Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC's LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at 'B-'. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at 'A(nga)' with a Stable Outlook. In a statement released on Friday, Fitch said that the outlook revision reflects its, “expectations that the bank's capitalisation will strengthen in the near term as a result of core capital i…
Alternative Bank, Niger State Gov’t To Set Record With Africa’s Single Largest EV Fleet
Alternative Bank, Niger State Gov’t To Set Record With Africa’s Single Largest EV Fleet Niger, Nigeria - JUNE 10, 2024 – In a landmark deal, Nigeria’s largest ethical banking institution, The Alternative Bank have signed a pioneering deal, valued at over N 14 billion, with the Niger state government to finance the delivery of 5000 electric tricycles to drive social impact, youth empowerment, business growth, and economic prosperity in the Power State. The landmark deal will see the Niger State government, through its ministries of Transporta…
NDLEA intercepts 175,000 bottles of codeine shipment from India
NDLEA intercepts 175,000 bottles of codeine shipment from India Operatives of the National Drug Law Enforcement Agency, on Friday, intercepted no fewer than 175,000 bottles of codeine shipment from India en route to Enugu State barely one week after it seized a similar shipment in Rivers State. This is just as the anti-narcotics agency arrested a Nigerien for concealing drugs in pesticide tanks and 19 others in multiple raids across the country. The agency’s Director of Media and Advocacy, Femi Babafemi, in a statement on Sunday, added that t…
Nigeria’s Current Account Balance Hits $1.43bn Surplus — IMF
Nigeria’s Current Account Balance Hits $1.43bn Surplus — IMF Staff Hacks Into GTBank System, Steals N9.9m From Customers Photo of Online Editor Online Editor Send an email18 hours ago 67 1 minute read For allegedly betraying the trust reposed in him by his employer as the officer in charge of payment of drivers’ retirement benefits and stealing close to N10 million from Guaranty Trust Bank (GTBank), Komolafe Oluwayomi of the Oyin Jolayemi Street, Victoria Island, Lagos branch of the bank has been remanded at Ikoyi correctional facility. When…
Minimum Wage: ‘Cut down on frivolities’ – States can pay more than N60,000, Labour hits govs
Minimum Wage: ‘Cut down on frivolities’ – States can pay more than N60,000, Labour hits govs NLC advocates quality salary, pension, insurance for journalists Joe Ajaero, NLC President Organised Labour has rejected the claim by state governors under the aegis of Nigeria Governors’ Forum, NGF, that they cannot afford N60, 000 minimum wage, urging them not to plunge the country into a monumental crisis. Speaking on behalf of Labour, Nigeria Labour Congress, NLC, accused the governors of being economical with the truth regarding their resources. …
JUNE 12: I was accused of raising private army to overthrow Abacha — Akhaine
JUNE 12: I was accused of raising private army to overthrow Abacha — Akhaine The return of Sani Abacha via his bagman •‘I didn’t know I will come out of detention in Kebbi alive’ •Says Tinubu not exhibiting the values of democracy •‘Beko and I warned Saro-Wiwa not to return to PH’ Of momentous events that have shaped the Nigeria we know today, the June 12 presidential election, of 1993 stands out for good and not for worse or bad. The significance it embodies accounts for why the event still resonates 31 years later. Reflecting on the import …
Why we arrested groom, 49 others during bachelor’s eve in Akure — EFCC
Why we arrested groom, 49 others during bachelor’s eve in Akure — EFCC Why we arrested groom, 49 others during bachelor's eve in Akure — EFCC The Economic and Financial Crimes Commission (EFCC) has provided clarification regarding the recent raid on nightclubs in Akure, during which a groom and 49 other suspected internet fraudsters were apprehended. According to the EFCC spokesperson, Dele Oyedele, the operation was conducted based on extensive intelligence gathering that led the agency to the lounge where the alleged fraudsters were hos…
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