November 10, 2021/United Capital Research In continuing with our conversation on Payment Service Banks (PSBs), today’s series looks to examine the impact of CBN’s recent approval-in-principle for major telecoms (MTNN and Airtel) to establish subsidiaries to conduct PSB operations on banks’ profitability. Since the CBN granted approvals in principle to […]
Money Market
Payment Service Banks Series I – Impact on Financial Inclusion
November 9, 2021/United Capital Research Last week, the subject of Payment Service Banks (PSB) became the forefront of economic discussion, after the CBN granted an approval in principle to Airtel Africa Plc and MTN Nigeria allowing their subsidiaries, SMARTCASH Payment Service Bank Limited and Momo Payment Service Bank to operate […]
Fitch Rates Fidelity Bank’s Senior Unsecured Notes ‘B-‘
November 9, 2021/Fitch Ratings Fitch Ratings has assigned Fidelity Bank PLC’s USD 400 million senior unsecured notes maturing October 2026 a Long-Term Rating of ‘B-‘ and a Recovery Rating (RR) of ‘RR4’, reflecting average recovery prospects. Key Rating Drivers Senior Unsecured Debt The notes’ rating is aligned with Fidelity’s Long-Term Issuer Default […]
