Datapro affirms Sterling Bank’s BBB+ status
Nigeria’s leading credit rating agencies (CRA), Datapro Limited has re- affirmed Sterling Bank BBB+ rating for the year 2016/2017. The BBB+ rating indicates that the bank has a fair financial strength, operating performance and business profile when compared to the…
NSE plans capacity building for market drivers
In line with its renewed moves to deepen the Nigerian capital markets, The Nigerian Stock Exchange (NSE or The Exchange) in partnership with the Exchange Traded Funds (ETFs) Issuers Vetiva Fund Managers Limited, Lotus Capital Limited and Stanbic IBTC Asset…
Naira extends gain against dollar
The Naira on Tuesday extended its gains against the dollar across the Forex market. The nation currency gained N4.06 at the interbank market to close at N304.75, from N308.81 posted on Monday. At the Bureau De Change window, the naira…
Citing veiled details, divided Senate trashes PMB’s plan to borrow $29.8bn
After days of announcements and build up by the Executive to borrow about $30bn to fund critical infrastructure and beat recession, the Senate this afternoon, Tuesday, November 1, 2016, threw away the executive bill on grounds of poor packaging. This…
Recession’s ghost hobbling e-transactions as PoS use plunge in Sept, Oct.
Research has shown that more impacts of recession are still being discovered as the day go by. Only recently, indications emerged that the state of the economy and recession in particular are now changing people’s mindset into believing that cash…
Nigerians may kick as CBN plans to link accounts with TIN
There are still some Nigerians that are still battling issues ranging from account blockage due to multiple names and change of names solution. This as the Central bank of Nigeria (CBN) is about concluding new policy that will force every…
Fears as foreign reserves bleed to 20.5% from $23.95bn on Oct. 27
Foreign currency reserves fell 20.5 percent year-on-year to $23.95 billion by Oct. 27, down 2.7 percent month-on-month, Central Bank of Nigeria (CBN) data disclosed on Monday. Indications were rife that the bank has been selling dollars to support the weakening…
Bankole calls for listing of blue-chip corporations on Exchange
Former Speaker of the Federal House of Representatives, Mr. Dimeji Bankole has called for the listing of big corporations operating in Nigeria on the floor of the Nigerian Stock Exchange (NSE). Speaking as a chief guest at the Gala Night…
Expert decries failure of ‘Cash back’ on PoS
Managing director of Global Accelerex a PTSP, Tunde Ogungbade has said that the failure of Cash back on PoS is not unconnected with poor awareness and Snell speed of deployment. He said one year after the scheme, there seems to…
Former CBN chief joins supporters of FG’s plan to borrow $29.9b
A former Central Bank of Nigeria (CBN) Director, Dr. Titus Okunronmu on Monday commended the Federal Government for its plan to borrow $29.9 billion to finance infrastructure development in the country. Okunronmu, an ex-staff of the CBN’s Budgetary Department, explained…
