Business

Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a Stable Outlook. In a statement released on Friday, Fitch …

 Access Bank MD, Roosevelt Ogbonna   The Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offences Court for allegedly stealing the sum of N3.5 billion from Access Bank. The News Agency of Nigeria (NAN) reports that the three men are Michael Igbomins, David Onyeike and Moses …

…Says even ordinary Nigeria Vice-President’s residence takes 14 years to complete. The Senate leadership yesterday described the 650,000bpd Dangote Petroleum Refinery as the 9th wonder of the world but came hard on those who are skeptical of the completion of Dangote Petroleum Refinery describing them as dream killers. Indeed, the Senate …

Pay TV provider, MultiChoice Nigeria, owners of DSTV, GOTV has kicked against the N150m fine slammed on it by the Competition And Consumer Protection Tribunal (CCPT) for challenging the court’s jurisdiction This is even as it disclosed that it will appeal the ruling of the tribunal. It was reported that on Friday, the tribunal …

Former Lagos State Attorney General and Commissioner for Justice, Mr. Adeniji Kazeem, SAN is set to unveil a new book titled “The Nigerian Law of Electronic Transactions” on June 11 in Lagos. In a statement by Adeniji Kazeem & Co. on Friday, the Attorney-General of the Federation (AGF) and Minister …

The European Union and the United Nations Development Programme (UNDP) in Nigeria have hosted a world premiere of the feature film “Deafening Silence” which is a result of the EU-UN Spotlight Initiative that advocates for gender equality and women empowerment in Nigeria. The Spotlight Initiative aligns strongly with the Government …

…Confirms Stable Financial Outlook for the Bank Following its strong 2023 financial performance, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has received an upgraded rating from Agusto & Co, validating the Bank as Bbb+ rated with an ESG Score of 2 and …

The Nigerian government has received $925 million from Afrieximbank as the Naira appreciated against the Dollar on Thursday. Afreximbank announced an additional disbursement of $925m under the syndicated $3.3 billion crude oil-backed prepayment facility organized by the Nigerian National Petroleum Company Limited. The development comes at the same time the …

They were arraigned alongside TSTV and another company, Briechberg Investment Limited on 9-count criminal charges. The Economic and Financial Crimes Commission (EFCC) has dragged two Chief Executives of the Telecom Satellites Limited (TSTV) before the Federal High Court sitting in Abuja over alleged tax evasion, money laundering and advanced fee …

The National Drug Law Enforcement Agency (NDLEA) Kaduna State Command, said its operatives  arrested 110 suspects and recovered 520.385kgs of illicit substances in the month of May. Its Commander, Mr Samaila Danmalam, disclosed this to the News Agency of Nigeria (NAN) on Friday in Kaduna. Danmalam said, “The command in …