Agric sector records 3.15% growth in GDP to 11.87trn
The agricultural sector comprising crop production, livestock, forestry, and fishing recorded a 3.15 per cent, year-on-year growth in real Gross Domestic Product (GDP) to N11.87 trillion in the first quarter of 2026 (Q1’26) from N11.51 trillion in Q1’25.
Stanbic IBTC records N32bn gross earnings
Stanbic IBTC Bank Plc has recorded a 13 growth in gross earnings, for its half year 2011 financial performance.
Reforms: Firm positive on Nigeria’s economic growth
Niger Insurance Plc’s management has elicited optimism on the ongoing reforms in the nation’s financial services sector.
NSE suspends Dangote Flour Mills, 23 others
The Nigerian Stock Exchange, NSE, has suspended trading on the shares of Dangote Flour Mills, Union Dicon Salt Plc, Etranzact Plc and 21 other companies for their failure to submit their financial statements for the year 2010.
Contractors handling Ajaokuta project have no knowledge of steel
RECENTLY, the Nigerian Institute of Welding (NIW) paid a courtesy call to Vanguard.
MMIA Custom’s Command generates N16bn in six months
Customs Area Controller, Murtala Muhammed International Airport Command of Nigeria Custom Service (MMAC), Mr. Michael Adedeji Adewole, has disclosed that the custom service generated about N16billion in the first six months of the year into the federation account stressing that its target is to make about N42billion by the end of 2011.
Ministry seeks CBN’s intervention on housing finance
In a bid to fashion out a way of providing housing finance that would make low cost houses available to low income earners in the country, the Federal Ministry of Lands, Housing and Urban Development has initiated a discussion with the Central Bank of Nigeria (CBN) and other relevant stakeholders.
Investment in FGN bonds declines, trading dips by 3.5%
Investors’ interest in Federal Government of Nigeria’s, FGN, Bonds declined last week, as the volume and value of bonds traded in the Over-the-Counter, OTC, market both dipped by 3.54 per cent and 4.29 per cent respectively.
N36.5b suit: Firm replies Oceanic Bank, denies withdrawal by Project manager
Suru Worldwide Ventures Limited, a Lagos-based hotel and property development firm, at the weekend denied claims by Oceanic Bank International that a staff of the company, appointed project manager, authorised withdrawals from the company’s account to pay for services rendered by contractors.
Naira loses 18k as demand falls by 19%
The naira depreciated by 18 kobo, Monday, at the official market in spite of 19 per cent decline in demand for foreign exchange.
Oceanic, Ecobank sign merger agreement
Ahead of the Central Bank of Nigeria’s, CBN, September 31 deadline for the recapitalisation of rescued banks, Oceanic Bank International Plc, yesterday, announced that it has entered into Transaction Implementation Agreement, TIA, with Ecobank Transactional Incorporated, ETI. The merged entity may eventually become third largest bank in the country.
