Don't Miss


All posts by Afolabi Ogunde

  • IMF Wants Sanusi to ‘Hands-off’ Naira

    The last time the International Monetary Fund (IMF) asked the Nigerian Central Bank Governor, Lamido Sanusi, to devalue the Naira, he didn’t listen to them. It’s surprising that they would ask him to liberalize the process again. The IMF...

    • Posted July 27, 2012
    • 2
  • FG Settles Marketers Subsidy Arrears

    The Federal Government has initiated steps to commence the settlement of the payment of the subsidy arrears due petroleum marketers involved in fuel importation. The move came after petroleum marketers under the aegis of Depot and Petroleum Product...

    • Posted July 27, 2012
    • 0
  • NEITI Alerts Lawmakers on PIB Loopholes That Will Cost Nigeria

    The attention of Nigeria Extractive Industries Transparency Initiative (NEITI) has been drawn to the on-going deliberations on the PIB now before the NASS.   As an agency set up to, among other things, develop a framework for...

    • Posted July 27, 2012
    • 2
  • BPE, Manitoba begin talks with protesting TCN staff

    Officials of the Bureau for Public Enterprises, BPE, and the new management contractor of the Transmission Company of Nigeria, TCN, Manitoba Hydro International have sought to thaw the frozen relationship with electricity workers, preparatory to the scheduled...

    • Posted July 27, 2012
    • 0
  • Shell To Invest $4 Billion In Two Nigerian Oil And Gas Projects

    Royal Dutch Shell Plc (RDSA), operator of Nigeria’s largest oil fields, agreed to invest about $4 billion with its partners in two oil and gas projects in the country. The Shell Petroleum Development Co. of Nigeria, which...

    • Posted July 27, 2012
    • 0
  • H1 2012 Earnings: Stanbic Reports N5 billion Net Income

    LAGOS, NIGERIA – 26 July 2012 – Stanbic IBTC Bank, a member of Standard Bank Group, has announced its unaudited IFRS compliant results for the six months period ended 30 June 2012. Speaking from the Bank’s headquarters...

    • Posted July 26, 2012
    • 0
  • Oil Falls For First Day In Three As U.S. Stockpiles Increase

    Oil dropped for the first time in three days in New York on concern that rising stockpiles signal faltering demand in the U.S., the world’s biggest crude consumer. Futures slid as much as 0.7 percent, erasing a...

    • Posted July 26, 2012
    • 0
  • CBN to compel Banks to close their Foreign subsidiaries

    The Central Bank of Nigeria (CBN) is increasing restrictions to Nigerian banks who operate foreign subsidiaries that are in danger of not meeting the host country’s capital base requirements. The Central Bank will restrict the parent banks...

    • Posted July 26, 2012
    • 2
  • President Jonathan Sacks NPA Boss

    The President has terminated the appointment of the erstwhile Managing Director of  Nigerian Ports Authority, Omar Suleiman. The move was revealed to journalists in a statement released by the Presidential Spokesperson, Dr. Reuben Abati. Mr. Habibu Abdullahi...

    • Posted July 26, 2012
    • 0
  • Coscharis is Providing the Luxury Cars Free for the First Lady – Presidency

    The Presidency has denied a report carried by some media houses yesterday which  said the Presidency had bought 200 luxury cars from auto dealer Cosmas Maduka in order to host the African First Ladies Summit being hosted...

    • Posted July 26, 2012
    • 0