Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus…
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Category: Business
Fitch downgrades Dangote Industries over Naira devaluation, operational and financial underperformance
Fitch Ratings has downgraded Dangote Industries Limited’s national long-term rating to B+(nga) from AA(nga). Fitch, an international credit rating agency, simultaneously placed the ratings on Rating Watch Negative (RWN). The…
Read More Fitch downgrades Dangote Industries over Naira devaluation, operational and financial underperformance
Obasanjo explains why fuel importers will frustrate Dangote, faults Tinubu on subsidy removal
Elder statesman and former President Olusegun Obasanjo has explained why those benefiting from the lucrative business of fuel importation will make every effort to frustrate the Dangote Petroleum Refinery. Obasanjo…
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Rating: GCR affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
… 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…
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NCC directs Telcos on tariffs transparency
The Nigerian Communications Commission (NCC) has issued a directive to telecommunications operators to simplify their tariff plans, bundles, and promotional activities. This move aims to provide clear, easy-to-understand, and accurate…
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