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Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria’s leading digital-first non-bank financial services providers, has recently received an upgrade to its credit rating from Agusto & Co. to BBB+. According to Agusto & Co., “The upgrade reflects Credit Direct’s …

We are pleased to announce that the Central Bank of Nigeria has approved the merger between Providus Bank Limited and Unity Bank Plc, marking a significant milestone in the evolution of our respective institutions. This merger represents a strategic and complementary union that will leverage the strengths of both banks …

In a groundbreaking endeavour, a 14-year-old Nigerian art sensation, Kanyeyachukwu Tagbo-Okeke (Kanye) is attempting to set a new GUINNESS WORLD RECORDS™ for the largest artwork on canvas, measuring 10,000 square feet. The current world record is by an artist in Qatar, which measures 9,652 square meters. The project, titled “Impossibility …

·       strong earnings prospects from the new refinery GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its recent report also affirmed the national scale long-term issue rating of AA+(NG) accorded to each of …

FirstBank, the West African premier financial institution and financial inclusion services provider has emerged the winner of the prestigious Euromoney Award for Nigeria’s Best Bank in Environmental, Social, and Governance (ESG), reinforcing its position as a leader in sustainable banking and finance practices in its 130 years of existence. Following …

Nestlé Nigeria underscored its commitment to youth empowerment and skill development at the recent graduation ceremony of ten young trainees from its Technical Training Centre (TTC) in Agbara.   Since the program’s inception in 2011, the company has invested over six billion naira in upskilling young Nigerians, demonstrating its dedication …

  Dangote has continued to attract huge forex into the country through his pan-African operations as the half-year result for Dangote Cement indicates an increase in revenue from Pan-African operations by 139.9 per cent, growing to N807.1 billion as against N336.4 billion, reported in the corresponding period of 2023. The …

…To set up Situation room in Abuja A coalition of Civil Society Organizations (CSO) at the weekend said it would set up a situation room to monitor the compliance of the Nigeria National Petroleum Corporation Limited (NNPCL) to the presidential directive to sell crude oil to Dangote Refinery in Naira …

Contrary to the reports making the rounds by some online news blogs that Omolola Oloworaran, the newly appointed acting director-general of the National Pension Commission (PenCom), was sacked by First Bank of Nigeria, her former employee, findings revealed that it is fake news. Some news blogs had reported that Mrs. …

The Nigerian private sector moved back into contraction  territory in July as steep price pressures hit demand and  resulted in renewed reductions in both business activity  and new orders. Input costs and selling prices continued  to rise rapidly, although there were some signs that efforts  to secure sales resulted in …