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Category: Business

Business Economy

CBN consolidates forex market stability with $195m

Iheanyi Ejiofor October 23, 2017 headline

The Central Bank of Nigeria (CBN) on Monday, October 23, 2017, injected the sum of $195million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank indicate that the…

Read More CBN consolidates forex market stability with $195m
Business Economy Maritime

NPA rebuffs INTELS pressure to restore contract, shops for new contractor

Iheanyi Ejiofor October 21, 2017 headline

— agency says decision is irreversible Funso Olojo || After two weeks of grandstanding by Intels Nigeria Limited over the termination of its multi-billion naira pilotage contract by the NPA…

Read More NPA rebuffs INTELS pressure to restore contract, shops for new contractor
Business Economy

N246.30bn generated as VAT in Q2 — NBS

Iheanyi Ejiofor October 20, 2017 headline

The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The bureau gave the figure in…

Read More N246.30bn generated as VAT in Q2 — NBS
Business Economy

Intels apologises to FG over termination of NPA contract

Iheanyi Ejiofor October 20, 2017 headline

Intels, the oil servicing, and logistics company linked with Nigeria’s former vice president, Atiku Abubakar has apologised to the federal government over the dispute that lead to the termination of…

Read More Intels apologises to FG over termination of NPA contract
Business Economy

Growth in interest income, FX push GTBank PAT Up 7.26% in Q3

Iheanyi Ejiofor October 19, 2017

Nigeria’s most capitalized commercial lender, Guarantee Trust Bank (GTBank) Plc reported a single digit upswing in its profit-after-tax in the third quarter 2017 financial result, buoyed by improved interest income…

Read More Growth in interest income, FX push GTBank PAT Up 7.26% in Q3

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