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Category: Business

Business Economy

How UBA rode on forex stability to bolster performance in H1 2017

Iheanyi Ejiofor September 19, 2017

…Declares 56% PAT growth, 20 kobo interim dividend Alabingo Finance Report || United Bank for Africa (UBA) leveraged on the relative stability in Nigerian foreign exchange market to strengthen its…

Read More How UBA rode on forex stability to bolster performance in H1 2017
Business Economy

Forex: CBN goes tough on Banks, floods market with $545m

Iheanyi Ejiofor September 19, 2017 headline

The Central Bank of Nigeria (CBN) on Monday, September 18, 2017, threatened to sanction any Deposit Money Bank (DMB) in breach of its earlier directive of March 3, 2017 instructing…

Read More Forex: CBN goes tough on Banks, floods market with $545m
Business Economy

Nigeria inflation rate drops again to 16.01%

Iheanyi Ejiofor September 15, 2017 headline

Ebun Francis || Nigeria inflation rate dropped for the seventh consecutive time to 16.01% according to figures released by the National Bureau of Statistics (NBS) on Friday. According to the…

Read More Nigeria inflation rate drops again to 16.01%
Business Economy

Dangote bids for South African cement company

Iheanyi Ejiofor September 14, 2017

Dangote Cement, a member of Dangote group has approached South African cement producer, (PPC), for takeover bid, but talks are at preliminary stages, Media reported on Thursday. PPC is already…

Read More Dangote bids for South African cement company
Business Politics

The era of cheap petrol is here, says Kachikwu

Iheanyi Ejiofor September 1, 2017 headline

Ebun Francis || Dr Ibe Kachikwu, Nigeria’s Minister of Petroleum Resources on Thursday predicted that the era of cheap petroleum has arrived for Nigerians. The minister made the forecast while…

Read More The era of cheap petrol is here, says Kachikwu

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