Niger Delta: FG promises low interest rate to investors

In a bid to  fast track  the  economic  diversification  and  industrialisation  of  the  Niger  Delta  region,  the  Federal  Government,  has  promised  investors  in  the  region  one  digit  interest  rate  for  loans  from  financial  institutions. The Ministry of Niger Delta Affairs, disclosed the development in a statement made available to Daily Sun in Abuja. According to…

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Transcorp posts 158% growth in profit

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced financial results for its third quarter ended September 30, 2017. The Group Profit after Tax (PAT) for Q3 2017 improved by 158 per cent year on year-on-year (YoY) to N8.2billion. The conglomerates income statement revealed a Q3 2017 revenue of N56.76billion, significant growth…

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FG generates N246.3 bn VAT in Q2 –NBS

The National Bureau of Statistics (NBS) says it generated N246.3 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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