Economy
Discos paid N26.81bn for electricity in June – NBET
The Nigerian Bulk Electricity Trading Plc has revealed that market receipts remitted by Distribution Companies in June 2021 amounted to...
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Twitter ban remains, says NCC as Nigerians lose N220.36bn
The Twitter ban in Nigeria is still in effect according to the Director, Public Affairs, Nigerian Communications Commission, Dr Ikechukwu...
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Telecommunication Industry remains resilience amid regulatory changes, covid-19 pandemic
Agusto & Co recently released its 2021 Telecommunications Industry report which provides a comprehensive view of the Industry including the...
Read moreNIN: Nigeria’s subscriber base to shrink
The ongoing sync of the National Identity Number (NIN) with Subscriber Identity Module (SIM) will further reduce the number of...
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Event Management App, ‘eSprayMe’ Goes Live
A new event management mobile app and website, known as eSprayMe that will revolutionise the world of event management through...
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Tech4Dev Partners Sterling Bank to Enhance Women Employment in Tech
Building on its quest to grow a diverse and inclusive team, Sterling Bank has signed a Memorandum of Understanding with...
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Don’t increase electricity tariff, ActionAid urges NERC
A civil rights organisation, ActionAid Nigeria, has protested against the proposed upward review of electricity tariffs by the Nigerian Electricity...
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Agusto & Co. affirms the ‘A-’ rating assigned to Union Bank of Nigeria Plc., with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. affirms the “A-” rating assigned to Union Bank of Nigeria...
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Agusto & Co. affirms Rand Merchant Bank Nigeria Limited’s ‘Aa-’ rating, with a stable outlook.
The rating expires on 30 June 2022. The rating assigned to Rand Merchant Bank Nigeria Limited (‘RMBN’ or ‘the Bank’)...
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Agusto & Co. assigns a “Bbb-” rating to Globus Bank Limited, with a stable outlook
The rating expires on 30 June 2022. The rating assigned to Globus Bank Limited (“Globus Bank” or “the Bank”) is...
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Agusto & Co. affirms the A(f) rating assigned to First Ally Money Market Fund
The rating expires on 12 March 2022 The rating reflects the Fund’s low exposure to credit, interest rate and liquidity...
Read moreAgusto and Co. affirms the “BBB+(IM)” rating assigned to First Ally Asset Management Limited
The rating expires on 9 July 2022. The rating reflects the strength of the Manager’s Board of Directors, adequately experienced...
Read moreTelecoms sector attracts $3.9 billion foreign investments in five years
•Unstable macroeconomic environment impacting sector’s potential •NIN-SIM forces 6.3% decline in industry’s growth in Q1 2021 Between 2015 and 2020,...
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AIICO Pioneers Virtual Assistant in Insurance Business
AIICO Insurance Plc said it is taking its service delivery to a new level, with the launch of a new...
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PENGASSAN blames rising cooking gas price on forex
The Petroleum and Natural Gas Senior Staff Association of Nigeria has said that the greatest problem causing the rise in...
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Stakeholders Commend Nigerian Bottling Company’s Waste Management Initiatives
Leading stakeholders in Nigeria’s manufacturing and waste management sectors have applauded the Nigerian Bottling Company Limited (NBC), for its innovative...
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CBN engages British fintech to develop digital currency
The Central Bank of Nigeria, on Monday, announced the formal engagement of a global fintech company, Bitt Inc., as the...
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BUA, Turkish firm partner on 2,000tpd plaster plant
BUA Group has announced a partnership with MMM Erba Makina of Turkey on the supply of equipment for the construction...
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Lagos calls for patience over CMS-Marina rehabilitation
The Special Adviser to the Lagos State Governor on Central Business Districts, Mr Olugbenga Oyerinde, has appealed for patience and...
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WIMBIZ: Political Participation of Women Stands at 6.7%
A communiqué by the Women in Management Business and Public Service (WIMBIZ) has revealed that the national average of women’s...
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Kale retires, Buhari appoints Harry statistician-general
The President, Major General Muhammadu Buhari (retd.), has approved the appointment of Simon Harry as the Statistician-General of the Federation...
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Investments in 4G drops 7 per cent as NCC assures of 5G deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union...
Read moreAgusto & Co: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity Position in FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for...
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Telecoms: Nigeria’s data usage rises by 202% in three years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications Commission....
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CBN Approval Delays GTCO, Stanbic IBTC H1 2021 Audited Result
Guaranty Trust Holdings Company (GTCO) Plc has joined Stanbic IBTC Holdings Plc and United Bank for Africa (UBA) Plc to...
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