Business

Global Investor Service, Moody’s credit rating agency, has downgraded Nigeria's local and foreign currency long-term issuer ratings and senior unsecured debt ratings to B3 from B2 and placed them on review for downgrade. The rating…

The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have formally announced the completion of a Share Purchase Agreement (SPA) for the acquisition of 100 per cent of the equity in Polaris Bank by Strategic…

Ayodele Olalere The Vice President (Expansion) of CashToken Africa, Adeoye Simi, on Tuesday, said the organisation, in partnership with Lagos State Government, has given out over N30million to Lagosians in the Eko Token Business…

Business magnate and President of Dangote Group, Alhaji Aliko Dangote, has identified priority investments in infrastructure and core industries among other recommendations, as vital panaceas to boost Nigeria's economy to its desired level…

Isaac Ombe, Yenagoa The Bayelsa State Government has rejected  a financial responsibility report on the sustainability of the 36 states of the federation by BudgiT. In a statement titled: ‘BudgiT Report: Our Position’, issued by the…

The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that it will defer payments to fuel importers for 3 months. This, NNPCL CEO, Mele Kyari said became necessary following dwindling revenue triggered by oil production…

The Federal Government’s total debts and contingent liabilities have hit N60.9 trillion even as the figure could balloon to near N65 trillion before the end of the year, as President Muhammadu Buhari-led administration scrambles for any…

Dangote Sugar Refinery Plc is poised to significantly reduce the importation of sugar into the country by 40 per cent. The reduction will pave way for the employment of over 30,000 Nigerian youths. Aliko Dangote, President of Dangote…

The Federal Government may have to borrow about N11.3 trillion to fund expenditure in the 2023 budget as the deficit is projected to be at most, over 12.41 trillion next year or at least, N11.3 trillion which is over 100 per cent of the…

To be in the league of industrialised nations, Nigeria needs to generate 206,000 megawatts of electricity. The country currently generates a meagre 5,615 megawatts. The Editor-in-Chief of the African Centre for Development Journalism,…