Money Market

Moody’s Announces Completion of a Periodic Review of Ratings of Bank of Industry

May 30, 2021/Proshare By Moody’s Investors Service  Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Bank of Industry and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 26 May 2021 in which […]

Fitch Affirms Wema Bank at ‘B-‘; Removes Rating Watch Negative; Outlook Stable

May 28, 2021/Fitch Ratings Fitch Ratings has affirmed Wema Bank PLC’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ and removed it from Rating Watch Negative (RWN). The Outlook is Stable. A full list of rating actions is detailed below. The removal of the RWN on Wema’s IDRs, Viability Rating (VR) […]

Ecobank Says Xpress Point Agents Empowered to Create Wealth

May 30, 2021/Ecobank Nigeria The Head, Agency Banking, Ecobank Nigeria, Olanike Kolawole has said there are many inherent rewards and benefits of being an agency banking partner, also known as Xpress Point agent of the bank. Kolawole, who was speaking on the bank’s ongoing mouthwatering gifts presentation to its Xpress […]