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Category: Economy

Business Economy

CBN holds interest rate at ten year high

Iheanyi Ejiofor September 26, 2017 headline

The central bank of Nigeria’s Monetary Policy Committee (MPC) at the end of its monthly meeting in Abuja on Tuesday decided to hold the interest rate at 14%. The central…

Read More CBN holds interest rate at ten year high
Business Economy

Dangote Group to invest $4.6 billion in agriculture

Iheanyi Ejiofor September 25, 2017 headline

Aliko Dangote, the Chief Executive Officer, Dangote Group has said that the company would invest $4.6 billion in nation’s agricultural sector in the next five years. Dangote listed sugar, rice,…

Read More Dangote Group to invest $4.6 billion in agriculture
Economy Maritime

Customs takes on Turkey over spate of arm imports —as Ali meets Turkish Ambassador today

Iheanyi Ejiofor September 22, 2017

The Comptroller-General of Customs, Col.(rtd.) Hameed Ali, is billed to meet with the Turkish Ambassador to Nigeria today over the spate of arms imports which have been traced to the…

Read More Customs takes on Turkey over spate of arm imports —as Ali meets Turkish Ambassador today
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

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