Category: Economy

ABBEY MORTGAGE BANK RECEIVES “A-” RATING FROM DATAPRO

DataPro, the Technology-Driven Credit Rating Agency (CRA) has in its latest report assigns Abbey Mortgage Bank Plc long-term rating of “A-” with an Evolving Outlook for the year 2022/2023. The…

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Crypto collapse leaves many Nigerian student ambassadors in lurch

Nigerian student Cosmas Elijah’s phone has been ringing off the hook since crypto exchange AAX announced a freeze in withdrawals for millions of customers in November. The collapse of the…

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Argentina’s Central Bank mulls putting Lionel Messi’s face on 1000-peso banknotes

Lionel Messi's 2022 World Cup exploits have incensed his country Argentina so much that the country’s financial governing body are considering immortalising him by putting his face on a 1000-peso…

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Lagos announces completion of first phase of Blue Rail

Lagos State governor, Babajide Sanwo-Olu, on Wednesday, announced the completion of infrastructure work on the first phase of the Lagos Blue Rail Mass Transit (LRMT). The completion of the work…

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Ogun state 32 kilometre road of pains and tears

Inside Ogun’s Abandoned 32 Kilometre Road Where Owners of Demolished Properties, Businesses Have Become Helpless, Hapless Three decades after it was first conceived, the 32-kilometre Sango-Agbado-Akute-Alagbole-Berger Road means excruciating pains…

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NGX Daily Gain Spikes as Inflation Fears Worsen

The Nigerian Exchange, NGX, continues to boom as investors keep pumping their investable funds into value, growth stock in the local bourse with headline inflation worsened to 21.47%. Today, daily…

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European Central Bank to Unload $5.3trn Bond

The European Central Bank said on Thursday it would start reducing its 5 trillion euros or $5.3 trillion worth of bond holdings from March, in its next step towards a…

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Goldman Sachs-backed fintech Jumo set to expand in Cameroon, Nigeria, Benin

Banking as a service provider Jumo plans expansion into new African markets in the first half of 2023, CEO for Africa Buhle Goslar tells The Africa Report. The company plans…

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2023 Election: Nigerian Military ‘ll Act Professionally, Irabor Assures NBA

The Chief of Defence Staff, General Lucky Irabor has assured Nigerians that the Military will remain apolitical and act professionally as the country prepares for general election in 2023. The…

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Second Niger Bridge Opens To Vehicular Movement

THE Federal government opened the Second Niger Bridge to vehicular movement on Thursday, December 15. The bridge was opened at precisely 9:50 am. The Federal Government had initially promised that…

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