Moodys-Investors-Service

Nigeria Will Face Slow Economic Growth in 2019, Says Topmost Rating Agency Moody’s

Bayo Akinloye Topmost global rating agency, Moody’s has Nigeria will experience slow growth in the economy with an estimated percentage increase of 2.3 percent in 2019 from estimated 1.9 percent in 2018. In its latest report made available to NationalWire on Monday, Moody’s added that the country, aswell as other Sub-Saharan African sovereigns’ negative outlook […]

CBN To Unveil 2019 Monetary Policy Direction Next Week

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, will next week unfold the Bank’s plans for 2019 year, during the first Monetary Policy Committee (MPC) meeting scheduled for January 21 to 22. The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, disclosed this in a statement. Also, Okorafor confirmed the CBN’s injection […]

We Are Dedicating Our Digital Assets To Support Growth Of MSMEs – Ecobank MD

Managing Director, Ecobank Nigeria, Patrick Akinwuntan has reaffirmed the bank’s commitment to the use its wide and versatile digital capacity to transform the entire value chain for micro, small and medium enterprises (MSMEs) in Nigeria. This according to him would engender more activities in the sub sector leading to the overall growth of the economy. […]

Stanbic IBTC Offers Enhanced School Fees Payment Solutions

As schools reopen for another session following the Christmas and New Year festivities, Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, has reassured parents and guardians of the bank’s readiness to help minimize the financial burden of paying their children/wards fees as well as maximize a stress free payment process through its e-solution […]

Dangote Refinery Receives RFCC’s Regenerator; Begins Equipment Installation

The Dangote Oil Refining Company (DORC) Limited last week took delivery of one of the major component of its refinery equipment; the regenerator for the Residual Fluid Catalytic cracker. Fluid catalytic cracking (FCC) is one of the most important conversion processes used in petroleum refineries. It is widely used to convert the high-boiling, high-molecular weight hydrocarbon fractions of petroleum crude oils into […]

Power, Interest Rate, Others Slowed Business In 2018 — CBN

Business activities were slowed down by an insufficient power supply, high-interest rates and other challenges in 2018 financial period. This was disclosed in the ‘monthly business expectations survey report’ by the Central Bank of Nigeria’s Statistics Department in December 2018. The CBN, in the report, stated that “firms identified insufficient power supply, high-interest rates, unfavourable […]

Visit Of Management Of Pamodzi  Sports Marketing To Ecobank

From Left: Head, Commercial Banking, Ecobank Nigeria, Mr. Rotimi Morohunfola; Executive Director, Consumer Banking, Ecobank Nigeria, Carol Oyedeji; Managing Director, Ecobank Nigeria, Patrick Akinwuntan; Chairman and Chief Executive Officer, Pamodzi Sports Marketing, Mike Itemuagbor and  Director of Organisation, Okpekpe International Road Race,  Zak Amodu during a courtesy visit of management of Pamodzi  Sports Marketing (organisers […]

Dangote Says Truck That Caused Ekiti Accident Not For The Company

  Dangote Industries Limited (DIL) has denied the ownership of the truck that caused an accident in Iworoko Ekiti, in which 20 people were said to have died at the weekend. The Management of DIL on Sunday issued a statement, frowning at the misleading and unverified report, carried by an Online medium, alleging that a Dangote […]