Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Agusto & Co. affirms Wema Bank Plc’s ‘Bbb-’ rating, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby affirm the “Bbb-” rating assigned to Wema Bank Plc...
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Agusto & Co. affirms United Bank for Africa Plc’s ‘Aa-’ rating, with a stable outlook.
The rating expires on 30 June 2022. The rating assigned to United Bank for Africa Plc (‘UBA’ or the ‘Bank’)...
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Agusto & Co. affirms FSDH Merchant Bank Limited’s ‘A-’ national rating and assigns a ‘B-’ foreign currency rating, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. affirms FSDH Merchant Bank Limited’s (‘FSDH’ or ‘the Bank) national...
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Lagos Partners Ikeja Electric to Distribute 20,000 Meters
In a bid to increase power supply and provide uninterrupted power to its residents, the Lagos State Government has announced...
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Ten Banks OPEX Hits N932.26bn in H1 2021 Driven by Double-digit Inflation, AMCON Levy, Others
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that...
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5G, FG’s 70% broadband target will drive foreign investments – Agusto & Co
Agusto & Co recently released its 2021 Telecommunications Industry report, which provided a comprehensive view of the industry, including the impact...
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Petroleum Industry Act – A New Era For The Nigerian Oil And Gas Upstream Industry?
Introduced in 2007 to revamp the oil and gas sector, ensure an optimal level of transparency and accountability by strengthening...
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Agusto & Co. assigns an ‘A-’ rating and stable outlook to Linkage Assurance Plc.
The rating expires on 30 June 2022. Agusto & Co. assigns an ‘A-’ rating to Linkage Assurance Plc (‘Linkage’, ‘the...
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BDCs and $34bn Diaspora Remittances
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion...
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Nigeria: Report – How Covid-19 Pushed 11 Distribution Companies’ ATC&C Losses to 51% in 2020
The 11 electricity Distribution Companies (Discos) in Nigeria recorded 51 per cent Aggregate Technical, Commercial and Collection (ATC&C) losses in...
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Agusto and Co: The State of the Nigerian Electric Supply Industry
As the Electric Power Industry (the Industry) announced yet another review of electric tariffs in January 2021, after much deliberation...
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Agusto & Co. affirms the ‘A’ rating assigned to FBNQ MB Funding SPV Plc.’s ₦5 billion 3-year 10.5% Fixed Rate Senior Unsecured Bond, with a stable outlook
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘A’ rating assigned to the Series 1...
Read moreAgusto & Co. affirms the ‘A-’ rating assigned to FBNQ MB Funding SPV Plc.’s ₦8 billion 10-year 6.25% Fixed Rate Subordinated Unsecured Bond, with a stable outlook.
Agusto & Co. hereby affirms the ‘A-’ rating assigned to the Series 2 ₦8 billion 10-year Unsecured Bond (“the Issue”...
Read moreAgusto & Co. affirms FBNQuest Merchant Bank Limited’s ‘A’ rating, with a stable outlook.
The rating expires on 30 June 2022. The rating assigned to FBNQuest Merchant Bank Limited (‘FBNQ MB’ or ‘the Bank’)...
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Agusto & Co upgrades the rating of AXA Mansard Money Market Fund (‘AXA Mansard MMF’ or ‘the Fund’) to A+(f).
The rating expires on 23 August 2022. Agusto & Co. upgrades the rating of AXA Mansard Money Market Fund (‘AXA...
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Climate change may force 86 million Nigerians, others to migrate – World Bank
The World Bank has disclosed that 86 million people could become climate migrants in Nigeria, other Sub-Saharan countries by 2050....
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Report: How COVID-19 Pushed 11 Distribution Companies’ ATC&C Losses to 51% in 2020
The 11 electricity Distribution Companies (Discos) in Nigeria recorded 51 per cent Aggregate Technical, Commercial and Collection (ATC&C) losses in...
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N2trn power subsidy, interventions gulp 6% of CBN’s balance sheet –Report
Except urgent steps are taken, the balance sheet profile of the Central Bank of Nigeria(CBN) may dip further as a report...
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FG Borrowing Surges as T-bills Rates Peaks at 7.2%, Analysts Predict Sustained Increase in Rates
In a bid to attract lending from local investors, the federal government borrowing recorded its highest T-bills offering which has...
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Nigeria loses N247.61bn in 100 days of Twitter ban
The Twitter ban in Nigeria has extended to 100 days, and in that time frame, the nation has lost N247.61bn....
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Meet Olabode Agusto, founder of Nigeria’s first credit rating agency
Many people in Nigeria’s business space are familiar with the name Agusto & Co. Ltd, but maybe not with the...
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NACCIMA Commends FG’s Approval of 5G
The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has commended the federal government’s approval of the...
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Expert charts path to improved financing for African SMEs
Kyiara Technologies Limited in partnership with Factoring and Supply Chain Finance Limited has introduced a trade receivables platform, KYIARA, to...
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Smartphone vendors target affordable devices as market sees 2% Q2 growth
Feature phones shipment drops by 6.4%, market to shrink by 7% in Q3 Nigeria’s smartphone market grew two per cent...
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5G networks in sight as FG approves policy
The Federal Government has approved the National Policy for Fifth Generation network to boost the country’s digital economy. The approval...
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