All posts by Afolabi Ogunde

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  CBN to Review Bank Tariffs

  The Central Bank of Nigeria has begun the review of bank charges applied in the industry in order to align the tariff regime with the present economic realities. According to a circular released by the apex bank,...

  • Posted July 9, 2012
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  Eni blames sabotage for Bayelsa oil spill

  Italian oil major Eni said on Sunday there has been an oil spill on its Nembe-Obama pipeline in Nigeria’s onshore Niger Delta due to sabotage. “Repair work has started. The wells of Nembe South have been closed...

  • Posted July 9, 2012
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  Insights into Tiger Brands Acquisition of Dangote Flour

  Last Thursday, Tiger Brands announced to the Nigeria Stock Exchange (NSE) that it had reached an agreement in principle to acquire 63% of Dangote Flour. Businessnews.com.ng has insight into the details of the deal which should soon...

  • Posted July 7, 2012
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  Nigeria Leads Africa in FDI

  The Minister of  Trade and Investments, Segun Aganga, may be one of the members of the Federal Cabinet who cannot be accused of sleeping on the job by the Nigerian people. In 2011, the Nigerian government attracted...

  • Posted July 7, 2012
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  Jaiz Islamic Bank Of Nigeria Plans To Raise More Capital

  Jaiz Bank Plc of Nigeria, which provides Shariah-compliant banking services, said it plans to raise 8 billion naira ($49.7 million) to expand its operations. “We are targeting between the end of July and early August to raise the capital,”...

  • Posted July 7, 2012
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  President Talks Tough on Subsidy Fraudsters, Vows to Prosecute

  President Goodluck Jonathan has steeled his resolve to ensure the fraudsters unveiled in the Aig-Imoukhuede-led Committee on subsidy claims are made to face the wrath of the law. Last weekend the Presidential spokesman, Reuben Abati, released a...

  • Posted July 6, 2012
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  Nigeria Stock Exchange Watch: Market crosses 22,000 psychological mark

  The All Share Index gained 0.54% today as the banking sector continued to rally and recover lost ground from the price lull induced by the uncertainty in the sector. 10 out of 11 banking stocks climbed with...

  • Posted July 5, 2012
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  Air Nigeria Moves to Sack workers as GE Repossesses its Planes

  The fortunes of Air Nigeria seem to have taken an even sharper turn for the worse as its lessor General Electric Commercial Aviation Services has moved to repossess four of the Boeing 737-300 it leased to the company....

  • Posted July 5, 2012
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  Dangote’s Suit Against Ibeto is anti-competitive – FG

  The Federal Government has described a lawsuit brought against Ibeto Cement Company by Dangote Cement as anti-competitive. In the suit, Dangote is seeking the withdrawal of an import waiver granted Chief Ibeto by the Federal government. The...

  • Posted July 5, 2012
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  Daewoo Engineering to Partner FG on 10,000 Megawatts Electricity Projects

  South Korean company Daewoo Engineering and Construction Company has entered into a Memorandum of Understanding with the Federal government to partner on 10,000 MW electricity projects in the country. The multi-billion dollar agreement was consummated yesterday and...

  • Posted July 5, 2012
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