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Category: Economy

Economy Maritime

Heritage bank withholds NPA’s N7.731.9 trl to shore up sagging capital base

Iheanyi Ejiofor November 20, 2017 headline

Funso Olojo Heritage Bank is holding on to the $21.3m(N7.731.9trl.) belonging to the Nigerian Ports Authority (NPA), according to investigation by Alabingo.com The funds, which was the balance of the…

Read More Heritage bank withholds NPA’s N7.731.9 trl to shore up sagging capital base
Business Economy

13 Fidelity Bank customers win N15m cash prizes

Iheanyi Ejiofor November 16, 2017

Thirteen customers of Fidelity Bank Plc on Thursday won N15 million in its “Get Alert in Million’’ Promo Reloaded. The News Agency of Nigeria (NAN) reports that 11 lucky bank…

Read More 13 Fidelity Bank customers win N15m cash prizes
Economy Maritime

Can Customs find honest man for its new fast track cargo clearance method?

Iheanyi Ejiofor November 16, 2017

Funso Olojo || The Nigeria Customs Service is currently on an ambitious search for an honest man in the manner of Diogenes, a Greek philosopher, who, in the streets of…

Read More Can Customs find honest man for its new fast track cargo clearance method?
Business Economy

Securities, term loans lift UBA performance in Q3

Iheanyi Ejiofor November 16, 2017 headline

Alabingo Finance Report || The United Bank for Africa (UBA) took advantage income from foreign exchange trading and term loans to corporate organizations to post a double digit profit-after-tax (PAT)…

Read More Securities, term loans lift UBA performance in Q3
Business Economy

Eurobonds account for a fifth of Nigeria’s $66.6 bn in foreign debt

Iheanyi Ejiofor November 15, 2017 headline

Eurobonds made up more than a fifth of Nigeria’s $66.63 billion foreign debt portfolio as of September and more than half of interest paid in the third quarter, the Debt…

Read More Eurobonds account for a fifth of Nigeria’s $66.6 bn in foreign debt

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