BUSINESS

Fitch Affirms UBA’s Viability Rating as Agusto Upgrades Rating to “Aa”

-as UBA stock now best performing on the exchangeFitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset ...

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Reps ask FG to halt planned 100% electricity tariff increase

The House of Representatives on Wednesday urged the Federal Government to halt any plan to increase electricity tariff by 100 per cent in the country. This followed the unanimous adoption of a motion under matters of urgent public importance raised ...

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GTBank Gets Double Honours at Euromoney Awards

…Wins Best Bank in Nigeria & Best Digital Bank in Africa Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria & Best Digital ...

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NCC remits N70 Billion into Federation Account

As revealed in a statement by Mr Yakubu Musa, Special Assistant on Media to the chief executive of tThe Nigerian Communications Commission (NCC), the commission has remitted N70 billon into the Federation Account in the last one year.“This is in ...

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Dogara vows to strengthen capital market laws to sanction erring operators

Speaker, House of Representatives Yakubu Dogara on Friday said that the parliament would strengthen capital market laws to empower regulators to sanction erring operators. Dogara said this at a news conference in Lagos after ringing the closing bell at the ...

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Farmers urge relevant agencies to improve on storage facilities

Farmers have urged relevant agriculture agencies to improve on the nation’s produce storage facilities to achieve the Federal Government’s objectives of boosting food production. The farmers were reacting to the inauguration of the Presidential Committee/Task Force on Rice and Wheat to facilitate ...

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CBN: No need for panic withdrawals, no bank is in distress

Nigeria’s Apex bank, the Central Bank of Nigeria, CBN, has issued a statement affirming that contrary to ongoing rumours, the Nigerian banking industry remains very healthy with none of the player in the sector distressed.The CBN made this public in ...

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Fuel scarcity loom, as PENGASSAN begins nationwide strike

Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, on Monday, directed its members nationwide to embark on a strike from Thursday, following government refusal to address pending issues affecting the oil industry. The impending strike, as revealed by ...

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BREAKING: CBN takes over Skye Bank; CEO resigns

Following the decision of the Central Bank of Nigeria (CBN), to dissolve the existing boards of Skye Bank, Timothy Oguntayo, chief executive officer (CEO) of the troubled bank has resigned, with top management of the bank, including non-executive directors, resigning ...

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Lagos can never be Lagos without Gala and LaCasera

By Bayo AdeyinkaI should be in jail. Not once but many times over. More than half of the population of Lagos should also be in jail. And I think Governor Akinwumi Ambode would not have had the chance to be ...

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