Money Market

Fitch Upgrades Ecobank Transnational Incorporated to ‘B’; Outlook Stable

15 Oct 2014/Fitch Ratings (The Agency released this statement Wednesday) Fitch Ratings-London-15 October 2014: Fitch Ratings has upgraded Togo-based Ecobank Transnational Incorporated’s (ETI, the holding company of the pan-African Ecobank group) Long-term Issuer Default Rating (IDR) to ‘B’ from ‘B-‘ and Viability Rating (VR) to ‘b’ from ‘b-‘. The Outlook […]

Phillips Oduoza, UBA CEO, Bags Leadership “Banker of the Year” Award

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)- Phillips Oduoza, , group managing director and CEO of United Bank for Africa (UBA) Plc, has bagged the Leadership “Banker of the Year” award on Sunday at the annual   LEADERSHIP Conference and Awards held in Abuja, a statement on Tuesday by Ramon Nasir, head, media […]

Q2 2014 Report: CBN Says Currency-in-Circulation Fell by 4.9%

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Currency-in-circulation in Nigeria fell by 4.9 percent at N1, 497.1 billion at the end of the second quarter of 2014, compared with the decline of 11.4 and 5.5 percent at the end of the preceding quarter and the corresponding quarter of 2013, respectively, the Central […]