19 Sep 2014/Fitch Ratings Fitch Ratings-Milan/Frankfurt/London-19 September 2014: Fitch Ratings has upgraded Nigerian Lagos State’s National Long-term rating to ‘AA+(nga)’ from ‘AA(nga)’. The Outlook is Stable. The agency has simultaneously affirmed Lagos State’s Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BB-‘ with Stable Outlooks and its Short-term […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Central Bank on Friday retained the benchmark interest rate at 12 percent with a corridor of +/- 200 basis points around the midpoint to promote economic stability. The Monetary Policy Committee (MPC) after considering both external and domestic economic conditions at the end […]

The Central Bank of Nigeria sold N100bn worth of bonds at higher yields for three- and 10-year paper while it was able to offer lower yields on 20-year benchmark debt. The Debt Management Office on Thursday said it sold N15bn of three-year debt at 11.49 per cent, 37 basis points […]