Banks’ credit to manufacturers falls 26.8% to N5.19trn
The decline in outstanding credit does not establish whether it resulted from reduced new lending, loan repayments or other changes in banks’ credit portfolios
Naira depreciates to N360.83/$ at NAFEX
The Naira yesterday depreciated to N360.83 per dollar in the Investor and Exporter (I&E) Foreign Exchange Window, even as Nigeria’s external reserves hit $33.66 billion.
Oando declares N383.5bn turnover in Q3 2017, as debt reduces by N18bn
Oando Plc has recorded impressive third quarter 2017 financials as turnover increased by 16 per cent to N383.5 billion from N329.9 billion in comparative period of 2016.
Federation Account rakes in N797bn VAT revenue in 10 months
The Minister of Finance, Mrs. Kemi Adeosun, on Tuesday said about N797.51 billion revenue generated from Value Added Tax (VAT) between January and October was transferred into the Federation Account.
NNPC denies trying to influence, subvert Senate probe
The Nigerian National Petroleum Corporation, NNPC, Tueday, denied trying to influence members of the National Assembly and subvert the planned probe of its activities and its Group Managing Director, Mr. Maikanti Baru, by the senate.
$4.2bn claim by Turkcell “baseless”, “opportunistic” – MTN
MTN on Tuesday called a 4.2 billion-dollar claim by Turkcell in a South African court over a disputed Iranian mobile phone licence “opportunistic” and “baseless”, the company said on Tuesday after filing a defence plea.
