Posted on March 29, 2009 by Fortune&Class
“He should be in prison,” Otedola said.
Not a few investors in the shares of Africa Petroleum Plc and other mainstream investors were scandalised with the sanctions considered appropriate by the Council of the Nigerian Stock Exchange in chastising the individuals and organisations that were involved in Nigeria’s most publicly denounced case of [...]
Filed under: BusinessNEWS | Tagged: africa petroleum plc, ap shares manipulation, bisi iyaniwura, business, cscs, dangote, equity price maniulation, eugene anenih, forbes, house of reps, imprisonment, investigate, investing public, legal issues, maintsream investors, news, newspaper, nova finance and securities, nse, open market fforces, otedola, paul usoro, prison, richest, SEC, senior advocate of nigeria, shares, stock market fall, travesty of justice, uncivic, unethical act | 1 Comment »
Posted on March 24, 2009 by Fortune&Class
Governor of Central Bank of Nigeria, Prof Chukwuma Soludo, may be fighting a lost battle in the foreign exchange segment of the money market. Since November 2008 when the value of the Naira, the national currency commenced a tail spin in a downward spiral that has become unrelenting, the CBN Governor had continued to [...]
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Filed under: BusinessNEWS | Tagged: CBN, naira, money market, business, prof. chukwuma soludo, akin akigbala, bank official, bank rate, banks officials, bureau de change operators, buy hard currencies, central bank new naira defence, currencies, foreign exchange, foreign exchange segment, forex round tripping, government officials, higher rate, murtala muhammed international airport, notable businessmen and women, official rate, policy measure, politicians, retail dutch auction, tempting template, Wholesale Dutch Auction market | 6 Comments »
Posted on March 24, 2009 by Fortune&Class
Governor of Central Bank of Nigeria, Prof Chukwuma Soludo, may be fighting a lost battle in the foreign exchange segment of the money market. Since November 2008 when the value of the Naira, the national currency commenced a tail spin in a downward spiral that has become unrelenting, the CBN Governor had continued to [...]
Filed under: BusinessNEWS | Tagged: CBN, naira, money market, business, prof. chukwuma soludo, akin akigbala, bank official, bank rate, banks officials, bureau de change operators, buy hard currencies, central bank new naira defence, currencies, foreign exchange, foreign exchange segment, forex round tripping, government officials, higher rate, murtala muhammed international airport, notable businessmen and women, official rate, policy measure, politicians, retail dutch auction, tempting template, Wholesale Dutch Auction market | 2 Comments »
Posted on March 8, 2009 by Fortune&Class
Nigeria may have the honour of having two of its citizens listed in the 2009 edition of the annual Forbes list of the world richest. Fortune&Class Weekly can report that Mr. Femi Otedola, Chairman of African Petroleum Plc and Zenon Oil and Gas would join Alhaji Aliko Dangote, the first Nigerian on the list [...] [...]
Filed under: BusinessNEWS | Tagged: 2009 forbes profile of billionaires, african petroleum plc, aliko dangote, business, Chevron Nigeria Plc, dantata, femi otedola, forbes magazine, fortune&class weekly, global economic crisis, maha atal, mrs holdings, mt lady doja, mt nana, mt sir michael, mt zenon conquest, news, nigerian stock exchange, niyi akinsiju, nse, Olusegun obasanjo, Zenith Bank, zenon oil and gas | 3 Comments »
Posted on February 28, 2009 by Fortune&Class
An under the table deal to acquire the shares of on suspension Afroil by Eternal Oil at the detriment of other shareholders in the company, has been exposed and reported to the Securities and Exchange Commission.
The SEC had in March 2008 announced the suspension in the trading of the shares of Afroil as a…
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Filed under: BusinessNEWS | Tagged: afroil, business, capital oil, eterna oil and gas plc, eternal oil, ishaq olakunle sanni, ks fund managers limited, news, nigerian stock exchange, nse, SEC, security and exchange commission, shareholders, shares manipulations, whistle blowers | Leave a Comment »
Posted on February 1, 2009 by Fortune&Class
The yarns still continues, but what it implies is that people now respect and trust government, it is the first requirement of democracy, it shows the connect between government and the governed. But I hope we would not be looking out for the image of Fashola in the sun that must be hurting.
Filed under: BusinessNEWS | Tagged: action group, agege motor road, ahmadu bello, alimosho local government area, assassinated military head of state, babatunde raji fashola, business, chief obafemi awolowo, fashola, keke marwa, lagos island, lagos-ibadan express road, lagosians, lasoke samuel akintola, mercy hospital, murtala muhammed, mythical, nnamdi azikwe, oshodi, patron saint, rumour mill, spiritual realms, tales by moonlight, tax officials, yoruba southwest | 1 Comment »
Posted on January 15, 2009 by Fortune&Class
Furthermore, strong majorities of respondents say the results of their initiatives met their expectations for speed, implementation cost, and gains in market share or efficiency.
Filed under: BusinessNEWS | Tagged: berkeley, business, companies, dan lovallo, decision-making disciplines, discussion, human resources, institute of management, investments, massimo garbuio, mckinsey global survey results, news, patrick viguerie, politics, revenue growth, university and research fellow, university of california, university of sydney | 1 Comment »
Posted on December 7, 2008 by Fortune&Class
A System can be defined as units or parts (sub-systems) that interact with each part or unit to function as a whole. The units or parts are designed in a manner that makes its operations optimal with less grid-lock and distractions or un-necessary overlapping that will create bottle necks or tardiness to function effectively so [...]
Filed under: BusinessNEWS | Tagged: brain, business, chairman of efcc, civil service, democratic government, dog role, dsp ogugbuaja, EFCC, europe, gen gowon, general obj, governance, human activities, i before you, ibb regime, institution, media, military regimes, mr. know all, nigeria, nigerians, nuhu ribadu, police, sani abacha, self regulatory, syndrome, system, thoughts, tv stations, united states of america | Leave a Comment »