Nigeria
Agusto & Co. hereby affirms the A-(IM) rating assigned to United Capital Asset Management Limited
The rating expires on 08 December 2022 Agusto & Co. hereby affirms the A-(IM) rating assigned to United Capital Asset Management Limited...
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Agusto & Co. assigns a ‘Bbb(NGR)’ and a ‘Bbb(GHA)’ rating to Coronation Insurance Plc, with a stable outlook
The rating expires on 30 June 2022. Agusto & Co. hereby assigns a ‘Bbb(NGR)’ and a ‘Bbb(GHA)’ rating to Coronation...
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Nigeria can Earn $200m, Create 2 million Jobs Annually from Agro Commodity Expansion Project
The National President of the Federation of Agricultural Commodity Association of Nigeria (FACAN), Dr. Victor Iyama, has said that Nigeria...
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NCAA to hike airlines’ operating license fee, plans major review
Aviation industry regulator-the Nigerian Civil Aviation Authority-is considering a major review of domestic airlines’ operating licence fees and other charges,...
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Transport fares jump by 283% amid rising fuel subsidy – NBS report
The average cost of bus transportation within Nigerian cities rose from N122.83 in January 2017 to N470.83 in December 2021,...
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5G not likely to interfere with aviation – Telecoms operators
The Association of Licensed Telecommunications Operators of Nigeria has said the likelihood of interference between the aviation industry and 5G...
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Stakeholders decry unimpressive growth of insurance industry
Stakeholders in the insurance sector have condemned the stunted growth of the industry in Nigeria, warning that urgent measures must...
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COVID-19: More Nigerians lose job, withdraw N30bn pension savings
The number of contributors who withdrew funds from their Retirement Savings Accounts, after losing their jobs, rose to 28,041 in...
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How to report your bank when displeased – CBN
The Central Bank of Nigeria has released a guide for bank customers and others on how and where they can...
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FG Revenue Will Rise by 15% Through VAT, Companies’ Taxes in 2022 – Agusto & Co.
A Pan-African Credit Rating Agency and Industry Research Provider, Agusto & Co. Limited has stated that Nigeria’s revenue will increase...
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FEC Okays N64.687bn Contracts for 16 Road Projects in FCT, Works Ministry
The Federal Executive Council (FEC) has approved contracts worth N64.68 billion for 16 road projects to be executed in the...
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Neutralising COVID, Defining A Legacy, and the Clanging Cymbals of Politics – Agusto & Co.
In 2022, the major themes that will dominate Nigeria’s economic landscape will be politics, the management of the fiscal deficit,...
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FG Eyes N1.5bn from Legal Metrology Services in 2022, Targets Banking, Power, Telecom Sectors,
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo has said that the federal government hopes to generate about...
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Senate grills NCDMB officials over $10bn Train 7 gas project
The Senate Committee on Local Content, on Wednesday, grilled the management of the Nigerian Content Development and Monitoring Board over...
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Prepare for unstable loan markets, IMF tells Nigeria, others
The International Monetary Fund has advised Nigeria and other developing economies with large foreign currency borrowings and external financing need...
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Petrol landing cost rises to N282/litre, oil hits $90
The upturn in global crude oil prices has pushed the landing cost of Premium Motor Spirit (petrol) imported into Nigeria...
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Stock Market Crosses N25trn Mark Amid Demand for Airtel Africa, Others
The stock market capitalisation of the Nigerian Exchange Limited (NGX) crossed the N25 trillion mark yesterday, supported by foreign investors’...
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Nigerian FinTech Records 100,000 Users on its Lending Platform
Nigerian FinTech, P2vest Technology Limited has announced that its peer-to-peer lending application, P2Vest has hit 100,000 users with access to...
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IMF retains 2022 growth forecast for Nigeria at 2.7%
The International Monetary Fund has retained its 2022 growth forecast for Nigeria at 2.7 per cent and increased 2023 projection...
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Stock Market Rebounds as CBN Maintains Status Quo on Rates
The stock market of the Nigerian Exchange Limited (NGX) gained N6 billion, even as Monetary Policy Committee (MPC) of the...
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FG probes online banks over breach of customers’ data privacy
The Federal Government has begun a probe of online banks over their alleged breaches of customers’ data privacy, it has...
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Federal workers’ pensions, gratuities gulp N208bn in seven months
The Federal Government has spent N208.21bn on payment of pension and gratuity arrears in seven months, a new Central Bank...
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FG Bows to Labour, Shelves Plan to End Fuel Subsidy from July
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has announced the resolve of the federal government to jettison...
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Oil falls 3% on investor concerns over rate hike
Oil prices fell about three per cent yesterday, hit by investor concerns over the possibility of quicker than expected interest-rate...
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5G deployment gets boost, CBN gives telcos forex priority
The deployment of fifth generation technology has got a boost as the Federal Government through the Central Bank of Nigeria...
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