All posts by Afolabi Ogunde

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  Aruma Oteh Accused of Financial Crimes by SEC Board

  The board of the Securities and Exchange Commission (SEC) has alleged that the suspended Director-General, Ms. Aruma Oteh, used her personal account to receive and manage SEC 50th anniversary contributions in clear contravention of the Investment and...

  • Posted June 14, 2012
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  DANA Aircraft Was Insured for Combined Limit Risk of $ 350 million (N 56 billion)

  The National Insurance Commission (NAICOM) has ascertained that the ill-fated Dana aircraft was insured for a combined risk of $ 350 million (N 56 billion). The local underwriters led by Prestige Assurance have expressed their readiness to...

  • Posted June 14, 2012
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  Nigeria Should Brace for Economic Recession – Okonjo Iweala

  The minister of Finance, Dr. Ngozi Okonjo-Iweala has called on Nigerians to be more financially and fiscally prudent as the global economic downturn affecting Western countries will spill-over to Nigeria due to the falling price of oil....

  • Posted June 14, 2012
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  Nigerian Stock Exchange: Top Tier Banks, Forte Oil (+5%), Fidelity (+5%) Push ASI (+0.28%) Upwards

  The All Share Index (+0.28%) gained a third day due to a strong outing by the top tier banks. UBA (+3.26%), Zenith (+1.89%), First Bank (+0.95%), Access (+0.83%), and GTBank (+0.73%), all the top-tiers gained in the...

  • Posted June 13, 2012
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  NASCON Q1, 2012: Earnings N 3.3 billion (+52%), PAT (+72.3%)

  A Dangote salt production subsidiary, Nascon, released its Q1, 2012 unaudited financial statements to the Nigerian Stock Exchange today. Revenue came in at N 3.34 billion an increase of 51.7 % over the N 2.21 billion it...

  • Posted June 13, 2012
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  Facebook’s First Investor Peter Thiel has Paid Twenty More People To Skip School

  Tune in, drop out, start up. It worked out pretty well for Facebookfounder and Harvard dropout Mark Zuckerberg. Peter Thiel, one of Facebook’s first investors and a billionaire himself, announced a new class of ‘Thiel Fellows’ Wednesday, a group...

  • Posted June 13, 2012
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  MasterCard Supports CBN’s Cash-less Initiative

  MasterCard Worldwide has emphasised its support of the Central Bank of Nigeria’s (CBN) Cash-less Nigeria initiative, with Omokehinde Ojomuyide, Country Manager, West Africa, MasterCard Worldwide lauding the project as one that will set the standard for economies...

  • Posted June 13, 2012
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  WHO’s cancer agency: Diesel fumes cause cancer

  Diesel fumes cause cancer, the World Health Organization’s cancer agency declared Tuesday, a ruling it said could make exhaust as important a public health threat as secondhand smoke. The risk of getting cancer from diesel fumes is...

  • Posted June 13, 2012
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  BRIBERY ALLEGATION AGAINST AD-HOC COMMITTEE ON FUEL SUBSIDY: THE INTEGRITY OF THE REPORT CANNOT BE TREATED IN ISOLATION OF THE EMERGING FACTS

  PRESS STATEMENT ON BRIBERY ALLEGATION AGAINST THE HOUSE AD-HOC COMMITTEE ON FUEL SUBSIDY FUNDS: THE INTEGRITY OF THE REPORT CANNOT BE TREATED IN ISOLATION OF THE EMERGING FACTS The bribery allegations rocking the Farouk Lawan led Ad-hoc Committee...

  • Posted June 13, 2012
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  Chevron expects 28 new projects in Nigeria

  FOR the next three years, Chevron Corporation is expecting to launch 28 new projects with a Chevron share of capital of more than $250 million each (about N3.8 billion), from its areas of operation, including Nigeria, Angola...

  • Posted June 13, 2012
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