Moody’s updates credit opinion on Sterling Bank

For its resilient deposit-based funding profile, fair local currency liquidity buffers and growing retail product suite, Moody’s Investors Service has assigned a Counterparty Risk Assessment of B2 (CR) /Not Prime (CR) to Sterling Bank Plc for the month of June 2018. The upgraded rating, which also affirms the bank’s improved risk management process and IT…

SEC Assures Foreign Investors of Dynamic and Transparent Market

L-R,  Executive Director, J.P Morgan, Mr Nick Long, Acting Director General, Securities and Exchange Commission, Ms Mary Uduk, Chief Executive Stanbic IBTC, Mr. Akeem Oyewale and Acting Executive Commissioner Operations SEC, Mr. Isyaku Tilde during a meeting between SEC and JP Morgan in Abuja at the weekend The Securities and Exchange Commission (SEC) Nigeria, has…

Airlines Operators to Deploy N50bn VAT Waiver to boost operational efficiency

Domestic airlines has said the recent Value Added Tax (VAT) waiver given to them by the federal government estimated to be about N50 billion annually would give them relief financially, provide them with fund for lower air fares, aircraft maintenance, and to create more employment in the sector. The airlines operators said increased passenger movement…

Oando Redefines Employee Philanthropy To Drive Blood Donor

………..with World Blood Donor Day InitiativeLagos: Oando PLC recently commemorated World Blood Donor Day via a company led blood donation drive which enabled employees donate blood to save lives. The blood drive was organised in partnership with LifeBank, an e-health company connecting blood banks with hospitals in Nigeria, in a bid to bridge the blood…

Aiteo Promise More Support To Motivate Super Eagles

Nigeria is back in contention for second round qualification from group D after defeating Iceland 2-0 in an exciting encounter on June 22, 2018, thanks to the resurgence of the Super Eagles, and the motivation from Energy giant, Aiteo. Aiteo’s motivation comes in form of promise of a financial reward of $50, 000 dollars (N18…