Tuesday, January 19, 2021 Sovereign Trust Insurance Maintains ‘A-’ Rating Sovereign Trust Insurance Plc has been rated ‘A-‘ by the Global Credit Rating (GCR) According to GCR, Sovereign Trust Insurance, has great potential for growth in the years ahead considering some of the strategies that had been put in place to propel its operations. Read…
DetailsFriday, January 15, 2021 Equities Market Rises Further as Bulls Consolidate Hold The bulls consolidated their hold on the market yesterday as buying interests in Dangote Cement Plc, MTN Nigeria Plc and Seplat Petroleum Development Company Plc lifted the benchmark index further. The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose by 1.54 per cent…
DetailsThursday, January 14, 2021 Report Foresees 13.5% Monetary Policy Rate for Nigeria in 2021 Nigeria’s benchmark Monetary Policy Rate (MPR) has been predicted to rise by 200 basis points to 13.5 per cent in 2021, up from the 11.5 per cent it is presently. Bloomberg Economics made the prediction in the media outfit’s quarterly guide…
DetailsWednesday, January 13, 2021 Lawan Guarantees Passage of Petroleum Industry Bill President of the Senate, Dr Ahmad Lawan, yesterday committed the National Assembly to an expeditious passage of the long-delayed Petroleum Industry Bill (PIB). Lawan, at a programme in Abuja to mark his 62nd birthday, assured Nigerians that the passage of the PIB will form…
DetailsTuesday, January 12, 2021 Total: New Deepwater Royalties, Finance Act Eroded Value of Oil Assets Total Exploration and Production Nigeria Limited has said the deepwater royalties stipulated in the amended Deep Offshore and Inland Basin Production Sharing Contract Act (DOIBPSCA) 2019 and related provisions in the Finance Act 2020, has led to significant value erosion…
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OVERVIEW OF THE GLOBAL ECONOMY VACCINE A SHOT OF GLOBAL HOPE The COVID-19 health crisis has led to a global economic crisis, it has been a crisis like no other. To tackle COVID-19, the world economy as a whole had to be brought to a standstill, which resulted to lockdown by countries, layoff of staff…
DetailsThursday, January 7, 2021 W’Bank: Vaccine Deployment, Investment Key to Global Economy’s Recovery The World Bank has predicted that the global economy will expand by four per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It stated that top near-term policy priorities would be to control the spread of…
DetailsWednesday, January 6, 2021 World Bank: Vaccine Deployment, Investment Key to Global Economy’s Recovery The World Bank has predicted that the global economy will expand by four per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It stated that top near-term policy priorities would be to control the spread…
DetailsTuesday, January 5, 2021 OPEC Fails to Agree on February Oil Production Output Members of the Organisation of Petroleum Exporting Countries (OPEC) and their allies, including Russia, yesterday failed to reach an agreement on production levels for February, with talks expected to continue today. The cartel had agreed after its last summit, held from November…
DetailsMonday, January 4, 2021 Onyeali-Ikpe Assumes Office as Fidelity Bank MD/CEO The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, has assumed office, becoming the fourth chief executive officer and first female to occupy the position since the inception of the bank in 1988. Her tenure formally commenced on January 1, 2021. Read…
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