30 results
- 28 Jul 2026
S&P Global Acquires Agusto & Co. to Strengthen Credit Ratings Across Africa
S&P Global has agreed to acquire a majority stake in Agusto & Co., one of Africa’s oldest and largest domestic credit rating agencies, in a move that signals growing international interest in…
- 22 Jun 2020
S&P Global Affirms African Development Bank’s AAA Rating, with Stable Outlook
Ratings agency S&P Global has affirmed its 'AAA/A-1+' long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively…
- 2 Feb 2021
S&P Global Affirms African Development Bank’s AAA rating with Stable Outlook
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 said its outlook reflected…
- 23 Jun 2025
S&P Global Ratings Downgrades Ecobank Nigeria’s Credit Rating to CCC-, Outlook Negative
Ecobank Nigeria’s long-term issuer credit rating has been downgraded to ‘CCC-’ from CCC, with the outlook placed at negative by S&P Global Ratings. This is a resultant effect of the $150 million…
- 26 Sept 2015
Global II&P Market Records $2.4Bn Revenue in 2Q2015
According to the International Data Corporation (IDC) Worldwide Quarterly Integrated Infrastructure and Platforms Tracker, the worldwide integrated infrastructure and platforms market increased…
- 15 Oct 2019
P&G Joins Force With Global Citizen to Combat Social Challenges with ‘ACTIVATE’ Series
Procter & Gamble, leading manufacturer of consumer goods in Nigeria, recently hosted the screening of the sixth episode of the series, ACTIVATE, in commemoration of Global Hand Washing Day, to…
- 1 Jul 2026
S&P Sees Increased Loan Losses for Nigerian, African Banks Amid Global Risks
Nigerian banks are expected to contend with elevated loan losses through 2026 as high interest rates, persistent inflation and the withdrawal of regulatory forbearance continue to weigh on the…
- 14 Nov 2014
P&G’s Giles Deacon Unveils Machine-Washable Fabrics
Giles Deacon, P&G’s Global Fashion Consultant, exclusively unveiled his latest machine-washable collections at P&G Future Fabrics. According to Deacon, “After a year of working with P&G…
- 16 Sept 2016
S&P Downgrades Nigeria Further into Junk Territory
S&P Global Ratings, a leader in credit rating, benchmarks, and analytics for capital and commodity markets has downgraded Nigeria further into junk territory, essentially casting question marks…
- 7 Nov 2018
S&P Downgrades Diamond Bank on Weaker-Than-Expected Asset Quality; Outlook Negative
S&P Global Ratings lowered its long- and short-term issuer credit ratings on d Diamond Bank PLC to 'CCC+/C' from 'B-/B'. The outlook is negative. It also lowered its long- and short-term…
- 26 Oct 2018
Bharti Airtel, Owners of Airtel Under Financial Pressure
S&P Global Ratings has stated that Bharti Airtel’s dilution of a roughly 28% stake in its Africa unit will ease some pressure on the rating of the telco, but warned that a risk of a downgrade…
- 1 Jul 2020
COVID-19: Procter and Gamble Supports Lagos Hygiene Campaign
Procter & Gamble (P&G) continued its Protect Our Heroes missions to support Nigeria government’s efforts against COVID-19 with the donation of over 100 hand washing stations and 8,000…
- 22 Sept 2014
BlackBerry Introduces Porsche Design P’9983 Smartphone
Porsche Design and BlackBerry Limited, notable for its global leadership in mobile communications, has announced the new Porsche Design P’9983 smartphone from BlackBerry. The luxury P’9983…
- 20 May 2017
P&G Nigeria, WeConnect Train Over 50 Women Entrepreneurs
Procter & Gamble, a leading FMCG company in Nigeria, has further shown its commitment to Gender Equality and Supplier Diversity through its partnership with WeConnect International in Nigeria to…
- 2 Nov 2009
P&G to Build New Factory in Nigeria
Procter and Gamble, the international household products manufacturer will, in addition to its factory in Ibadan, build a new production site in Nigeria as it increases investment in social programs…
- 27 Oct 2022
AfreximBank Boss, ECOWAS, Diplomats and others to Speak at GAIN Youth Summit 2022
The President and Chairman of the Board of Directors of African Export Import Bank (AfreximBank) Professor Benedict O. Oramah; High Commissioner of Namibia to Nigeria, H.E Humphrey Geiseb; Ambassador…
- 22 May 2017
S&P Assigns ‘B/B’ Ratings, Stable Outlook on UBA
International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These…
- 22 Jan 2026
JustMarkets Unveils Top 5 Trading Assets for 2026 Profits
As the world markets continue into a new cycle that sees them plunging into much trouble and uncertainty, the year 2026 beckons to be one that is ridden with high uncertainty and volatility in terms…
- 12 Apr 2022
Nokia, Ericsson Halt New Business in Russia
Nokia has announced its exit from Russia, while rival Ericsson is putting its business there on hold indefinitely, throwing into doubt the country's ability to build super-fast 5G networks. The…
- 8 Oct 2025
Nigeria Seeks to Raise $2.8Bn Including its First International Sukuk
Federal government plans to raise $2.8 billion in fresh funding as part of efforts to diversify its borrowing instruments and attract capital from global Islamic finance markets. President Bola…
- 12 Aug 2026
AFC Raises $430m in Digital Bond to Deepens Digital Financial Infrastructure
The Africa Finance Corporation (AFC) has raised CHF350 million, about $430 million, through a five-year digital bond, marking a major step in the use of regulated digital financial infrastructure by…
- 8 Dec 2020
Ericsson Selected for Inclusion in the Dow Jones Sustainability Indices
Ericsson is one of the top-ranked companies within its industry group in the highly respected evaluation of sustainability-driven, publicly listed companies. The results of the annual Dow Jones…
- 10 Feb 2025
AFC Seals $400m Shariah-Compliant Deal
Africa Finance Corporation (AFC), the continent’s infrastructure solutions provider, has successfully closed a $400 million Shariah-compliant Commodity Murabaha facility, marking its strategic return…
- 26 Feb 2018
United States Dollar struggles ahead of Jerome Powell’s Congress testimony
The recent forex analysis has shown that Dollar is under threat to losses once again, with the Greenback at time of writing currently trending lower against all of its G10 counterparts, with the…
- 30 Sept 2020
Shell to Sack 9,000 over Oil Output Drops
Shell said on Wednesday that volumes of both Liquefied Natural Gas and crude production were down in the third quarter. The oil major disclosed this in an update to the market, which also detailed…
- 26 Nov 2024
Empowering Financial Literacy: Mastercard Academy Unveils 'Master Your Card: Finance Demystified
Mastercard Academy, one of the leading providers of world-class training solutions in the payments space, has unveiled a free online financial literacy course: ‘Master Your Card: Finance…
- 10 May 2022
Standard Chartered Acts as Sole Arranger of US$50M Step-up for Access Bank
Standard Chartered Bank acted as Sole Arranger and Sustainability Structuring Agent of a US$50 million Reg S Step-Up Puttable Green Notes due 2027 for Access Bank Plc in the international capital…
- 26 Oct 2021
Digital Realty Forms Joint Venture to Acquire Medallion Data Centres, Retains Nnamani as CEO
Digital Realty, the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions and Pembani Remgro Infrastructure Fund has announced the formation of a…
- 30 Jul 2020
Huawei Overtakes Samsung as Top Handset Maker
China’s Huawei Technologies snatched the title of biggest smartphone seller from Samsung Electronics (005930.KS) in the second quarter, underscoring the resilience of the China market even as global…
- 29 May 2022
GTCO Plc’s GTBank Maintains its Dominance in Financial Services at the Brand Africa 100: Africa’s Best Brands Awards
Guaranty Trust Bank Ltd, the banking subsidiary of Guaranty Trust Holding Company Plc or the Group), emerged winner in four major categories at the 12th annual Brand Africa 100: Africa’s Best Brands…