All posts by Afolabi Ogunde

• 
  President Jonathan sacks entire NNPC Executive Board

  President Jonathan has terminated the employment of the entire executive board of the Nigerian National Petroleum Corporation (NNPC), sending them on compulsory retirement. The affected management staff included Austin Oniwon, former Group Managing Director; Michael Arokodare, former ED...

  • Posted June 27, 2012
  • 0
• 
  Nigerian Stock Exchange Watch: Bluechips Decline Cause Marginal Drop in ASI (-0.05%)

  The Nigerian Stock Exchange experienced decline for the second consecutive day as the All Share Index closed 0.05% lower. Decline in prices of Blue-chip stocks like Oando (-4.97%), First Bank (-0.09%), Nigerian Breweries (-0.12%), and Flour Mills...

  • Posted June 26, 2012
  • 0
• 
  Nigeria Yields Set For Record High At Bond Sale On Inflation

  Nigeria’s five-year borrowing costs are poised to hit a record high at a debt auction tomorrow on concern inflation is climbing to the fastest in more than two years. The Debt Management Office will offer as much...

  • Posted June 26, 2012
  • 0
• 
  Third Mainland Bridge shut-down will be partial not full – Fashola

  The Governor of Lagos State, Babatunde Fashola, made an important disclosure concerning the shutdown of the third mainland bridge yesterday. He said the closure of the bridge would be partial and not in full as previous information...

  • Posted June 26, 2012
  • 0
• 
  CarLink boss Charged to Court on Alleged N 595 million Land fraud

  The Managing Director of CarLink Limited, David Bube Okorodudu, has been charged to court for allegedly engaging in a land fraud to the tune of N 595 million. The Lagos State government brought the charges against the...

  • Posted June 26, 2012
  • 0
• 
  Skye Bank to sponsor 10 to Olympics

  Ten winners have emerged in the Skye Bank Plc’s Visa London Olympics Games promotion which began three months ago. The lucky winners are to enjoy an all-expense paid trip to the London Olympics where they will watch...

  • Posted June 26, 2012
  • 0
• 
  Mainstreet Bank Terminates 800 Employees, Labour Threatens Nationwide Shutdown

  Mainstreet bank, formerly Afribank Nigeria Plc, terminated the services of 800 of its employees last Friday, including 650 members of the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI), a unit of the Trade...

  • Posted June 26, 2012
  • 0
• 
  Invest in Africa Partners Premier League Club Sunderland FC

  Invest in Africa and Sunderland AFC announced a first for the Premier League at the club’s Stadium of Light yesterday. Invest in Africa was unveiled as the club’s principal partner and shirt sponsor for the 2012/13 season. The...

  • Posted June 26, 2012
  • 0
• 
  Nigerian Stock Exchange Watch: Bearish sentiments prevail as ASI (-0.18%) Closes Down

  The All share Index shed 0.18% in today’s trading on the back of a bearish session without much activity across the major counters. Virtually every major sub-index closed in the red, Banking (-0.35%), Consumer Goods (-0.41%), and...

  • Posted June 25, 2012
  • 0
• 
  Oil Trades Below $80 For A Third Day On Economic Outlook

  Oil traded below $80 a barrel for a third day in New York after a report indicated that central banks will struggle to boost global economic growth, threatening demand for fuel. Futures slid as much as 0.6...

  • Posted June 25, 2012
  • 0