Fitch Ratings Agency has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B+’ with a Negative Outlook. According to a statement issued by the agency...
OPEC oil output dropped lower in July, as renewed unrest cut supplies in Libya and other members stepped up compliance with a production-cutting deal. A dip...
Managing Director, Nigeria Deposit Insurance Corporation (NDIC) Alhaji Umaru Ibrahim, has urged the Federal Government to pay more attention to issues of financial literacy and consumer...
American billionaire Warren Buffett’s Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares...
Federal Executive Council has approved the construction of Mambilla $5.8 billion hydroelectric power plant by a Chinese firm, China Civil Engineering Construction Corporation (CCECC). This fact...
Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard...
At the close of trading at the Nigerian Stock Market, the prices of shares traded in the market lost value for the third consecutive session as the...
The Kaduna State Government is working with a telecom company to mount 40 masts across the state to improve telecom services in 15 local government areas...
Access Bank managing Director Herbert Wigwe has said the bank has made a loan loss provision of N4 billion on its loan to troubled telecoms firm...
Germany’s Allianz Insurance plans to acquire majority stake in Ensure Insurance to pave for for it to gain access to the Nigerian financial market. It is...
