Fitch Revises Outlook on 3 Nigerian Banks to Negative; Affirms Ratings

18 Feb 2016/Fitch Ratings (This statement was made by the rating agency on February 18, 2016) Fitch Ratings has revised the Outlooks on the Long-term foreign currency Issuer Default Ratings (IDRs) of First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTB) […]

Wall St. falls with oil; CPI data stokes rate hike talk

Fri Feb 19, 2016/Reuters By Abhiram Nandakumar The Dow and S&P 500 slipped on Friday morning as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. The Nasdaq was little […]

Statement by Christine Lagarde on her Second Term as IMF Managing Director

February 19, 2016/IMF Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today: “I am delighted to be given the opportunity to lead the IMF as Managing Director for a second term of five years, and I greatly appreciate the continued trust and support […]