News

Nigerian Founder, Bode Agusto Is Dead

Foremost economist and founder of Nigeria’s first credit rating agency, Agusto & Co, Bode Agusto has died at the age of 68.

People Democratic Party (Chieftain) and Media mogul, Dele Momodu confirmed his death in an Instagram post on Thursday.

He wrote, “One of Nigeria’s biggest economic wizards, Mr Olabode Agusto, has passed on. He founded AGUSTO & CO Ltd., a credit rating company.

“His darling wife, Edna and children were in Portugal (his adopted country) when he passed on at close to 70. May his brilliant soul rest in peace.” 

Before his death, Agusto was an independent consultant in the world of economics, finance, and business strategy.

Agusto & Co., established in 1992, played a crucial role in introducing credit rating services to Nigeria. The company was officially licensed by the Securities and Exchange Commission, making it the nation’s very first credit rating agency. Agusto led the company as managing director for 11 years.

Agusto was a director in the National Pension Commission and a member of the Central Bank of Nigeria Monetary Policy Committee.

TruetellsNigeria

Recent Posts

ZENITH TECH FAIR 4.0 ENDS ON A HIGH AS HACKATHON WINNERS GET N77.5M CASH REWARD

  A total sum of N77.5 million in prize money was won at the end…

14 hours ago

Warri agog as Delta Security Trust boss wins Toyota Prado in Glo promo

Warri was agog with excitement on Thursday as the Board Chairman of Delta State Security…

14 hours ago

At UBA Business Series, Experts Say Innovation, Passion Crucial to building Successful businesses

    Building businesses that stand the test of time requires a blend of innovation,…

1 day ago

Breaking: Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

  Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Thursday…

1 day ago

How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023 (VIDEO)

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

1 day ago

LAWMA INTENSIFIES ENFORCEMENT, SEALS RESTAURANT

The Lagos Waste Management Authority (LAWMA) has intensified enforcement activities around the state, leading to…

2 days ago