All posts by Afolabi Ogunde

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  Shell Sells OML 34 to NNPC and ND Western

  Shell Petroleum has sold an onshore oil block known as Oil Mining Lease 34 or OML 34 to a consortium including Nigerian National Petroleum Corporation (NNPC) and ND Western, an indigenous oil and gas company. ND Western...

  • Posted August 1, 2012
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  Ekiti State Partners JD Forbes on 1000 Unit Housing Estate

  The Ekiti State government via Fountain Holdings, an investment management company is set to partner JD Forbes in the construction of a 1,000 unit housing estate in the state. Fountain Holdings manages the investments of the southwestern...

  • Posted August 1, 2012
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  CBN Holds Memorial Service for DANA Crash Victims

  The Central Bank of Nigeria, yesterday, held a memorial service for the victims of the Dana Air Crash which claimed 8 of its employees. The eight officials on board the ill-fated Dana Boeing MD-83 flight on their...

  • Posted August 1, 2012
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  Oando, Honeywell, Chrome, 50 Others Bid for Power DISCOs

  Several blue-chip Nigerian companies have bid for the 11 Power Distribution companies (DISCOs) slated for privatization by the Federal Government. The companies met the deadline for submission of their technical and financial proposals which came up yesterday....

  • Posted August 1, 2012
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  Dear Mr. President, Please ask Aunty Ngozi to release Budgeted Defense Funds

  This is my first letter to the President of the Federal Republic of Nigeria. Aluta Continua sir and all other protocols duly observed. I learned this morning that you have jet out to Jamaica and are also...

  • Posted July 31, 2012
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  US Counterterrorism Officials Increasingly Focused on Nigeria, North Africa

  The Obama administration no longer sees the greatest terrorist threats in Afghanistan or Pakistan, says Bloomberg’s. Instead, U.S. counterterrorism officials are increasingly focused on a broad swath of northernAfrica from Somalia through Chad, Niger and Mali to Mauritania and south into Nigeria, said three administration...

  • Posted July 31, 2012
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  Akingbola Fined $1.02 billion as London Court Rules in Access Bank Suit

  Access Bank Plc (ACCESS) of Nigeria won a 653 million-pound ($1.02 billion) fraud lawsuit in Britain against Erastus Akingbola, the former chief executive officer of bailed- out Intercontinental Bank Plc, which it acquired last year. Akingbola is liable for directing...

  • Posted July 31, 2012
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  Batman Is a Cheapskate: ‘Iron Man’ Get-Up Costs $1.6 Billion [INFOGRAPHIC]

  If you’ve been paying attention to the financial section of today’s superhero news, you will have already noted the high cost of being Batman: $682 million. That’s according to one estimate of the comic book character’s costs by...

  • Posted July 31, 2012
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  NSE and Lotus Capital Launch Shariah-compliant Islamic Index

  Islamic wealth manager Lotus Capital and Nigeria’s bourse (NSE) on Monday launched a debut index of Nigerian Stock Exchange-listed companies that comply with centuries-old Islamic investment principles. The NSE Lotus Islamic index, which covers 15 equities with...

  • Posted July 31, 2012
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  18 out of 20 Pension Companies Clear PenCom Recapitalization Exercise

  According to a report released by the National Pension Commission on Monday, 18 companies have met the new recapitalization target of N 1 billion. The Pension companies were compelled to raise their capital base from N150 million...

  • Posted July 31, 2012
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