Despite COVID-19 Harsh Conditions, Banks’ Profits Rise To N677bn       Despite the economic meltdown caused by the COVID-19 pandemic, the nine months 2020 financial results of 12 commercial banks have shown that they recorded a combined profit of N677.149 billion for the period that ended on...

Real Estate Sector Contracted By 8.06% In Q3         The real estate sector of the economy contracted by 8.06 per cent in the third quarter of 2020, according to latest figures obtained from the 2020 quarter report of the National Bureau of Statistics. Part of the report...

Aviation Sector Contribution To GDP Contracts By 38.86%       The Gross Domestic Product report released by the National Bureau of Statistics has shown that air transport under the transportation and storage sector contracted by 38.86 per cent in the third quarter of 2020. The subsector contracted by...

Nigeria’s Per Capita Income May Hit 40-year Low – W/Bank       The World Bank said on Monday that Nigeria’s per capita income could fall in 2020 to its lowest level in 40 years. The bank also raised concern about the debt service cost being incurred by the...

Nigeria’s Economy On Track Despite Recession – FG         The Federal Government has said that Nigeria's economy is still on track despite another recession the country entered into last Saturday. Finance, Budget and National Planning Minister, Mrs Zainab Ahmed stated this at the start of the 26th...

Insurance Sector Contracts By 16.54% In Q3       The insurance sector contracted by 16.54 per cent in the third quarter of 2020 financial period, latest figures from the National Bureau of Statistics have shown. The NBS revealed on Saturday that the sector which contracted by 28.15 per...