The National Bureau of Statistics (NBS), says Pension Fund Asset (PFA) in the second quarter stands at ₦8.232 million as against ₦7.943 million recorded in the first quarter. The NBS disclosed this in its “Pension Asset and Membership Data (Q2 2018)” report released in Abuja. According to the report, the Federal Government of Nigeria (FGN) […]
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The National Bureau of Statistics (NBS) says a total of 509,668,433 transactions valued at ₦32.90 trillion was recorded in the banking sector during the second quarter. The NBS stated this in its “Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength (Q2 2018)’’ report released in Abuja. According to the report, […]
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Importation of refined petroleum products into Nigeria declined to 5.3 billion litres in the second quarter of 2018, Q2’18, showing a drop of 15.3 percent from 6.149 billion litres recorded in the Q1’18. In its latest report released yesterday, the National Bureau of Statistics, NBS, indicated that 4.79 billion litres of premium motor spirits (PMS), […]
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Diamond Bank has released its second quarter un-audited financial report for the period ended June 30, 2018 to the management and stockbrokers of the Nigerian Stock Exchange (NSE), emphasising its strong focus on the Nigerian market, especially the retail business segment through its digital penetration strategy. The report showed that the Bank’s digital strategy is […]
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Nigeria’s external reserves rose by $1.91 billion in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange reserves stood at $36.86bn as of December 14, up from $34.95 as of November 30, the latest data obtained from the CBN showed on Friday. The analysts at […]
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Japan’s Panasonic Corp reported a 6 percent increase in second-quarter operating profit on Tuesday, beating analyst estimates, as it began to tap growing demand for electrification from automakers. The electronics maker said July-September profit rose to 112.7 billion yen ($939.79 million) from 106.3 billion yen a year earlier. That compared with a Thomson Reuters Starmine […]
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The National Bureau of Statistics, NBS, says it generated ₦246.3 billion from Value Added Tax, VAT, during the second quarter of the year. The bureau gave the figure in its “Sectoral Distribution of Value Added Tax” for the Second Quarter released on Friday in Abuja. It stated that the value generated in the quarter was […]
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After suffering contraction for five consecutive quarters, the Nigerian economy is now officially on the rebound as the National Bureau of Statistics NBS in its second quarter Gross Domestic Product Q2 GDP report Tuesday announced Nigeria’s exit from recession. According to the report, the economy grew at 0.55 per cent (year-on-year) in real terms, in […]
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U.S. productivity grew more than expected in the second quarter as hours worked rose at their fastest pace in 1-1/2 years, leading to a modest increase in labor costs that could keep inflation muted in the near term. The trend in productivity, however, remains weak, suggesting robust economic growth will be hard to achieve. President […]
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May & Baker Nigeria Plc said its profit before tax rose by 215 per cent to ₦139.5m in its half-year financial result of 2017, from ₦44.2m recorded in the corresponding period of 2016. According to a statement obtained from the firm on Monday, the firm’s operating profit also rose by 57 per cent. The firm […]
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United Arab Emirates-based telecoms operator Etisalat posted a 14.7 percent drop in second quarter net profit attributable to shareholders as impairments rose, its full financial report showed on Thursday. The country´s largest telecoms operator issued a statement on Wednesday to say its net profit rose 6 percent, but it did not provide a breakdown of […]
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