Leading ratings agency, S&P Global, has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency, in a letter, dated 29 January 2021, stated that its outlook reflected the expectation that the African Development Bank (AfDB) would, over the next two years, “prudently manage its […]
Zenith Bank Plc has emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2021. With the latest ranking, retains its position as the number one banking brand in Nigeria with a value of $275 million, moving up two places from 392 in 2020 to 390 in the […]
The Debt Management Office (DMO) has offered for subscription two years and three years Federal Government Savings Bonds at N1,000 per unit. A circular published on DMO’s website indicated that the two years bond with Feb. 10, 2023 as due date would attract an interest rate of 4.214 per cent per annum while the three-year […]
Most analysts in the nation’s economic space have endorsed the just enacted Finance Act 2020 in view of its great potential to transform the nation’s economy and reposition it on the path of sustainable growth in the years ahead. The support was confirmed in a survey by leading professional services firm, PwC Nigeria, during its […]
The Agency for Air Navigation Safety in Africa and Madagascar, ASECNA, the Nigerian Communications Satellite Ltd, NIGCOMSAT and Thales Alenia Space, joint venture between Thales (67 %) and Leonardo (33 %) joint efforts to accelerate Satellite-Based Augmentation System (SBAS) development for aviation in Africa. Following the broadcast of a SBAS signal over Africa & Indian […]
Nigeria’s Debt Management Office (DMO) has disclosed that the country’s 6.75% USD500 million January 2021 Eurobond, which matured on January 28, 2021, will be redeemed. To facilitate the timely redemption, the Federal Government has made funds available to DMO to repay both the principal sum of USD500 million and the accrued interest. The 6.75% USD500 […]
Mouka has given out 54 brand new trucks and other valuable gifts to its business partners who have demonstrated a high level of commitment to its growth trajectory as part of its efforts to grow their businesses. The trucks were presented at this year’s Business Partners’ awards ceremony held at the company’s corporate head office […]
“Many employees don’t outgrow their current role but desire to be given higher responsibilities, a higher budget to manage, and a higher salary. When they see other colleagues get promoted, they rationalize it away by claiming that nepotism or the favoritism card was played.”
There are strong indications that South Africa may be compelled to revise its tax targets upwards as experts foresee the country’s budget shortfall accentuating for a second consecutive year. According to the median estimate of 13 economists in a Bloomberg Survey , South Africa’s budget deficit is projected to reach 11% of gross domestic product […]
As public participation in online trading continues to accelerate at unprecedented levels since 2020, the Regional Director at INFINOX, a leading CFD trading broker with international presence and market expertise, Dany Mawas, has advised online traders, particularly the new entrants into the technology-driven trading space, to look for critical capacities and antecedents in brokerage partners […]