DataPro, a leading technology-driven Credit Rating Agency, has in its latest report affirmed Providus Bank Plc’s long-term rating of “A-” with a Stable Outlook for the year 2021/2022. According to a statement by the rating agency, the “A-” indicates Low Risk and it indicates a very good financial strength, operating performance and business profile when…
The Central Bank of Nigeria has disbursed N68.13bn to beneficiaries under its 100-for-100 Policy on Production and Productivity since the commencement of the intervention. According to the bank, the CBN Governor, Godwin Emefiele, disclosed this in Lagos after the last Monetary Policy Committee meeting. “Furthermore, under the 100 for 100 Policy on Production and Productivity,…
Abbey Mortgage Bank’s customer deposits hit N21.2bn in 2021, signifying a 45.4 per cent increase from the previous year. The primary mortgage bank also grew loans and advances by 28 per cent to N6.2bn in the year under review. The bank disclosed this during its 30th Annual General Meeting where it presented financial results for…
Nigeria’s former Vice President and current presidential candidate of the Peoples Democratic Party, Atiku Abubakar, is not the owner of Mikano International Limited, the management of the firm announced on Sunday. It disclosed this in a statement signed by its Managing Director, Firas Mamlouk, as it denied reports that the generator firm was owned or…
Zenith Bank Plc has been ranked as the number one bank in Nigeria by Tier-1 Capital in the 2022 Top 1000 World Banks Ranking published by The Banker Magazine. For the 13 consecutive year, the bank retained its position as the number one Tier-1 bank in Nigeria with a Tier-1 Capital of $2.75bn, emerging as…
Dangote Industries Funding Plc has announced the completion of a N187.58bn Series 1 (Tranche A and Tranche B) Fixed Rate Senior Unsecured Bond Issue under its N300bn Debt Issuance Programme. The bond issue represents the largest local currency bond issuance by a corporate issuer in the history of the Nigerian debt capital markets, according to…
Abductors of Kaduna-Abuja train victims have released three from the remaining 43 victims in their custody. Bandits had on Sunday, flogged the 43 victims, threatened to Kidnap President Muhammad Buhari and Kaduna Governor Nasir El-Rufai. The three victims are two males and a female, may have been among those who received serious beating on Sunday….
The Nigerian Meteorological Agency (NiMet) has advised Nigerians especially those in Taraba state and some parts of the South Western areas to be wary of impending floods as a result of expected rainfall.Speaking on the recent days of rainfall in some parts of the country, the director general of NiMet, Prof Mansur Matazu advised Nigerians…
Peter Obi, the presidential candidate of the Labour Party, Peter Obi, on Monday offered a solution on how Nigeria can gradually end insecurity in the country. In an interview on Channels Television’s Politics Today, Obi said his solution to insecurity in Nigeria should be “decisive and immediate”, insisting the more people are removed from poverty,…
