AfrikNews

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<div>DBN gets ‘AAA’ Rating from AGUSTO & CO.</div>

DBN gets ‘AAA’ Rating from AGUSTO & CO. The foremost credit rating agency, Agusto & Co. (“Agusto”) assigns an “Aaa” rating on the Development Bank of Nigeria Plc (“DBN” or the “Bank”), the highest rating possible on any institution. In summarizing the rating, which aligns with the “risk-free” rating of the Nigerian Sovereign, Agusto described […]

Nigerians Spent N1.77trn On National Calls, SMS In 2020

Nigerians Spent N1.77trn On National Calls, SMS In 2020       Nigerians spent about N1.77tn on national calls and short messages in 2020. This is according to the analysis of data released by the Nigerian Communications Commission recently released in document titled ‘2020 subscriber/network data report’. NCC put total outgoing local and national traffic […]

Stock Market Decline By N973.2bn In Seven Months

Stock Market Decline By N973.2bn In Seven Months       Profit-taking on price appreciation of stocks recorded last year and foreign investors exit Impacted the Nigerian equities market negatively in the first seven months of 2021 as investors lost N973.2billion. Specifically, market capitalisation, which measures the value of all stocks dropped by N973.2billion in […]

Refineries Record 13-month Loss Of N104.3bn – NNPC

Refineries Record 13-month Loss Of N104.3bn – NNPC     A total loss of N104.3bn was recorded by Nigeria’s refineries in 13 months, even as the facilities refined no crude oil throughout the period, the latest report released by the Nigerian National Petroleum Corporation showed. An analysis of the updated consolidated refinery financial performance from […]

$23bn Diaspora Remittances Raise Income Line For Households

$23bn Diaspora Remittances Raise Income Line For Households       In recent time, there have been moves to increase the volume and value of dollars remitted into the economy by Nigerians living abroad. More dollar inflows have significantly improved income of many beneficiaries who rely on their families and friends living in abroad to […]