Moody’s has upgraded the outlook on Ecobank Transnational Incorporated’s long-term issuer and senior unsecured debt ratings to stable from negative. In the latest rating commentary, made available to PUNCH Online on Thursday, Moody’s also affirmed the pan-African banking group’s B3/Not Prime long- and short-term issuer ratings; B3 senior unsecured debt rating; b2 notional Baseline Credit […]
The Group Chairman, United Bank for Africa (UBA) Plc and Heirs Holdings, Tony Elumelu, has pledged a support of N25 billion Guarantee towards the Lagos State Government’s newly launched ‘Produce for Lagos’ Programme. The launch event, which was held at the Lagos House, Alausa, Ikeja yesterday, marked a bold step in the state’s mission to […]
The House of Representatives, on Wednesday, approved President Bola Tinubu’s request to the National Assembly, seeking approval to borrow $347m under the 2025–2026 borrowing plan. The Speaker of the House of Representatives, Tajudeen Abbas, read the President’s correspondence on the floor of the Green Chamber during Wednesday’s plenary. According to the President, the loan is […]
The Ogun State Governor, Prince Dapo Abiodun, said that his administration has put in place measures that would promote agriculture and ensure food security for the state and the nation at large. The governor stated this at the launch of the N500 billion Produce for Lagos, an off-take guarantee fund, an agricultural initiative, held at […]
The Niger State Government has signed a ₦1.8 trillion agreement with Dangote Rice Limited to grow the supply and offtake of paddy rice over the next 10 years. The state government disclosed on Thursday in a statement posted on X that the agreement was signed in Lagos at the office of the President of Dangote […]
Chairman/Chief Executive Officer, Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has described the killing of two Nigerian traders in South Africa by gunmen as intolerable and senseless, with a call to bring the culprits to book. Dabiri-Erewa, in a statement by NiDCOM spokesperson, Abdur-Rahman Balogun, disclosed the Nigerian High Commission in South Africa was looking […]
Commissioners of energy across the 36 states on Wednesday disclosed their readiness to meet with power distributors to negotiate electricity tariffs that are reflective and not burdensome on residents of the states. This follows the recent cut in electricity tariff for Band A customers from N209/kWh to N160/kWh by the Enugu Electricity Regulatory Commission, and […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has reportedly shut down a warehouse in Kano after finding a large amount of dangerous chemicals that can be used to make explosives. NAFDAC officials found the warehouse on Wednesday in the Kwakwachi area of Fagge Local Government, following a tip-off and inspection by […]
French media giant Canal+ Group has completed a $3 billion deal to acquire the remaining 55% of MultiChoice Group, securing full ownership of the continent’s largest pay-TV operator and its popular platforms, DStv and GOtv. The acquisition, approved by the South African Competition Tribunal, marks a watershed moment in Africa’s broadcasting industry, giving Canal+ access […]
