Monday , December 11 2017
Home / Nigeria

Nigeria

Fitch Withdraws Nigeria’s Seven Energy Ratings

  Fitch Ratings has withdrawn Nigeria-based Seven Energy International Limited’s (Seven Energy) Long-Term Issuer Default Rating of ‘RD’ (Restricted Default) and Seven Energy Finance Limited’s USD300 million face value 10.25% senior secured notes due 2021 of ‘C’ with a ‘RR6’ Recovery Rating. Key Rating Drivers Fitch is withdrawing the ratings ...

Read More »

World Bank ranking Nigeria among top 10 most reformed economies

  Nigeria’s impressive ranking in the latest World Bank Doing Business report is proof that the country can do better if Nigerians faced its challenges headlong, according to Vice President Yemi Osinbajo, SAN. Prof. Osinbajo said this when a team from the World Bank formally presented the 2018 Doing Business ...

Read More »

Nigeria: Ambitious Revenue Assumptions in The 2018 Budget Proposal

Budget Speech Should be Market Neutral Given that President Buhari’s 2018 budget speech didn’t deviate much from the Medium Term Expenditure Framework (MTEF 2018-2020), the impact on financial markets has been neutral. That said, the assumptions made, particularly on projected revenues, remain a tad ambitious and as such we see ...

Read More »

Nigeria is Moving Towards Mid-table in Ease of Doing Business

  The positive headline emerging from the World Bank Group’s Doing Business 2018 report is that Nigeria has climbed 24 places to no 145 out of 190 countries over the past year. It appears that the head of state set a target of a rise of 20 places. For the ...

Read More »

AFDB refute statement that it has called off loans to Nigeria* Says is strongly supports Nigerian Govt’s economic recovery efforts

  BY NKECHI NAECHE—The African Development Bank on Tuesday refute the statement that it has “called off loans to Nigeria”, as reported in Reuters and credited to AfDB Vice-President for Power, Energy, Climate and Green Growth Amadou Hott. The bank disclosed this in a statement made available to BusinessToday Online, ...

Read More »

African Development Bank calls off proposed loans to Nigeria

The African Development Bank has called off a loan to Nigeria that would have helped fund the country’s budget, instead redirecting the money to specific projects, a vice president at the lender said on Monday. The African Development Bank had been in talks with Nigeria for around a year to ...

Read More »

Nigeria continues to shine in various ways, produces the best in every way-Osinbajo

Nigeria produces the best in every way, its citizens continue to shine in various ways around the world, and as we continue to do what is right in public service, the country is bound to reach the top globally as a people, according to Acting President Yemi Osinbajo, SAN. Prof. ...

Read More »

North East: Nigerian Military Unable To Hold Recaptured Territories – U.S.

The United States Department of State is worried about Nigeria’s inability to effectively secure and hold onto territories recaptured from Boko Haram terrorists despite the successes recorded by the Multi-National joint task force. This assertion is contained in the United States country report on terrorism for the year 2016 submitted ...

Read More »

Restructuring: Kolade, Ezeife, Others Say Nigeria Must Explore New Ways

SOME elder statesmen from the southern part of the country have backed calls for the restructuring of the country and called on Nigerians to unite and find new ways to overcome the challenges bedevilling the nation. The elders, who are not new to the challenges of keeping Nigeria together, having ...

Read More »

Osinbajo Says 50 Years after Biafra, Nigeria Greater Together than Apart

Yemi Osinbajo, Nigeria’s Vice President *Says the greatest responsibility of Nigerian leaders today is to give a pathway to unity in diversity.  Acting President Yemi Osinbajo, SAN, has underscored the need for Nigerian leaders to give the younger generation the vision on a pathway to unity in diversity. Prof. Osinbajo ...

Read More »