February 9, 2018/Fitch Ratings Fitch Ratings has affirmed the National Long and Short-Term Ratings of Stanbic IBTC Holding Company Plc (SIBTCH) and its main operating subsidiary, Stanbic IBTC Bank Plc (SIBTC), at ‘AAA(nga)’ and ‘F1+(nga)’ respectively. Key Rating Drivers National Ratings SIBTCH’s National Ratings are based on potential support from […]
Money Market
Fitch Affirms Union Bank of Nigeria at ”B-”; Outlook Stable
February 9, 2019/Fitch Ratings Fitch Ratings has affirmed Union Bank of Nigeria PLC’s (Union) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. Fitch has also affirmed the bank’s Viability Rating (VR) at ‘b-‘ and Support Rating at ‘5’. A full list of rating actions is at the […]
Mobile Payments Still Hugely Untapped
Culled—Proshare February 9, 2018/FBNQuest Research Data from a new report series from the NBS, produced in collaboration with the CBN, reveal that 462 million transactions valued at N29trn were recorded on electronic payment channels in Q4 2017. As expected, ATM transactions dominated with a volume of 240 million. Internet subscriptions […]
