All posts by Afolabi Ogunde

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  Oil Rises For Fifth Day On Stimulus Outlook, Middle East Unrest

  Oil climbed to the highest level in a week in New York on speculation that U.S. and European policy makers will act to boost growth and concern that unrest in the Middle East may spread and disrupt supplies. Futures...

  • Posted July 30, 2012
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  Fuel Scarcity Averted as Marketers Suspend Strike

  Oil marketers under the aegis of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMA) have called off their strike due to the steps taken by the Federal Government to settle their greivances. The marketers had embarked on...

  • Posted July 30, 2012
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  Aviation Sector in a State of Emergency, Needs another N500 billion

  The investigative panel set up by the Minister of Aviation, Mrs. Stella Oduah, has asked the Federal Government to declare a state of emergency in the aviation sector in order to rescue it from its current state...

  • Posted July 30, 2012
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  CBN to Postpone Nationwide Deployment of Cashless Policy

  The Central Bank of Nigeria (CBN) has concluded plans to postpone the nationwide deployment of its cashless policy which was originally scheduled to begin on January 1, 2013. Instead the apex financial institution has decided to stagger...

  • Posted July 30, 2012
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  THE SMILING FACES OF THE SUBSIDY SUSPECTS

  The chickens are finally coming home to roost. The twilight song when the sun recedes towards the swallowing ground is about to signal the end of a saga. The era when the word ‘cabal’ became a buzz...

  • Posted July 29, 2012
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  Yoga Health Moves: Let Them Enrich Your Body, Mind, And Spirit

  Yoga is a gentle set of universal self-improvement exercises that enriches the practitioner’s body, mind, and spirit. The birth place of Yoga may be India, however it’s for everyone, irrespective of one’s religion, gender, income, nationality, language,...

  • Posted July 28, 2012
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  Pirates kill Eni oil worker in Bayelsa

  Pirates killed at least one oil worker in an attack on a boat owned by Italian energy firm Eni’s local subsidiary Agip in Nigeria’s Niger Delta on Friday, the military said. “The boat conveying some staff of...

  • Posted July 28, 2012
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  H1 2012 Earnings: Fidelity Bank Profit Before Tax Hits N 10billion

  Fidelity Bank transmitted its first half earnings to the Nigerian Stock Exchange on Thursday. The following is an excerpt from a press release annoncing the bank’s results: Fidelity Bank Plc announces Profit Before Tax of N10 billion...

  • Posted July 28, 2012
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  Revealed: 21 Oil Marketers Indicted in Aig-Imoukhuede led Committee Report

  Earlier this week, the Aig-Imokhuede led-committee on subsidy claims presented their report to President Jonathan. At the time, all that was disclosed was that there were 21 firms indicted for criminal investigation for receiving N382 billion in...

  • Posted July 27, 2012
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  Treasury Bills Yields Rise On Central Bank Action

  Nigeria sold 207.3 billion naira ($1.3 billion) of Treasury bills at an auction yesterday, with yields rising from a previous sale after the central bank said it increased lenders’ reserve limits. The Central Bank of Nigeria sold 34.9 billion naira...

  • Posted July 27, 2012
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