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Category: Business

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
Business Economy

Inflation rate down for 8th consecutive month

Iheanyi Ejiofor October 17, 2017 headline

The consumer index report which measures inflation released by the National Bureau of Statistics on Tuesday shows that inflation dropped for the 8th consecutive time to 15.98% from 16.01%. According to…

Read More Inflation rate down for 8th consecutive month
Business Economy

UBA gross earnings hit N333.92 billion

Iheanyi Ejiofor October 16, 2017 headline

The United Bank for Africa (UBA) Plc on Monday announced gross earnings of N333.91 billion for the third quarter ended Sept. 30, 2017. This is according to the company’s third…

Read More UBA gross earnings hit N333.92 billion
Business Economy Maritime

Intels threatens NPA over termination of its multi-billion naira contract

Iheanyi Ejiofor October 16, 2017 headline

— vows to challenge termination in court —to cancel the $2.6billion Badagry deep seaport investment —NPA says decision is final Funso Olojo || The Nigerian Ports Authority(NPA)  and its long…

Read More Intels threatens NPA over termination of its multi-billion naira contract

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