Financial analysts have said that Nigerians should expect an increase in inflation rate in coming months, pointing to global increase in food prices as a contributor. Analysts at Financial Derivatives Company Limited in a bulletin made available to our correspondent on Monday said, “Using trend analysis, we estimate the national […]
World News
AIG keen to sell bank, expand mortgages: CEO
American International Group Inc is planning to sell its savings and loan business as soon as a federal panel labels the insurance giant “too big to fail,” its chief executive said on Monday. But even without a banking business, AIG is now looking more aggressively at making and purchasing mortgages […]
Long-Term Rating On Nigeria Raised To ‘BB-‘-S & P Report
On Nov. 7, 2012, Standard & Poor’s Ratings Services raised its long-term foreign and local currency sovereign credit ratings on the Republic of Nigeria to ‘BB-‘ from ‘B+’. At the same time we affirmed the ‘B’ foreign- and local-currency short-term ratings. We raised the long-term national scale rating to ‘ngAA-‘ […]
