Fri Jun 24, 2016/Reuters By Guy Faulconbridge and Kate Holton Britain has voted to leave the European Union, results from Thursday’s referendum showed, a stunning repudiation of the nation’s elites that deals the biggest blow to the European project of greater unity since World War Two. World financial markets plunged […]

June 23, 2016/Fitch Ratings Fitch Ratings has downgraded Nigeria’s Long-term foreign currency Issuer Default Rating (IDR) to ‘B+’ from ‘BB-‘ and Long-term local currency IDR to ‘BB-‘ from ‘BB’. The Outlooks are Stable. The issue ratings on Nigeria’s senior unsecured foreign-currency bonds have also been downgraded to ‘B+’ from ‘BB-‘. […]

June 23, 2016/Fitch Ratings (Fitch Ratings made the following statement Thursday June 23, 2016) Fitch Ratings-London-23 June 2016: Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% effective devaluation of the naira against the US dollar seen as of yesterday, the third day of trading under […]