Business

ALTON AT 20: USSD, Other Challenges Take Front Seat

By Patrick Imo Service providers in the Nigerian telecommunication sector has through their apex body the Association of Licensed Telecommunication Operators of Nigeria ALTON told the financial sector, the banks in particular and the rest of Nigerians not to expect a complete Unstructured Supplementary Service Data (USSD) services severance unless the financial community and the […]

Business

Nigeria: Moody’s Changes Nigeria’s Ratings from Stable to Negative

Moody’s Investors Service, one of the global credit rating agencies, Wednesday changed its outlook on Nigeria’s ratings to negative from stable. Concurrently, Moody’s affirmed its B2 long-term local and foreign currency issuer ratings, the B2 foreign currency senior unsecured ratings, and the (P)B2 foreign currency senior unsecured MTN programme rating on the country. According to […]

Business

Fraud allegation: Senate  to ‘arrest’ NIMASA DG Dakuku Peterside

The Senate Joint Committee on Navy, Marine Transport and Finance on Wednesday, asked the Director-General, Nigeria Maritime Administration and Safety Agency (NIMASA), Dakuku Peterside, to appear before it unfailingly on Thursday or risk being ‘arrested’. The committee is investigating the N263.9 billion alleged illegal security services carried out by the Ocean Marine Solutions Ltd. ( […]