Economy
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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GDP rising, inflation falling, yet poverty worsening – Rewane
The Chief Executive Officer of Financial Derivatives Company Limited, Mr Bismarck Rewane, has said Nigeria’s Gross Domestic Product is rising...
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With A $3.9 Billion Foreign Investment in The Last Five Years, Nigeria’s Telecom Sector Holds The Key To Reviving The Economy
Between 2015 and 2020, Nigeria’s telecommunications sector attracted $3.9 billion in foreign investments (both portfolio and direct), accounting for an...
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GDP growth pointer to Nigeria’s resilience -Olawepo-Hashim
A former presidential candidate of the Peoples Trust in the 2019 elections, Mr. Gbenga Olawepo-Hashim, has described the latest growth...
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Nigeria’s green bonds market hits $136m as NGX lists potential
The value of Nigeria’s green bonds market has hit $136 million within three years with four issuances recorded since the...
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FCMB Emerges Best SME Bank in Africa
First City Monument Bank (FCMB) has emerged as Best SME Bank in Africa and Best SME Bank in Nigeria at...
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DMO offers September savings bonds for subscription
The Debt Management Office has opened the September savings bond offer to investors. The DMO said in a circular on...
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Telecoms Sector Attracted $3.9bn Foreign Investments To Nigeria In Five Years
Nigeria’s telecommunications sector attracted $3.9 billion foreign investments (portfolio and direct) between 2015 and 2020. This is according to the...
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Nigeria attracted $3.9bn telecoms investments in five years – Report
Nigeria’s telecommunications industry attracted $3.9bn in the foreign portfolio and direct investments between 2015 and 2020, according to a new...
Read moreTelecos to pay N200,000 for failing to verify NIN – NCC
The Nigerian Communications Commission has proposed a fine of N200,000 for mobile communications services providers that fail to verify and...
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NAICOM migrates online, advises underwriters to relate digitally
The National Insurance Commission (NAICOM) has announced the digitalisation of all its operations in a letter that was addressed to...
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Govt unveils two aircraft for data collection
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance mining data collection in Nigeria....
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