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Fitch Ratings have today announced a one notch downgrade in the Long Term Issuer Default Rating of Bank of Valletta plc.  The new rating is of BBB, with a stable outlook, a BOV statement read."The rating agency affirms that BOV's rating is driven by its intrinsic strength, and that its ...

A pharmaceutical company will lay off 200 employees over the next two years but the government will be finding them alternative employment, it was announced this morning. Economy Minister Chris Cardona and Employment Minister Evarist Bartolo said Actavis will be reducing its workforce as part of a consolidation exercise after ...

Ramon Oladimeji The Minister of Information and Culture, Alhaji Lai Mohammed, on Wednesday inaugurated the Technical Committee on the Review of Nigeria’s Tourism Master Plan. He challenged members of the committee to articulate realistic policies that would drive tourism from the periphery to the mainstream of the economy. Members of ...

Friday Olokor, Abuja The Senate on Thursday in Abuja vowed to defend the nation’s sovereignty and interest against foreign interference. The Senate gave the assurance when it received members of the Coalition for Good Governance and Change Initiative and other civil society organisations, who had marched to the National Assembly ...

Ihuoma Chiedozie, Enugu The governors of Abia, Anambra, Imo and Ebonyi states on Thursday shunned the groundbreaking of the Enugu Free Trade Zone at Emene, near the Akanu Ibiam International Airport, in Enugu. The Enpower Enugu Free Trade Zone, the first in the South-East, is designed to promote commerce and ...

Everest Amaefule, Abuja The Federal Government and its agencies have continued to defy the ruling of the Court of Appeal that the deduction of stamp duty on bank deposits is illegal. Investigation by our correspondent showed that the Technical Committee on Stamp Duty had advised the Central Bank of Nigeria ...

Okechukwu Nnodim, Abuja Forte Oil, MRS Oil, British Petroleum Oil International, Glencore Energy Services Limited and 220 other foreign and local oil companies on Thursday in Abuja submitted bids for the sale and purchase of Nigeria’s crude oil grades. This is coming as the Nigerian National Petroleum Corporation stated that ...

Sesan Olufowobi The Lagos State Government has said it will resolve permanently the dispute in the Lekki Free Trade Zone with a committee to resettle displaced residents that has been put in place. There had been recurring disturbances in the zone, which led to the killing of the pioneer Managing ...

Sesan Olufowobi The Lagos State Government says it will use Information and Communications Technology to drive Foreign Direct Investments into the state. The government in a statement on Thursday told participants at a three-day workshop in the Badagry area, organised by the Office of Overseas Affairs and Investment (Lagos Global), ...

Anna Okon The Lagos State Governor, Mr. Akinwunmi Ambode, has commended Nigerian Breweries Plc for its commitment to the economic prosperity of the state and the nation. Ambode, who was on a courtesy visit to the company, charged its management to remain focused on excellent business practices and outstanding corporate ...