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Category: Business

Business Economy headline

Why floating of Air Nigeria was suspended- Amaechi

Iheanyi Ejiofor May 23, 2019 No Comments #Why floating of Air Nigeria was suspended- Amaechi

Chidi Samel| Rotimi Amaechi, Nigeria’s minister of transportation on Thursday revealed why the federal government suspended the establishment of the proposed national carrier. Amaechi who made the disclosure at his…

Read More Why floating of Air Nigeria was suspended- Amaechi
Business Economy headline

Reps address Buhari’s concern, passes PIGB bill

Iheanyi Ejiofor May 23, 2019 No Comments passes PIGB bill

The house of representatives on Thursday passed the petroleum industry governance bill (PIGB) after removing the provisions President Muhammadu Buhari disagreed with while declining to assent to bill earlier. In…

Read More Reps address Buhari’s concern, passes PIGB bill
Business Economy headline

CBN, MPC holds interest rate 13.5%

Iheanyi Ejiofor May 21, 2019 No Comments cbnMPC holds interest rate 13.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) on Tuesday voted to keep the monetary policy rate at 13.5%. CBN governor, Godwin Emefiele who made the ddisclosure…

Read More CBN, MPC holds interest rate 13.5%
Business Economy headline

Nigeria’s GDP growth slows as oil sector contracts – Report

Iheanyi Ejiofor May 21, 2019 No Comments #Nigeria’s GDP growth slows as oil sector contracts

The National Bureau of Statistics (NBS) on Monday said Nigeria’s economic growth slowed as it recorded a gross domestic product (GDP) of 2.01 per cent in the first quarter of…

Read More Nigeria’s GDP growth slows as oil sector contracts – Report
Business Economy headline

Loan recoveries pushes Ecobank post-tax profit up 10% in Q1 2019

Iheanyi Ejiofor May 19, 2019 No Comments #Loan recoveries pushes Ecobank post-tax profit up 10% in Q1 2019

In spite of the tough operating environment, Pan-African lender, Ecobank rode on the back on significant loan recoveries made to grow its bottom-line in the first three months of 2019.…

Read More Loan recoveries pushes Ecobank post-tax profit up 10% in Q1 2019

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