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Category: Economy

Business Economy

CBN consolidates forex market stability with $195m

Iheanyi Ejiofor October 23, 2017 headline

The Central Bank of Nigeria (CBN) on Monday, October 23, 2017, injected the sum of $195million into the inter-bank Foreign Exchange Market. Figures obtained from the Bank indicate that the…

Read More CBN consolidates forex market stability with $195m
Economy

FG to take over funds in banks not linked to BVNs

Iheanyi Ejiofor October 21, 2017 headline

Ebun Francis || A federal high court in Abuja presided over by Justice Nnamdi Dimgba last week granted the request by the attorney general of the federation, Abubakar Malami for…

Read More FG to take over funds in banks not linked to BVNs
Business Economy Maritime

NPA rebuffs INTELS pressure to restore contract, shops for new contractor

Iheanyi Ejiofor October 21, 2017 headline

— agency says decision is irreversible Funso Olojo || After two weeks of grandstanding by Intels Nigeria Limited over the termination of its multi-billion naira pilotage contract by the NPA…

Read More NPA rebuffs INTELS pressure to restore contract, shops for new contractor
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

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