On Dec. 29, 2011, we revised the outlook on the Republic of Nigeria to positive from stable, and affirmed the long- and short-term sovereign credit ratings on Nigeria at ‘B+/B’.   — As a result, we are revising the outlooks on First Bank of Nigeria, Zenith Bank, and Guaranty Trust […]

The euro fell to a fresh 15-month low against the dollar Thursday while stock markets continued to give up some of their early-year gains as European debt concerns offset mounting optimism over the state of the U.S. economy. For a second day running, the concern in the markets has centered […]

After 25 years of talking about the removal of subsidy on premium motor spirit (PMS), President Goodluck Jonathan effectively ended the discussion last Sunday. While the jury is still out as to whether his decision was borne by courage or sheer foolhardiness, there can be no doubt about the fact […]