GCR Upgrades Wema Bank Ratings, Revises Outlook
GCR Upgrades Wema Bank Ratings, Revises Outlook GCR Rating has upgraded Wema Bank Plc’s national scale long-term issuer ratings to BBB (NG) from BBB-(NG) and affirmed the short-term issuer rating…
Ways and Means Securitisation Responsible for N24trn Debt Rise – DMO
Ways and Means Securitisation Responsible for N24trn Debt Rise – DMO The Debt Management Office, says the rise in Nigeria’s public debt stock from N97.34 trillion in December, 2023 to…
Nigeria’s 10-Year Bond Attracts 21.50% Interest Rate
Nigeria’s 10-Year Bond Attracts 21.50% Interest Rate Nigeria’s 10-year bond was sold to asset managers, and other investors in the local debt capital market at spot rate of 21.50% at…
Naira Hits Old Red Line as FX Crisis Gets Messy
Naira Hits Old Red Line as FX Crisis Gets Messy The naira has hit the old red line of N1,490 per US dollar. Pressure on the Nigerian naira deepened across…
Recapitalisation: CSOs Uncover Counterplans to Stop FG’s Proposed Banking Reforms
Recapitalisation: CSOs Uncover Counterplans to Stop FG’s Proposed Banking Reforms The Coalition of Civil Society Organisations has alerted the Federal Government and CBN to an organised plot by some vested…
Reps Seek Increase in Budgetary Allocation to Science Research, Technology
Reps Seek Increase in Budgetary Allocation to Science Research, Technology The House of Representatives Committee on Science and Engineering has called on the Federal Government to increase budgetary allocation to…
FBNH, GTCO, 25 Others Drag NGX Down by N49bn
FBNH, GTCO, 25 Others Drag NGX Down by N49bn Selloffs on FBNH, GTCO and Lafarge WAPCO are among the decliners on the Nigerian Exchange (NGX) that dragged the local bourse…
Cholera Death Toll Rises to 29, Infections 579 in Lagos
Cholera Death Toll Rises to 29, Infections 579 in Lagos The Lagos State Commissioner for Health, Prof. Akin Abayomi, says fatalities from the state’s cholera outbreak have risen to 29…
Alleged N1.84bn Fraud: ICPC Arraigns REA Finance Director, Sambo
Alleged N1.84bn Fraud: ICPC Arraigns REA Finance Director, Sambo The Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Monday, arraigned Abubakar Sambo, Director of Finance and Account of…
Crude Oil, Fuel Laden Vessels to Berth in Apapa, Tincan Ports
Crude Oil, Fuel Laden Vessels to Berth in Apapa, Tincan Ports No fewer that five vessels laden with crude and diesel fuel will berth in Apapa and Tincan ports in…