DMO warns FG against borrowing above $22.8bn in 2017
The Debt Management Office (DMO) has advised the Federal Government not to borrow above $22.08 billion in 2017. It gave the recommendation yesterday in its 2016 Debt Sustainability Analysis (DSA) report. In the report, DMO stated that the end-period on…
Ambode mulls economic team as Lagos becomes 5th largest economy in Africa
Lagos State Governor, Akinwunmi Ambode yesterday expressed joy at the emergence of Lagos as the fifth largest economy in Africa. To deepen the advantage, he said his administration is in the process of setting up an Economic Management Team comprising…
Anxiety as Buhari seeks NASS approval to borrow $30bn
Indication emerged yesterday that recession is closing in on the crescendo as President Muhammadu Buhari has asked the National Assembly to approve his administration’s external borrowing plan of $29.960bn for the execution of key programmes and infrastructural projects across the…
Fidelity Bank launches ‘Get Alert in Millions Savings Promo’
Fidelity Bank Plc has unveiled its sixth promo tagged ‘Get Alert in Million Savings Promo” as part of its promise in helping to enrich its customers with the culture of savings. The campaign is also designed to continue to keep…
NSE welcomes the initiatives Plc to ASEM
Efforts by The Nigerian Stock Exchange (NSE or The Exchange) to encourage indigenous firms to list their shares on its market has been bolstered with the listing 889,981,552 ordinary shares of The Initiatives Plc ( TIP) of 50 kobo each….
Zenith Bank sustains lead, records N380b gross earnings in Q3
More indications have emerged showing that current hard times facing every institution in the country may have been contained by leading banking institution, the Zenith Bank Plc considering its latest results showing a posted N380 Billion gross earnings for Third…
FCMB gives insights on delayed filling of Q3 accounts
The First City Monument Bank (FCMB) Group Plc is to release its nine months ended 30 September 2016 (3Q16) accounts before the end of November, this year. Notifying the Nigerian Stock Exchange (NSE), the Bank explained that “FCMB Group Plc…
Fitch Rates Access Bank’s Senior Notes ‘B’
Global banking rating group, Fitch Ratings has assigned Nigeria-based Access Bank Plc’s (Access) issue of USD300m 10.5% senior unsecured notes due 2021 a ‘B’ rating. The Recovery Rating is ‘RR4’, which denotes average recovery prospects given default. The notes were…
UBA hits double at Finacle Awards
United Bank for Africa Plc has received global recognition for using cutting-edge technology to provide simple and convenient banking services to its customers. The lender said it was adjudged winner in two categories at the recently concluded Finacle Client Innovation…
NIPOST may begin banking services soon—FG
Indication has emerged that the federal Government is set to give banking licence to the moribund NIPOST as a way of returning the federal agency to relevance after innovative telecoms services have pushed it out of service. Experts say, NIPOST…
