Markets
Agusto & Co. hereby assigns a BBB-(IM) rating to Alpha Morgan Capital Managers Limited , with a stable outlook.
The rating expires on 1 August 2022. Agusto & Co. hereby assigns a BBB-(IM) rating to Alpha Morgan Capital Managers Limited (‘Alpha...
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Agusto & Co. affirms Parthian Partners Limited’s ‘Bbb‘ rating
The rating expires on 30 June 2022 Agusto & Co. hereby affirms the “Bbb” rating assigned to Parthian Partners Limited...
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Agusto & Co. hereby affirms the ‘A-’ rating assigned to United Capital Plc
The rating expires on 30 June 2022 Agusto & Co. hereby affirms the ‘A-’ rating assigned to United Capital Plc (“United...
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Agusto & Co. affirms the ‘Aaa(NG)’ rating to Nigeria Mortgage Refinance Company Plc’s Series II ₦11 billion Fixed-Rate Secured Bond
The rating expires on 15 March 2022 Agusto & Co. affirms the “Aaa(NG)” rating assigned to the Series II ₦11...
Read moreAgusto & Co. upgrades Nigeria Mortgage Refinance Company Plc’s rating to ‘Aa-’
The rating expires on 30 June 2022 Agusto & Co hereby upgrades the rating assigned to Nigeria Mortgage Refinance Company...
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Anticipated $3.4bn SDRs from IMF, $6.2bn Eurobond Issuance Lift Naira at BDC, Parallel Markets
Despite the suspension of supply of foreign exchange sales to Bureau De Change (BDCs) by the Central Bank of Nigeria...
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Agusto & Co. affirms the ‘A+’ rating assigned to Coronation Merchant Bank Limited, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. affirms the ‘A+’ rating assigned to Coronation Merchant Bank Limited...
Read moreAgusto & Co. affirms the ‘A’ rating assigned to Coronation MB Funding SPV Plc’s ₦25 billion Five-Year Fixed Rate
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘A’ rating assigned to Coronation MB Funding...
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287 Lagos retirees get over N1bn pension benefits
Lagos State Government says it has credited 287 Retirement Savings Accounts with over N1bn. The Director-General, Lagos State Pension Commission,...
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Banks Urged to Rise to Fintechs’ Challenge
A report on the Nigerian banking sector has stated that the current phase of rising interest rates in the Nigerian...
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Air Peace commences flight operations to Ilorin
In another development, Air Peace Limited has commenced daily flight operations to Ilorin from Lagos and Ilorin to Abuja. The...
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Nigerian crudes struggle for buyers as India cuts purchases – Report
Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s COVID-19 situation remains shrouded in uncertainty...
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Central Bank Digital Currency: Is ‘NIGCOIN’ possible?
The Central Bank of Nigeria’s policy on cryptocurrency is clear. On February 5, this year, the CBN posted a circular...
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Promoting Artificial Intelligence in Accounting Profession
In a world driven by ground-breaking scientific innovations, research findings have shown that the advent of technological inventions has influenced...
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High Inflation Hurting Mortgage Banks
The Managing Director of Infinity Trust Mortgage Bank (ITMB), Dr. Olabanjo Obaleye, has lamented the depreciation in the exchange rate...
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Akinfenwa: Technology Has Changed Face of Advertising
Ayodotun Akinfenwa is a brand/marketing communications consultant, corporate trainer and the CEO at Lifestyle Hues Brand Consulting. Before starting out...
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Fuel marketing companies suffer N331.54bn revenue drop
Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid...
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BUA’s profit rises to N72.3bn
BUA Cement Plc has said its profit after tax rose by 19.4 per cent to N72.3bn at the end of...
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Research, innovation necessary for economic diversification, says minister
The Minister of State for Science and Technology, Mohammed Abdullahi, has said for Nigeria to diversify economically, the country must...
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NNPC Streamlines Measures to Achieve $10/bl Production Cost Target
The Nigerian National Petroleum Corporation (NNPC) has taken a step further to achieve the $10 per barrel oil production cost...
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Oil price slumps to $63 as vaccine rollout stalls
The international oil benchmark, Brent crude, fell on Thursday for the fifth straight day to its lowest in two weeks...
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Foreign exchange inflow rises to $23.60bn
Aggregate foreign exchange inflow into the country in the fourth quarter of 2020 rose to $23.60bn from $21.46bn in the...
Read moreNigeria’s Crude Oil Production Declined by 19.6% in Q4
Nigeria’s crude oil production declined by 19.6 per cent to an average of 1.52 million barrels per day (mbpd) in...
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Experts Seek Regulation of Cryptocurrencies in Nigeria
Some economic experts have urged the Central Bank of Nigeria (CBN) to seek measures to regulate cryptocurrency transactions in the...
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Govt’ll consult widely before petrol subsidy removal – NNPC
The Federal Government is going to consult widely before halting subsidy on Premium Motor Spirit, popularly called petrol, the Nigerian...
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