30 results
- 7 Jul 2013
Standard & Poor Lowers Nokia's Ratings on NSN Buyout
Standard & Poor's Ratings Services has lowered Nokia's long-term debt rating to 'B+' from 'BB-' and affirmed its 'B' short-term corporate credit rating. The outlook is stable. ¬The rating action…
- 21 Jun 2010
IEEE Laments Poor Technological Standard
Institute of Electrical and Electronics Engineers (IEEE) has blamed the poor standard of the country’s technology on government and the higher education institutions. Engr Tunde Salihu,…
- 2 Apr 2016
S&P Affirms MTN Rating on Tamer Dividend
Standard & Poor's affirmed MTN's credit rating on Thursday, saying that although the South African company faced a $3.9 billion fine in Nigeria, its decision to hold back on dividends was…
- 16 Jul 2015
Nigeria Must Devalue the Naira to Survive - S&P
Nigeria will have to devalue its currency at some stage, possibly by more than 15 percent, ratings agency Standard & Poor's said on Wednesday, though it saw the adjustments as likely to be…
- 12 Mar 2015
S & P Warns that Nigeria’s Economy is in ‘Clear Danger’
Standard & Poor’s, international rating agency, has warned that Nigeria’s economy is in a “clear and present danger,” with a negative sovereign ratings watch of BB minus. Konrad Reuss regional…
- 22 Jan 2016
S&P Says Nigeria will Have to Devalue Naira in 2016
Ratings agency Standard & Poor's says that Nigeria will have to devalue its currency, saying it expected this to happen at some stage in 2016 and in gradual adjustments. Investors have seen a…
- 4 Oct 2016
S&P Downgrades MTN's Credit Ratings
Ratings agency Standard & Poor's (S&P) has lowered the MTN group's credit ratings, following the downgrade of Nigeria's sovereign rating last month. MTN confirmed the ratings downgrade in a…
- 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…
- 4 Jul 2017
NITDA Warns IT Service Providers over Poor QoS
National Information Technology Development Agency (NITDA) has warned information technology service providers over poor quality of services (QoS) and low standards of products. Dr Isa Ali Ibrahim…
- 19 Jan 2015
GTBank Bags ‘Best Corporate Governance, Africa’ for 2015 Award
Guaranty Trust Bank Plc, has been awarded ‘Best Corporate Governance, Africa’, for the Financial services category by the Ethical Boardroom Magazine UK. The ‘Corporate Governance Award’ organized by…
- 19 Nov 2017
Poor Engineering Contributory To Poor QoS- Adeyeye
Aderemi Adeyeye is the president/chairman, Enext Wireless, Inc. Aderemi worked for Alcatel-Lucent for 20 years in various areas, starting with training service provider engineers in wireless network…
- 22 Feb 2010
Expert Canvasses Further Down-sizing of Insurance Firms
As the financial sector continues to reap the gains of consolidation initiated by the Charles Soludo- led Central Bank of Nigeria (CBN) insurance stakeholders are agitating for further down-sizing of…
- 10 Jan 2022
Stakeholder Applauds Digitization of Nigerian Insurance Industry
Mr. Casmir Azubuike, the Chief Executive Officer of Afriglobal Insurance Brokers Limited, has said the Nigerian insurance industry has been going through digital transformation, which is boosting its…
- 19 Apr 2017
Nigeria to Grow by 0.8% in 2017 – IMF
The International Monetary Fund on Tuesday forecast 2.6 percent growth in sub-Saharan Africa this year, aided by a modest recovery in large economies South Africa, Nigeria and Angola. “Growth is…
- 23 Oct 2015
Nigeria Plans $25Bn Fund to Stave off Recession
Nigeria plans to create a $25bn fund with public and private financing to modernise infrastructure and avoid a recession, Vice President Yemi Osinbajo has said. The halving of oil prices since last…
- 4 Aug 2008
Etisalat Get Strong Rating from Standard & Poor’s and Fitch
Following its recent ranking as the fastest growing telecommunications company in the world, Etisalat has received yet another recognition with its inaugural international corporate credit ratings…
- 7 Mar 2013
FG Earmarks N950Bn for Security in 2013 Budget
Federal Government has earmarked some N950 billion in this year’s budget to tackle the internal security challenges confronting the country. A breakdown showed that the armed forces will get…
- 24 Apr 2015
CBN Orders Lenders to Disclose Bad Debtors
Central Bank of Nigeria (CBN) has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices. The…
- 7 Oct 2016
MTN Raises $1Bn in Bonds
MTN has raised $1 billion (R13.9 billion) in two dollar bonds, the telecoms firm said, the first such issue by Africa's biggest wireless carrier by sales since 2014. The news comes after ratings…
- 22 Sept 2024
Engagement at Scale: The Hidden Cost of Poor Architectural Decisions in EdTech Platforms
EdTech(Educational Technology) platforms today are expected to do more than simply deliver lessons online, they personalize learning pathways, provide real-time feedback, support media-rich content,…
- 21 Jul 2020
Fitch Affirms Triple ‘A’ Rating of AfDB, with Stable Outlook
According to the agency, “the ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders, which Fitch Ratings assesses at ‘aaa’” Fitch Ratings, the global credit…
- 21 Dec 2017
AfDB Plans to Raise $8Bn from Capital Markets in 2018
The Board of Directors of the African Development Bank has approved the Bank’s 2018 borrowing program for USD 8 billion to be raised from capital markets. The Bank provides financial assistance to…
- 2 Jan 2014
Dangote Made $9.2Bn in 2013, Bill Gates is World's Richest
Aliko Dangote, Africa’s richest person and founder of Dangote Group, one of the continent’s largest conglomerates, added $9.2 billion during the year. He’s the 30th-richest person in the world. His…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 17 Apr 2026
FCCPC Denies Banning Airtime Borrowing, Blames Cartel for Misinformation
Federal Competition and Consumer Protection Commission (FCCPC) has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria, describing the reports as false…
- 9 Aug 2014
FG to Cut Taxes for Telcos
Federal Government is planning to reduce taxes on telecommunications infrastructure to encourage firms to spend more on their networks, Dr Omobola Johnson, minister of Communications…
- 11 Jan 2017
Ekeh, Zinox Boss on CNN, Says ICT Investment Will Create Nigerian Billionaires
With the right kind of investment in technological platforms and the overwhelming support of the government in providing the requisite enabling environment, Nigeria can effortlessly produce global…
- 3 Mar 2026
NCDC Raises Alarm over Lassa Fever Ravaging 18 States in Nigeria
Nigeria Centre for Disease Control and Prevention (NCDC) has raised alarm over ravage of Lassa fever cases across 18 states and 67 Local Government Areas (LGAs) of the country. Dr Jide Idris,…
- 5 Mar 2012
ATNIG Brings Anti Lightning Solution to Improve Mobile QoS - Ilo
Nigeria is rated among the fastest growing global telecom markets; unfortunately, this high growth is not matched by good quality of service. Services disruption has been attributed to several…
- 4 May 2025
FG Faults AfDB's Adesina on Nigeria's GDP Per Capita Figures
The Presidency has faulted claim of Akinwumi Adesina, president, African Development Bank (AfDB), on the current Nigeria’s Gross Domestic Product (GDP) per capita figures versus the level it was in…