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Category: Economy

Business Economy

Understanding the facts behind Innoson- GTBank Face Off

Iheanyi Ejiofor December 21, 2017 headline

The issue of the case between @innosonmotors and GTBank with other parties like the IGP, AGF, and EFCC is interestingly complicated. The reason why it might be confusing to many.…

Read More Understanding the facts behind Innoson- GTBank Face Off
Business Economy

Forex Market gets another $210m boost from CBN

Iheanyi Ejiofor December 19, 2017 headline

The interbank window of Nigeria’s Foreign Exchange market on Tuesday, December 12, 2017, received yet another boost of $210,000,000.00 from the Central Bank of Nigeria (CBN). According to figures obtained…

Read More Forex Market gets another $210m boost from CBN
Business Economy

Nigerian annual inflation slows for 10th month, to 15.90% -NBS

Iheanyi Ejiofor December 18, 2017

Emeka Ejere || Annual inflation in Nigeria slowed for the tenth month in a row in November, easing to 15.90 percent, the National Bureau of Statistics (NBS) said on Monday…

Read More Nigerian annual inflation slows for 10th month, to 15.90% -NBS
Business Economy

Dangote Cement shares trade in $350m off-market deal

Iheanyi Ejiofor December 18, 2017

Emeka Ejere || Some 550 million shares of Dangote Cement were sold at N225.7 each on Monday in a one-off stock market deal valued at $350 million, traders said. Traders…

Read More Dangote Cement shares trade in $350m off-market deal
Business Economy

Q3: Banks gave N15.8 trillion credit to private sector – NBS

Iheanyi Ejiofor December 18, 2017

Emeka Ejere || Deposit money banks in the country allocated credit facility worth N15.83 trillion to the private sector in the third quarter of 2017, a Nigerian Bureau of Statistics,…

Read More Q3: Banks gave N15.8 trillion credit to private sector – NBS

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