GCR Ratings Downgrades Ecobank Nigeria
GCR Ratings (GCR) has downgraded Ecobank Nigeria Limited’s national scale long issuer rating to BBB-(NG) from BBB (NG) and affirmed the short-term issuer rating of A3(NG); with the Outlook revised to Evolving from Stable.
Sell Pressure, Assets Repricing Drive Bonds, T-Bills Yields Up
The average yields on fixed income securities see a sharp rise as investors began to renegotiate spot prices on government issuances amidst a running inflation rate and weak exchange rate.
FirstMonie: Our DNA Gives Us Advantage in Agent Banking – FirstBank
FirstMonie: Our DNA Gives Us Advantage in Agent Banking – FirstBank
Debt Market Trades Sideway amidst Policy Uncertainty
The Nigerian debt or fixed income market trades sideway on Monday
Fidelity Bank to Raise Capital via Private Placement
Fidelity Bank Plc has signalled interest in issuing private placement
Union Bank Boosts Pre-tax Profit, Declares Dividend for 2020
Union Bank Plc.’s boosts performance as pre-tax profit rose to N25.4 billion in 2020 amidst pandemic-induced stress in the global economy.
Polaris Bank Denies Purported Sale, Pledges to Deliver Value
Polaris Bank Limited has denied the online publication on the purported sale of the lender’s asset, saying it’s speculative and intended to create panic in the market. Recently, media space was agog by a piece of news that the bank has been sold for N40 billion.
Inter-bank Rate Drops as Liquidity Pressures Ease, Naira Tumbles
Following reduced pressures on the financial system liquidity, the average interbank rate has dropped to a double-digit low, traders note shows while the Nigerian...
FCMB Falls after Earnings Forecast, Unusual Volume
FCMB Group Plc’s market valuation bumped last week. The Tier-2 bank recorded a marginal decline in valuation after its earnings forecast triggered an unusual volume of share trading...
Zenith Bank Market Valuation Crossed N1trn
Breaking the ceiling, Zenith Bank Plc has accelerated above N1 trillion market valuation following the ongoing share buying festival on the floor of the Nigerian Exchange....
