Culled—Proshare April 26, 2018/FBNQuest Research We see from the CBN’s Quarterly Statistical Bulletin for Q4 2017 that net current transfers amounted to US$5.85bn, their highest since Q4 2013. Our chart shows an annual peak in the fourth quarter, which coincides with the principal holiday season in Nigeria. It also shows […]
Money Market
Fitch Upgrades First Bank of Nigeria’s Subordinated Notes to ‘CCC Plus’
Culled—Proshare April 26, 2018/Fitch Ratings Fitch Ratings has upgraded First Bank of Nigeria’s (FBN) subordinated notes to ‘CCC+’/’RR5’ from ‘CCC’/’RR5’ and removed them from Rating Watch Positive (RWP). The notes were issued through FBN Finance Company BV, a special purpose vehicle, which was established to provide funding for the bank. […]
FirstBank Empowers SMEs and Youths in Lagos and Benin
April 25, 2018/FirstBank First Bank of Nigeria Limited, Nigeria’s number one SME Bank is hosting the SMEConnect Series – a multi-pronged SME support programme developed by the Bank to chart a veritable course for SME development, emphasizing boundless opportunities for entrepreneurial business development. The programme includes open seminars to build […]
