June 27, 2022/Ecobank Nigeria Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at ‘BBB (nga)’. The rating agency released this rating last week, stating that […]
Money Market
Adeduntan Sustains Winning Streak, Pioneers Leadership Excellence in Banking
June 24, 2022/FirstBank of Nigeria Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, […]
US Fed Release Banks Stress Test with Strong Capital Level to Sustain Lending
June 23, 2022/US Federal Reserve The Federal Reserve Board on Thursday released the results of its annual bank stress test, which showed that banks continue to have strong capital levels, allowing them to continue lending to households and businesses during a severe recession. All banks tested remained above their minimum […]
