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Category: Economy

Business Economy

N246.30bn generated as VAT in Q2 — NBS

Iheanyi Ejiofor October 20, 2017 headline

The National Bureau of Statistics (NBS) says that N246.30 billion was generated as Value Added Tax (VAT) in the second quarter of the year. The bureau gave the figure in…

Read More N246.30bn generated as VAT in Q2 — NBS
Economy headline

How I will spend my $250,000 World Food prize money — Adesina

Iheanyi Ejiofor October 20, 2017 headline

Nigeria’s image received a boost on Thursday before the international community as former Agriculture Minister Akinwumi Adesina formally received the 2017 World Food Prize (WFP) Laureate award in the U.…

Read More How I will spend my $250,000 World Food prize money — Adesina
Business Economy

Intels apologises to FG over termination of NPA contract

Iheanyi Ejiofor October 20, 2017 headline

Intels, the oil servicing, and logistics company linked with Nigeria’s former vice president, Atiku Abubakar has apologised to the federal government over the dispute that lead to the termination of…

Read More Intels apologises to FG over termination of NPA contract
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

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