Standard & Poor, the global rating agency, has assigned ‘B/B’ counterparty credit and ‘ngBBB/ngA-2’ national scale ratings to Skye Bank Plc. According to the rating agency, the stable outlook assigned to the bank indicates the bank’s business and financial profile will remain broadly unchanged over the next 12 months. It […]
Author: InvestAdvocate
FCMB divests holdings in City Securities Registrars
First City Monument Bank has divested itself of City Securities Registrars Limited, a statement from the bank said on Tuesday. According to the bank, the move was in line with the holding company structure. Following the divestment, the bank said City Securities Registrars Limited had been wholly acquired by CardinalStone […]
Market capitalisation declines by N71bn
Equity trading activities on the floor of the Nigerian Stock Exchange closed negative on Tuesday with the market capitalisation of the listed equities, shedding N71bn for the second consecutive day. The market capitalisation of the listed equities had depreciated by N71bn or 0.59 per cent on Monday to close at […]
