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Category: Economy

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
Economy

NNPC did not award any $25bn NNPC contract- Presidency

Iheanyi Ejiofor October 15, 2017 headline

Chidi Samuel || The Presidency once again on Sunday said that the Buhari administration never awarded any contract for $25 through the Nigeria National Petroleum Corporation as being reported by…

Read More NNPC did not award any $25bn NNPC contract- Presidency

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