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Category: Economy

Economy

FG’s economic strategy will mitigate debt service risk – Adeosun

Iheanyi Ejiofor November 2, 2017 headline

The Minister of Finance, Mrs. Kemi Adeosun, has expressed confidence that the Federal Government’s revenue and debt management strategy would mitigate the country’s debt service risk and fast-track development. Adeosun,…

Read More FG’s economic strategy will mitigate debt service risk – Adeosun
Business Economy

How securities, interest income influenced Fidelity Bank better -than-expected Q3 2017 performance

Iheanyi Ejiofor November 1, 2017

Alabingo Finance Report || Fidelity Bank Shareholders are hopeful of a better dividend at the end of 2017 financial year as the lender surpasses bookmakers’ expectations in third quarter. The…

Read More How securities, interest income influenced Fidelity Bank better -than-expected Q3 2017 performance
Economy

FEC approves N40 billion for resuscitation of Kontagora Dam

Iheanyi Ejiofor November 1, 2017

The Federal Executive Council, FEC, on Wednesday approved N40.2 billion for the resuscitation and completion of Kontagora/Auna Dam and Irrigation project in Niger as well as N226 million for pests…

Read More FEC approves N40 billion for resuscitation of Kontagora Dam
Economy

Federation Account rakes in N797bn VAT revenue in 10 months

Iheanyi Ejiofor October 31, 2017

The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday, said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account.…

Read More Federation Account rakes in N797bn VAT revenue in 10 months
Business Economy

CBN pumps another $195m into Forex Market

Iheanyi Ejiofor October 31, 2017 headline

The Central Bank of Nigeria (CBN), on Tuesday, October 31, 2017, injected another $195 million into the inter-bank Foreign Exchange market. The apex Bank offered the sum of $100 million…

Read More CBN pumps another $195m into Forex Market

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