Heineken NV’s (HEIA) Nigerian unit, the nation’s largest brewer, said a possible currency devaluation by the central bank would hurt the company’s earnings, suppressing profit ahead of next year’s elections. The Central Bank of Nigeria may be forced to lower its currency peg if foreign reserves continue to dwindle, analysts […]

New Zealand came first in a global index published on Thursday that ranks countries by social and environmental performance rather than economic output in a drive to make social progress a priority for politicians and businesses. The Social Progress Index (SPI) rates 132 countries on more than 50 indicators, including […]

Press Release Fitch Ratings-London-02 April 2014: Fitch Ratings has assigned Zenith Bank Plc’s (Zenith) USD1bn Global Medium Term Note Programme a Long-term rating of ‘B+’ with a Recovery Rating of ‘RR4’ and a Short-term rating of ‘B’. The Recovery Rating is in accordance with Fitch’s soft cap for Nigeria. Fitch […]