All posts by Afolabi Ogunde

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  Impeachment Threat: FG Can’t Achieve 100% Budget Implementation by September – Okonjo Iweala

  Coming on the heels of the impeachment threat issued to President Jonathan by the House of Representatives, the Finance Minister, Ngozi Okonjo Iweala, has stated unequivocally that the Executive cannot achieve 100% budget implementation by September. The...

  • Posted July 26, 2012
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• More Winners Emerge from Unity Bank’s Promo

  Unity Bank Plc has again rewarded 32 customers of the South region in their Aim, Save and Win promo. The raffle draw which took place recently at Uyo, was the second Zonal draw of the promo.  ...

  • Posted July 25, 2012
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  Breaking News: FG Owes Us $7 billion (N1.2 trillion) in Subsidy Arrears – NNPC

  Nigeria’s state-oil company said on Wednesday it was owed $7 billion in government fuel import subsidies, debts which would wipe out savings supposed to protect Africa’s second biggest economy from oil price dips. “As at the end...

  • Posted July 25, 2012
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  Bharti Airtel reinforces commitment to developing talent in Africa

  NAIROBI, Kenya, July 25, 2012/ — Leading global telecommunications company, Bharti Airtel (‘Airtel’)  today announced a partnership with the largest e-learning provider in Africa – The Learning Resources Management Group – to provide an extensive e-learning program for Airtel employees...

  • Posted July 25, 2012
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  H1 2012 Earnings: Zenith Bank’s PBT Reported at N50.2 billion

  LAGOS, NIGERIA – 25, July 2012 –Zenith Bank Plc, (Bloomberg: ZENITHBA NL; REUTERS:ZENITH.LG) (“Zenith” or the “Bank”), the Nigerian top tier bank headquartered in Lagos, announces its interim management results for the Half Year ended 30 June...

  • Posted July 25, 2012
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  Oil Trades Below $90 A Barrel A Third Day On Supply Gain

  Oil traded below $90 a barrel for a third day in New York after an industry report showed crude stockpiles increased for the first time in four weeks in the U.S., the world’s biggest consumer of the commodity. Futures...

  • Posted July 25, 2012
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  Ibori to Forfeit $15 million EFCC bribe to Federal Government

  In 2007, the EFCC claimed James Ibori tried to bribe it with $15 million in order to compromise its investigation against the former governor. The $15 million was supposedly delivered to Nuhu Ribadu, then EFCC chairman, in...

  • Posted July 25, 2012
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  Okonjo Iweala Clarifies JP Morgan Account

  The Minister of Finance, Ngozi Okonjo-Iweala has explained the reason the Nigerian National Petroleum Corporation (NNPC) should not be faulted for operating an account with JP Morgan. She revealed this at a meeting organized by the Nigerian Economic...

  • Posted July 25, 2012
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  Subsidy Fraud: Aig-Imoukhuede led Committee Indicts 21 Firms on N382 billion

  The Aig-Imoukhuede led committee charged with verification and reconciliation of fuel subsidy claims and payments has indicted 21 firms of committing subsidy fraud to the tune of N 382 billion and recommended their prosecution to the Presidency....

  • Posted July 25, 2012
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  Nigerian Stock Exchange Watch: Market Performs Well Despite Negative Close

  The Nigerian Stock Exchange recorded a good performance today despite closing in the negative. A block trade in Dangote Cement (-3.93%) caused the All Share Index to fall 0.91%. On a sector-by-sector basis, all the major sub-indices closed...

  • Posted July 24, 2012
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