archiveJanuary 2021

Fitch Ratings has assigned Ecobank Nigeria Limited (ENG) a Long-Term Issuer Default Rating (IDR) of 'B-' with a Stable Outlook, Viability Rating (VR) of 'b-' and National Long-Term Rating of 'BBB (nga)'. The report, released on Thursday, noted that Ecobank Nigeria IDRs are driven by its standalone creditworthiness, as expressed...

The Managing Director, Ecobank Nigeria, Mr. Patrick Akinwuntan has said the bank’s newly sourced N50 billion credit will be deployed to support Micro, Small and medium scale enterprises (MSMEs) and small corporates in the country. He pointed out that the bank recognizes MSMEs as the drivers of post COVID-19 economic...

FMDQ Securities Exchange Ltd. has approved listing of the Nigerian Mortgage Refinance Company Plc (NMRC) Series 3 N10 billion fixed rate bond under its N440 billion bond issuance programme on its platform. The NMRC is a private sector-driven mortgage refinancing company with the purpose of promoting home ownership for Nigerians,...

  Former President of Nigeria, Olusegun Obasanjo has expressed delight, saying Junior Chamber International has reinstated his hope for a greater continent of Africa. Obasanjo made this known at the Africa and The Middle East National Presidents virtual meeting held on Saturday. The former President pointed that with the quality...

The National Bureau of Statistics (NBS) says Value Added Tax (VAT) increased by N29.98 billion from N424.71 billion generated in third quarter to N454.69 billion in fourth quarter, 2020 (Q4 2020). The NBS said this in its “Sectoral Distribution of Value Added Tax (Q4 2020)” obtained from its website on...

The Federal Government has scheduled the induction course for career and non-career ambassadors-designate and their spouses to hold between Feb. 8 and Feb. 10. The Permanent Secretary, Ministry of Foreign Affairs, Amb. Gabriel Aduda, said this in a statement by the ministry’s spokesperson, Mr Ferdinand Nwonye, on Wednesday in Abuja....

  Transactions on the nation’s bourse closed positive on Wednesday for the third consecutive day, appreciating further by 0.83 per cent. Speficially, the All-Share Index increased by 346.79 points or 0.83 per cent to close at 41,930.73 from 41,583.94 achieved on Tuesday. Also, the market capitalisation which opened at N21.753...

  The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector will still supply over 50 per cent of the global energy needs by 2045. Barkindo made that assertion while presenting a special address at S&P Global Platts Americas Petroleum...

 The Federal Controller of Works Lagos, Mr Olukayode Popoola on wednesday announced another three days of total shutdown of the Third Mainland Bridge for another round of delicate expansion joints replacement. Popoola told the News Agency of Nigeria (NAN) on telephone that the shutdown would take effect from midnight on...

President Muhammadu Buhari has said that the newly appointed service chiefs are aware of the expectations from Nigerians regarding security in the country. Buhari who had his first meeting with the service chiefs today said he reminded them that their loyalty is to Nigeria. He advised them to prioritise their...