Fitch Ratings-London-07 April 2014: Nigeria’s large-scale GDP rebasing has a mixed impact on key sovereign rating metrics, and therefore no automatic implications for Nigeria’s BB-/Stable sovereign rating, Fitch Ratings says. It could, however, boost investor sentiment and that is likely to support the sovereign credit profile over the longer term. […]
Author: InvestAdvocate
Nigeria’s Diamond Bank Seeking Deposits to Offset Tougher Rules
By Emele Onu Apr 6, 2014 Diamond Bank Plc (DIAMONDB), a Nigerian lender with operations in four other West African nations, plans to boost customer deposits to offset the impact of tougher regulatory requirements on earnings. Higher cash reserve requirements imposed by the central bank crimped profit last year […]
Nigeria’s UBA slows further African expansion to consolidate
Nigeria’s United Bank for Africa (UBA.LG) (UBA) has given pause to an aggressive expansion across the continent as it consolidates its existing operations in 19 different countries and meets commitments to fund large power projects at home, its chief executive said on Monday. Phillips Oduoza also told the Reuters Africa […]
