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Category: Economy

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
Economy Maritime

Stakeholder blames loose inspection regime for proliferation of arms imports

Iheanyi Ejiofor September 15, 2017

Funso Olojo || A maritime expert, Lucky Amiwero, has decried the destination inspection regime of cargo inspection as the cause of the proliferation of arms imports into the country. It…

Read More Stakeholder blames loose inspection regime for proliferation of arms imports
Business Economy

Nigeria inflation rate drops again to 16.01%

Iheanyi Ejiofor September 15, 2017 headline

Ebun Francis || Nigeria inflation rate dropped for the seventh consecutive time to 16.01% according to figures released by the National Bureau of Statistics (NBS) on Friday. According to the…

Read More Nigeria inflation rate drops again to 16.01%

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