Money Market

Fitch Affirms Ecobank Transnational Inc at ‘B’; Outlook Stable

July 26, 2019/Fitch Ratings Fitch Ratings has affirmed Togo-based Ecobank Transnational Incorporated’s (ETI) Long-Term Issuer Default Rating (IDR) at ‘B’. The Outlook is Stable. ETI is the holding company of the Pan-African Ecobank group. Key Rating Drivers IDRS And Viability Rating ETI’s IDRs are driven by its intrinsic creditworthiness, as […]

MIDDAY UPDATE: Stocks Down -0.06% on Losses Across Sectors

July 26, 2019 By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange all-share index (NSEASI) as at midday Friday is down -0.06 percent on losses across sectors. InvestmentOne update reports that market movers as at this time are beer producers, International Breweries Plc and cement makers, Cement Company of Northern Nigeria Plc; […]

CBN Licences Three New Banks

Culled—Proshare July 23, 2019/ By Business247 The Central Bank of Nigeria (CBN) has expanded the banking space in the country with the issuance of banking licences to three new players in the industry.  With the additional licences, the numbers of banks operating in the country have increased to 23 from […]