All posts by Afolabi Ogunde

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  PIB Will Boost Output – Petroleum Minister

  Nigeria’s revised oil industry bill will help increase the country’s crude output by attracting foreign investors, Petroleum Minister Diezani Alison-Madueke said today. The Petroleum Industry Bill, which was approved by the Cabinet on July 11 and presented...

  • Posted August 2, 2012
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  Flour Mills Seeks Approval to Acquire Rival

  Flour Mills of Nigeria said on Wednesday it will seek shareholders’ approval to acquire a controlling stake in privately-held food manufacturer Rom Oil Mills, as it looks to boost its market share in Africa’s most populous nation....

  • Posted August 2, 2012
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  Finance Minister is being Fiscally Responsible in Budget Implementation – Okupe

  The Senior Special Assistant to President Goodluck Jonathan on Public Affairs, Dr. Doyin Okupe, has waded into the ongoing battle between the Executive and Legislative over budget implementation. Okupe said categorically that it would be an unserious...

  • Posted August 2, 2012
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  Akingbola Set to Appeal British Court Ruling

  Erastus Akingbola, the embattled former Managing Director of Intercontinental Bank has said he will appeal the ruling made by a London High Court earlier this week which found him guilty of misappropriating over $ 1 billion. According...

  • Posted August 2, 2012
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  Presidential Aide Stands as Surety for Subsidy Fraud Suspects

  The Senior Special Assistant to the Governor on intergovernmental relations, Mrs. Mariam Ali, has volunteered herself to be the surety of one of the subsidy suspects, Mr. Christian Taylor. Mrs. Ali, also happens to be the wife...

  • Posted August 2, 2012
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  Nigerian Stock Exchange Watch: Bulls Take Off in August as ASI Gains 1.16%

  The Nigerian Stock Exchange had a bright start to the new month as the bulls took off in today’s trading causing the bourse to ascend by 1.16%. A healthy uptick in the price of Dangote Cement (+3.51%)...

  • Posted August 1, 2012
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  GTBank Security Upgrade Explains Service Disruptions

  Not a few GTBank customers are affected by service disruptions on the bank’s Internet banking platform. Complaints range from inability to complete transactions from online savings accounts to problems with third party bank transfers. As complaints trickle...

  • Posted August 1, 2012
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  H1 2012 Earnings: Ecobank Transnational Reports Revenue of $765 million

  Ecobank Transnational Inc., the parent company of the pan-African banking group with a presence in 32 African countries, today announced its unaudited results for the six months ended 30 June 2012. Financial highlights:   Revenue of $765...

  • Posted August 1, 2012
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  Senate Threatens to Arrest Finance Minister on Budget Implementation

  The Senate was unable to hold back its displeasure over the failure of the Finance minister to honour their invitation over the investigation it is conducting on budget implementation. The Minister who is attending an investment forum...

  • Posted August 1, 2012
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  Oil Trades Near Two-Week Low On Manufacturing Slowdown

  Oil traded near the lowest level in more than two weeks in New York as concern that central banks won’t act to stimulate a slowing global economy outweighed signs of shrinking supplies. Futures were little changed after...

  • Posted August 1, 2012
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