States Internally Generated Revenue (IGR) including the Federal Capital Territory (FCT) dropped to ₦264.38 billion in the third quarter of 2018 (Q3 2018) compared to ₦279.78 billion in the preceding quarter, according to the National Bureau of Statistics (NBS). The figure indicated a negative growth of 5.08 per cent quarter on quarter. According to Internally […]
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Sovereign Trust Insurance Plc said its gross premium written grew by 27 per cent by ₦2 billion, from ₦7.3 billion in third quarter of 2017 to ₦9.3 billion in third quarter of 2018. In a statement on Monday from the Assistant General Manager, Corporate Communicatios and Brands Management, Mr Segun Bankole, the company’s net premium […]
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The nation’s federally collected revenue for the third quarter of this year rose by 8.9 per cent to ₦2.52 trillion, compared to the previous quarter, the Central Bank of Nigeria has said. The CBN, in its economic report for the third quarter of 2018 released on Monday, said, “Federally collected revenue, at ₦2.52 trillion, in […]
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Pan African financial institution, United Bank for Africa Plc, has announced its unaudited 2018 Financial Results, showing impressive growth in gross earnings, of 12.3 to ₦374.8 billion, increase from the N333.9 billion posted d in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange(NSE) on Tuesday, UBA’s net operating […]
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The Central Bank of Nigeria’s (CBN) Credit Condition Survey for the third quarter (Q3) has revealed that the overall availability of credit to the corporate sector increased in the period under review. The report, which was posted on the central bank’s website at the weekend, anticipated further increase in credit in Q4 2018. The CBN […]
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A new national minimum wage will be announced before the end of the year, if the word of the Minister Labour & Employment, Dr. Chris Ngige, is anything to go by. The 30-member tripartite committee chaired by former Head of Service of the Federation Ms. Amal Pepple is billed to conclude its assignment by the […]
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Nigeria spent a total of $197.29 million to service foreign debts in the third quarter of this year, the Debt Management Office said on Wednesday. Statistics obtained from the DMO in Abuja showed that multilateral sources accounted for 30 per cent of the country’s debt servicing commitment in the third quarter of the year. The […]
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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 […]
Read More The National Bureau of Statistics ( NBS ) has said Nigeria’s total exports in the third quarter of 2017 stood at ₦3.57 billion, showing 13.19 per cent increase over the amount recorded in the second quarter. The NBS stated this in “Foreign Trade Statistics for the Third Quarter 2017’’ posted on the bureau’s website. The […]
Read More The National Bureau of Statistics on Wednesday released the Value Added Tax sectoral distribution report for the third quarter of this year with the country recording a total VAT revenue of ₦250.56 billion. When compared with the ₦246.3 billion VAT revenue that was generated in the second quarter of this year, the ₦250.56 billion represents […]
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Driven by increased crude oil production and sustained growth in agricultural output, Nigeria’s economy grew by 1.4 percent to N29 trillion in the third quarter of the year (Q: 3 2017), from 0.7 percent in the second quarter of the year (Q2: 20170). National Bureau of Statistics, NBS, disclosed this, yesterday, in its Gross Domestic […]
Read More Abu Dhabi National Energy Company (TAQA) reported on Thursday a narrower loss in the third quarter from a year earlier, after small profits in the previous two quarters. The state-owned oil explorer and power supplier made a loss attributable to shareholders of 194 million dirhams ($52.8 million) in the three months ended Sept. 30, it […]
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