Truck Drivers

  The Dangote Group obviously with good intentions at heart is advertising employment opportunities for graduates in Nigeria to become its truck drivers. Many young Nigerians are a bit incensed at the scheme called the “Drivers Academy”. According...

  • Posted August 2, 2012
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  H1 2012 Earnings: UAC Posts Revenues of N30.5 billion

  UAC of Nigeria Plc, the most diversified conglomerate in Nigeria with operations in foods, beverages, dairies, restaurants, paints, logistics and real estate announces IFRS compliant results for the six months ended 30 June 2012. Commenting on the...

  • Posted August 2, 2012
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  Foreign Reserves Fall in July, as Sanusi cites Falling Oil Prices As Cause for Concern

  Depressed crude prices and other macro-economic factors have conspired to reduce the level of foreign reserves from $36.93 billion  in June to $36.43 at the tail end of July, according to data from the Central Bank of...

  • Posted August 2, 2012
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