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WEMA Bank gets long-term ‘BBB-‘ national rating with stable outlook

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The Global Credit Rating agency (GCR) has recently concluded its first rating review of Wema Bank plc. The bank has received a Long Term...

Akwa Ibom begins payment of salary to newly recruited staff

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Akwa Ibom State government has commenced the payment of salary to newly recruited staff after the conclusion of several screening exercises as part of...

Nigeria-China trade volume hits $40.9bn

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The Chinese ambassador to Nigeria, Gu Xiaojie, on Tuesday put Nigeria-China trade volume at $40.9 billion. Gu, who made the disclosure during a visit to...

Okowa Promises Quality Health Care For Delta State indigenes

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Delta State Governor, Senator Dr. Ifeanyi Okowa has assured Deltans of his administration’s commitment to the provision of quality health care in the state. The...

President Buhari rejects ’phantom’ budget

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First, he forced out over N17 billion. But he wants more deleted. Close sources say another N15 billion remains attached and federal  government officials,...

Lagos Chamber of Commerce & Industry comments on recurring fuel scarcity...

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The fuel crisis of the past few weeks once again underscores the need to urgently review the current policy framework for the petroleum downstream...

Guaranty Trust Bank: Still no rain on its parade

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Increasing TP: BUY (maintained): TP: NGN21.8 (previously NGN19.4) Guaranty Trust Bank (GTBank) recently held a conference call to discuss its FY15 results and 2016 outlook. We learnt:...

Stanbic IBTC continues to face challenges from the Financial Reporting Council...

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The bank recently released a notice on the Nigerian Stock Exchange (NSE) that a case instituted by the FRC at the Court of Appeal...

Job losses mount as perfect storm hits Intel Nigeria Ltd

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The blistering pace of job losses in Nigeria remains unrelenting as firms battle a strong storm of challenges from economy in decline. The latest...

Stabilizing the Naira through Effective Monetary and Fiscal Policies

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By David Edevbie Our economy did well in the last decade with the average GDP growth rate between 2005 and 2015 reaching an impressive 5.9%....