All posts by Afolabi Ogunde

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  Corporate Nigeria’s Top Forex Consumers, Buy $ 1.8 bn from CBN in Q1

  The Central Bank of Nigeria (CBN) sells foreign exchange bi-weekly through its Wholesale Dutch Auction System (WDAS), the biggest forex market in Nigeria. Corporate Nigeria patronizes the CBN auction on order to trade Naira for Dollars needed...

  • Posted July 16, 2012
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  Shoprite Billionaire Busted Smuggling $1 million Cash

  Meet Christo Wiese. The 70-year-old is South Africa’s third richest person, worth $3.1 billion thanks to his shares in the African continent’s biggest retailer, low-price supermarket chain Shoprite. Wiese’s travel woes couldn’t be further from the quotidian vanishing...

  • Posted July 15, 2012
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  Ladi Delano of Bakrie Delano Group speaks about opportunities in Nigerian market

  One of Indonesia’s biggest conglomerates, Bakrie Group, last year partnered with British-Nigerian entrepreneur Ladi Delano to form Bakrie Delano Africa (BDA) with the intention of investing $1 billion in Nigeria over the next five years. How we...

  • Posted July 15, 2012
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  Africa’s richest woman and her fabulous wealth

  Isabel dos Santos (pictured), the eldest daughter of Angola’s President, Jose Eduardo dos Santos, is now considered to be the most powerful and richest woman in her country and on the continent, possessing  legit nine-figure fortunes.Isabel is...

  • Posted July 15, 2012
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  The Growing Poverty In Nigeria: What Can We Do To Reduce It?

  Poverty is an insidious disease that incapacitates, depresses, and ultimately kills scores of people world-wide. Those afflicted can be old or young, black or white or brown, rich or poor, skinny or obese. Daily more than 50,000...

  • Posted July 15, 2012
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  Tariff Hike: Consumers Groan under the Weight of PHCN Extortion

  The Federal Government increase in electricity tariff was applied on June 1st, 2012 and many Nigerians did not protest then. However as the PHCN electricity bills for July were distributed, the story began to change. Electricity consumers...

  • Posted July 13, 2012
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  Caverton Helicopters Designated as West Africa Service Center by AgustaWestland

  Caverton Helicopters has been appointed as the authorised service centre in Nigeria by AgustaWestland, a leading manufacturer of helicopters for military and commercial operations. By this development, Caverton Helicopters, a wholly indigenous company, becomes the first to...

  • Posted July 13, 2012
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  Dana’s Flight 0992 preliminary accident report – AIB

  The Accident Investigation Bureau (AIB) has released its preliminary accident report on the Dana Air Crash. The report signed by Captain M.S. Usman, the Commissioner of the Accident Investigation Bureau, is reproduced in its entirety below: On...

  • Posted July 13, 2012
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  SGS Agricultural Experts Reveal Good Agricultural Practices (GAP) to Nigerian Stakeholders

  The attention the current administration is lavishing on the agricultural sector has not gone unnoticed by the world’s leading experts. Andrew Jones, Vice President of Agricultural Services for SGS Africa, puts it candidly, “When I heard about...

  • Posted July 13, 2012
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  Nigeria Stock Exchange Brief: Dangote Cement’s Performance Lifts All Share Index (+1.08%)

  The Nigerian Stock Exchange was boosted upwards significantly todzy based on a stiff increase in the price of Dangote Cement (+4%). the All Share Index gained 1.08% to close at 22,492.96. Today’s performance places the Year-to-Date performance  of...

  • Posted July 12, 2012
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