Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Persecondnews honours Tony Elumelu
Persecondnews.com, an online news medium, will honour Mr. Tony Elumelu, Chairman of Heirs Holding, in Lagos on March 28, 2018.
Nigerian Breweries: Analysts downgrade stock, as investors’ sentiment rebounds
AS the bulls resurged at the Nigerian Stock Exchange, NSE last week, after the momentary banking sector shake-down in the first two trading days, Nigerian Breweries Plc, NB, may be a key beneficiary ahead of this week’s rally. But this is also coming against a major investment analysts’ downgrade of the stock.
New dividend policy geared towards banks, shareholders’ protection – Ola Yussuf
Last week, investors in the stock market went into frenzy after the Central Bank of Nigeria, CBN, directed banks with huge non-performing loans (NPL) and Capital Adequacy Ratio( CAR) below the required standard, not to pay dividend. In this interview, Alhaji Rasheed Ola Yussuf, Managing Director, Trust Yield Securities Limited, threw more light on the new dividend policy, saying that it is meant to protect stakeholders in those banks.
NSE’s corporate governance index to aid companies in raising funds – Oscar Onyema
THE Nigerian Stock Exchange, NSE, said that the introduction of corporate governance index will aid companies rated ‘successful’ on corporate governance to easily raise capital either locally or internationally.
FirstBank offers seamless banking solutions at Kaduna Trade Fair
FIRST Bank of Nigeria Limited has said that it would participate at the 2018 Kaduna Trade fair by offering seamless and innovative banking solutions to participants at the fair.
