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All posts by Afolabi Ogunde

  • Russia Warns Nigeria on Supreme Court Decision

    Russia’s Foreign Ministry warned Nigeria on Thursday of potential damage to bilateral relations and urged action against a court decision that stripped the world’s largest aluminium producer, Russia’s Rusal, of its core African asset. Nigeria’s supreme court...

    • Posted July 12, 2012
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  • Q2, 2012 Earnings: Diamond Bank Shines with N 9.9 billion Net Income

    Diamond Bank, a mid tier financial institution, transmitted its unaudited Q2, 2012 financial report to the Nigeria Stock Exchange (NSE) yesterday. Financial Highlights from the Statements:    Group Profit & Loss ·Net interest income of N42.0 billion...

    • Posted July 12, 2012
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  • POLITICS AND THE STATE (10)

    The dynamics of politics is changing daily even as the demands of leadership are increasingly testing the character and strength of men. Global politics is experiencing a phenomenon of power changes that are spearheaded more and more...

    • Posted July 11, 2012
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  • Q2, 2012 Earnings: UBA Grows Net Income to N 26 billion

    Africa’s global bank, UBA Plc, transmitted its Q2, 2012 earnings to the Nigerian Stock Exchange yesterday. The company reported Gross Earnings of N 111 billion, up 22%, from the N 91.2 billion it made over Q2, 2011....

    • Posted July 11, 2012
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  • British Access Bank Employee Commits £ 2 million Fraud

    A bank official from Kent admitted defrauding his bosses of £2 million. Michael Corrigan, 48, pleaded guilty at the Old Bailey to four offences of fraud committed between January and September 2010. Corrigan, of Hayne Road ,...

    • Posted July 11, 2012
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  • Dangote Sugar Refinery to resume operations this week

    Management of Dangote Sugar Refinery Plc has revealed that production will commence within the week after the refinery was partially affected by fire incident over the weekend. A statement from the company stated, “fire occurred at the...

    • Posted July 11, 2012
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  • Nuhu Ribadu Challenges EFCC Leadership on Subsidy Fraudsters

    Former Economic and Financial Crimes Commission (EFCC) Chairman and current Chairman of the Special Petroleum Revenue Taskforce, Mallam Nuhu Ribadu, has challenged the present leadership of the EFCC to bring the subsidy fraudsters to justice quickly. Mallam...

    • Posted July 11, 2012
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  • Stanbic IBTC to delist from Nigerian Stock Exchange

    In order to conform to regulatory requirements made by the CBN, Stanbic IBTC will delist from the Nigerian Stock Exchange on September 17th and be replaced by Stanbic IBTC Holding Plc. The company will transfer all its...

    • Posted July 11, 2012
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  • Naira Falls as Crude Oil Price Declines

    The naira weakened, snapping three days of gains against the dollar as crude, Nigeria’s key export, retreated in New York and London. The currency of Africa’s biggest oil producer depreciated 0.1 percent to 160.84 per dollar as...

    • Posted July 11, 2012
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  • Access Bank May Raise EuroBond in Q4

    Following its successful acquisition of Intercontinental bank and subsequent integration, Access bank may be preparing to raise a Euro bond in the fourth quarter of the year. ThisDay, a leading print news media company, says the bank...

    • Posted July 11, 2012
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