All posts by Afolabi Ogunde

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  Standard Chartered to foster Africa-China trade at forum

  TO foster trade and investments between Africa and China, Standard Chartered Bank has concluded plans to expand this frontier through its yearly Africa chairmen’s conference. The conference, which is scheduled to hold in Beijing this year, is...

  • Posted July 20, 2012
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  Capital Market Probe Report Lists 17 Reasons Why the Capital Markets Collapsed

  The report released by the Capital Market Probe Committee of the House of Representatives lists seventeen major reasons of the collapse of the capital markets. Some of the reasons are straightforward and follow a specific and measurable...

  • Posted July 20, 2012
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  Nationalized Banks: CBN, SEC and AMCON Boss, Others to Face Full Wrath of the Law

  The Ibrahim el-Sudi led Committee on the near Collapse of the Capital Markets has called for the prosecution of Central Bank Governor, Lamido Sanusi, for failure to provide key documents to the panel amongst other violations. The...

  • Posted July 20, 2012
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  Malabu Oil Scandal: Senate Begins Investigation

  The Senate has resolved to investigate the Malabu Oil Scandal which raged in the media for several weeks as reports came to light that the highest levels of Nigerian government were involved in brokering an oil deal...

  • Posted July 20, 2012
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  House Calls Presidency to Order on Oteh’s Reinstatement

  The members of the House of Representatives have expressed their high level of displeasure at the reinstatement of Ms. Aruma Oteh as the Director General of the Securities and Exchange Commission (SEC). The Federal Government issued a...

  • Posted July 20, 2012
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  Access Bank plans $350 mln Eurobond

  Access Bank plans to issue a $350 million five-year Eurobond with pricing in the 7 percent range, a banking source with knowledge of the deal told Reuters on Wednesday. The bank is likely to benefit from strong...

  • Posted July 19, 2012
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  Manchester United set to kick off $300 Million Initial Public Offering (IPO)

  Football powerhouse Manchester United is expected to launch its IPO in New York as early as next week, for pricing in early August, after earlier attempts in Hong Kong, Singapore and the UK. The time table marks a...

  • Posted July 19, 2012
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  Power Generation Firms: Otedola, Julius Berger Others Submit Bids as Dangote Misses Deadline

  Sources in the Bureau of Public Enterprises (BPE) handling the Power Privatization Exercise have said 25 investors have shown interest in the six power generation companies up for grabs. Consortium’s who successfully submitted their bids include Femi...

  • Posted July 19, 2012
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  Could Soaring Bread Prices Cause Political Instability

  The price of bread is responding to the increases in the duties and levies placed on Wheat commodity and show no signs of slowing anytime soon. A loaf of bread that used to sell for N 100...

  • Posted July 19, 2012
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  Diamond Bank revised 2012 ROE target to 15 percent

  Diamond Bank has raised its return on equity (ROE) target for 2012 to 15 percent from 10 percent, the lender said on Wednesday. The mid-tier lender last week announced a fourfold increase in half-year pretax profit to...

  • Posted July 19, 2012
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