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All posts by Afolabi Ogunde

  • Cadbury Nigeria Appoints New Chief Executive

    Cadbury Nigeria Plc has notified The Exchange of the appointment of Mr. Emil Moskofian as its new Managing Director to replace Mr. Alan Palmer who resigned his appointment with the company with effect from May 31, 2012. A...

    • Posted June 25, 2012
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  • Fitch Upgrades Access Bank’s Ratings

    International Credit Ratings Agency, Fitch has upgraded Access Bank’s ratings from “B-” to “B” following the lender’s successful acquisition of Intercontinental bank. In its report, Fitch explained, “At the same time, the bank’s national long-term rating was...

    • Posted June 25, 2012
    • 0
  • Customer Service: Bank’s Refund Over N 5 billion in less than a month – CBN

    Following the creation of the Consumer Protection Department of the Central Bank of Nigeria, billions of Naira has been refunded to bank customers based on several thousands of complaints regarding the services rendered by the banks. The...

    • Posted June 25, 2012
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  • Air Nigeria May have its Planes Repossessed on Lease Defaults

    Embattled local air carrier, Air Nigeria may have several of its aircraft repossessed by the company it entered into lease agreement with due to its failure to honor its debt obligations in a timely manner. Air Nigeria...

    • Posted June 25, 2012
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  • Oil Marketer Drags Reps, EFCC to Court Over Subsidy Report

    Integrated Oil and Gas, one of the oil marketing companies indicted in the fuel subsidy report has dragged several government bodies including the Economic and Financial Crimes Commission (EFCC) and House of representatives to court. The company...

    • Posted June 25, 2012
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  • Gold Poised For Worst Week This Year As Silver Drops To 2012 Low

    Gold was set for its worst week this year after the U.S. Federal Reserve didn’t resume a debt purchase program even as the economy showed signs of slowing. Silver fell to the cheapest since December and platinum...

    • Posted June 22, 2012
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  • FBN Capital introduces Fixed Income Fund, Money Market Fund

    In its resolve to bolster wealth creation through specialized products, FBN Capital, the investment and asset management business of the FirstBank Group has launched two funds – the FBN Money Market Fund and FBN Fixed Income Fund....

    • Posted June 22, 2012
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  • Air Nigeria, Others Accused of Diverting N 300 billion Aviation Intervention Fund

    The National Assembly Joint Committee investigating the Dana Air crash has accused Airline operators of the country of diverting the N 300 billion Aviation Intervention Fund made available to the sector by the Central Bank of Nigeria...

    • Posted June 22, 2012
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  • Air Nigeria Suspended over Financial Distress, Charged to Court by FIRS over N 5 bn Back-taxes

    The Nigeria Civil Aviation Authority (NCAA) yesterday suspended the operations of Air Nigeria over alleged financial distress of the company which it says could affect the safety of the carrier. Air Nigeria spokesperson, Sam Ogbogoro confirmed the...

    • Posted June 22, 2012
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  • Senate Orders Arrest of Pension Reform Task Team Officials

    The Nigerian Senate has ordered the arrest of the Pension Reform Task Team officials for alleged fraud, embezzlement and misappropriation of funds. The arrest warrant covers the Chairman of the Task Team, Mr. Abdulrasheed Maina and two...

    • Posted June 22, 2012
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