Category Archives: Business & Economy

Agusto & Co Assigns a ‘Bb‘ rating to insurance industry

Agusto & Co Limited,  Pan African credit rating agency has assigned a “Bb” rating to the Insurance Industry in its newly published 2019 Nigerian Insurance Industry report. The assigned rating reflects heightened risks in the country’s geopolitical and macroeconomic environment,

Poor visibility’ll cause flight cancellations in coming days –NiMet

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There will be poor horizontal visibility across the country in coming days and this will cause flight cancellations and delays at the various airports, the Nigeria Meteorological Agency announced on Tuesday. NiMet stated that fresh dust plume would propagate into

Mercedes-Benz delivers 180,539 vehicles worldwide in January

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German automakers, Mercedes-Benz, says it delivered 180,539 vehicles to its customers all over the world in January. It stated that the second-best start to a year for sales was influenced by important model changes in the high-volume SUV and compact-car

New Range Rover Velar Autobiography unveiled

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The new Range Rover Velar SVAutobiography featuring the 5.0-litre V8 engine has been unveiled. Auto Express reports that the new edition with engine from the Jaguar F-Type SVR, will be on sale for just one year. The new Range Rover

First Bank, Azuri Technologies partner to provide power

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The Deputy Managing Director, First Bank of Nigeria Limited, Gbenga Shobo, has said that the bank is partnering with Azuri Technologies, a pay-as-you-go solar technology, to bring affordable, reliable and clean power to millions of Nigerians. He said this in

Access, Diamond banks to reward customers

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As Access Bank and Diamond Banks continue with their merger process, the banks have said that customers will be rewarded for their loyalty. A statement said they would be rewarded with loyalty points, cash-back, free websites for SMEs, giveaways among

First Bank pledges continued support for oil sector

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First Bank of Nigeria has said it will continue to assist oil and gas firms with the right financial support needed to efficiently grow the oil sector Speaking at the Energy Finance Forum at the recent Nigeria International Petroleum Summit

First Bank, clocks 125 – a historical milestone in the annals of history

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125 years of supporting and enabling dreams, 125 years of resilience and relevance, 125 years of trust, safety and security, 125 years of long term value to all stakeholders, 125 years woven into the fabric of our society and therefore

NNPC to commence oil drilling in Benue soon –Buhari

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President Muhammadu Buhari has announced that the Nigerian National Petroleum Corporation (NNPC) will soon commence drilling for deeper search for oil and gas in the Benue Trough. This, he said, would be the next step following the commencement of drilling

SEC shuts Dantata ponzi scheme in Kano

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To make good its promise to rid Nigeria of illegal capital market activities, the Securities and Exchange Commission (SEC) on Wednesday, sealed off the premises of Dantata Success and  Profitable Company, Kano, for carrying out investment operations that fall within