Fitch Affirms Fidelity Bank Ratings with Stable Outlook Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report. The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. It said the upgrade reflects[Read More…]
Nigeria’s biggest oil pipeline records zero crude loss in May Crude oil production transported through the Trans-Niger Pipeline (TNP) into the Bonny terminal did not record any losses in May, a significant development considering that over 400 illegal connections were removed on the line in April. Analysts say this[Read More…]
Tinubu suspends EFCC chairman, AbdulRasheed Bawa The President, Bola Ahmed Tinubu has suspended the Chairman, Economic and Financial Crimes Commission, AbdulRasheed Bawa, from office. The suspension which is indefinite, is to allow for a thorough investigation into his conduct while in office following weighty allegations of abuse of office[Read More…]
TotalEnergies discovers oil, gas on OML102 offshore Nigeria TotalEnergies has discovered the Nkoton oil and gas on the Oil Mining Lease (OML) 102 offshore Nigeria. Country Communications Manager, Total Country Services, Charles Ebereonwu, disclosed this on Tuesday in a statement in Lagos, report from NAN Ebereonwu said the[Read More…]
L-R: Former Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Former Group CEO, Ecobank Transnational Incorporated (ETI), Ade Ayeyemi; Former Managing Director, Bank of Industry (BoI), Evelyn Oputu; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal and President, Africa Fintech Network, Dr. Segun Aina, during the Ecobank Adire Experience in Lagos at[Read More…]
Benjamin Kalu Emerges Deputy Reps Speaker A member of the House of Representatives representing Bende Federal Constituency in Abia State, Benjamin Kalu, has emerged the Deputy Speaker of the House of Representatives for the 10th National Assembly. The candidate of the All Progressives Congress (APC) emerged unopposed at the inauguration[Read More…]
Lafarge Africa Launches Policy Blueprint for Concrete Ideas Series, To Host 6th Edition Leading innovative and sustainable building solutions company, Lafarge Africa Plc has launched the Concrete Ideas Policy Blueprint, an analysis of insights and ideas discussed by stakeholders in the construction, infrastructure and housing industries during the first five[Read More…]
Godswill Akpabio sworn-in as Senate President of 10th NASS Former Governor of Akwa Ibom State, Godswill Obot Akpabio, has been sworn-in as the Senate President of the 10th National Assembly. Akpabio, a former minister of Niger Delta Affairs, garnered 63 votes to defeat his closest challenger, the former governor[Read More…]
Tinubu’s Democracy Day speech President Bola Tinubu on Monday addressed Nigerians in commemoration of 2023 Democracy Day with promises to respect rule of law and reward Nigerians for their sacrifices on subsidy removal. Read full speech below. TEXT OF DEMOCRACY DAY NATIONAL BROADCAST BY PRESIDENT BOLA AHMED TINUBU[Read More…]
Wema Bank Plc Launches Phygital Wema Bank Plc, the leading financial institution in innovation and technology, has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. “Phygital is the result of Wema Bank’s recognition that a segment[Read More…]
