Deposit Money Banks in the country are gearing up to invest over $3.623bn (about N598bn) in the power sector, the Federal Ministry of Power has said. Figures contained in the latest Power Enabling Nigeria publication for the second quarter of 2014 showed that the banks had adopted different models in […]

07 Oct 2014/Fitch Ratings (This statement was released by Fitch Ratings Oct 07, 2014) Fitch Ratings-London-07 October 2014: Fitch Ratings has affirmed MTN Group Limited’s (MTN) Long-term foreign currency Issuer Default Rating (IDR) at ‘BBB’. The Outlook is Stable. A full list of rating actions is below. MTN’s ratings benefit […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) has revised downward global growth rate for 2014, citing new shocks, such as the euro area crisis, high unemployment, the legacies of the pre-crisis boom and the subsequent crisis, such as high private and public debt. The update of the […]