Nigerian interbank lending rates fell 8.59 percentage points to an average of 10.41 percent on Friday, from 19 percent last week, after a liquidity boost from matured bonds and budget disbursals reached the banking system. The central bank paid 300 billion naira ($1.82 billion) to retire matured bonds on Wednesday, […]
Author: InvestAdvocate
Fitch Affirms Nigeria’s Lagos State at ‘BB-‘; Outlook Stable
(The following statement was released by the rating agency) LONDON/MILAN/FRANKFURT, March 21 (Fitch) Fitch Ratings has affirmed Lagos State’s Long-term foreign and local currency Issuer Default Ratings (IDR) at ‘BB-‘ with Stable Outlooks and its Short-term foreign IDR at ‘B’. The agency has simultaneously affirmed the National Long-term rating at […]
NSE Records Third Bearish Week, All-Share Index Down by -1.00%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian stock exchange (NSE) Friday recorded another bearish week, the third in a row as all-share-index (ASI) decline -1.00 percent (1.00%). Weekly stock market report from the Nigerian bourse says ASI closed at 37,790.12 basis points, while market capitalisation closed at and N12.139 trillion […]
