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Category: Economy

Business Economy

How interest income, securities boost Fidelity Bank H1 2017 performance

Iheanyi Ejiofor September 20, 2017

Alabingo Finance Report || While many commercial lenders cut down their risk assets due to the non-performing loans (NPLs) challenge bedeviling the Nigeria’s banking industry, Fidelity Bank rode on the…

Read More How interest income, securities boost Fidelity Bank H1 2017 performance
Business Economy

Nigeria must produce 5 of the 12 million Jobs needed in Africa -Dangote

Iheanyi Ejiofor September 20, 2017 headline

Ebun Francis || The CEO of Dangote Group and Africa’s richest man, Aliko Dangote on Wednesday in New York said that the only way to wean African countries away from…

Read More Nigeria must produce 5 of the 12 million Jobs needed in Africa -Dangote
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
Economy

National Assembly to get 2018 Budget by October – Presidency

Iheanyi Ejiofor September 17, 2017 headline

Nigeria’s 2018 Appropriation Bill will be submitted to the National Assembly in October. Ita Enang, Special Adviser to President Muhammadu Buhari on National Assembly Matters (Senate), gave the assurance when…

Read More National Assembly to get 2018 Budget by October – Presidency

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