Money Market

Nigeria-Based Fidelity Bank Ratings Affirmed; Outlook Stable

Culled—Proshare May 28, 2018/S & P Global Ratings    We expect that Fidelity Bank will continue to display relatively moderate earnings and stable asset quality. We are affirming our ‘B-/B’ and ‘ngBB+/ngB’ ratings on Fidelity Bank PLC. The stable outlook reflects our view that the bank will maintain a broadly stable […]

CBN directs banks, BDCs to sell forex to eligible travellers over the counter

27/5/2018/Premium Times The Central Bank of Nigeria (CBN) on Sunday directed all commercial banks and Bureau de Changes (BDCs) to sell foreign exchange (Forex) to all eligible travelers over the counter, regardless of their customer status. The CBN in a statement on Sunday by its spokesperson, Isaac Okoroafor, said banks […]

Heritage Bank named most supportive financial institution in tourism

May 28, 2018/Heritage Bank Heritage Bank Plc has once again proven to be Nigeria’s most innovative banking service provider, as Institute for Tourism Professionals, organisers of the National Tourism Transport Summit and Expo 2018 (NTTS), crowned Heritage Bank the best “Financial Institution, for Outstanding Support for Tourism.” The award, according […]