Money Market

AIB Privatisation Reflects Irish Banking Sector Recovery

Culled—Proshare June 27, 2017/Fitch Ratings The first stage of Allied Irish Banks’ (AIB) return to private ownership is a notable further step in the long recovery of Ireland’s banking sector, Fitch Ratings says. The privatisation was able to get underway thanks to AIB’s improving credit fundamentals, helped by falling unemployment, […]

Forex: CBN Boosts Supply with $240m to Retail SMIS

Culled—-Proshare Saturday, June 23, 2017 1:10 PM /CBN In the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the Federal Government to commemorate the Eid-el-Fitr, the Central Bank of Nigeria (CBN) on Friday, June 23, 2017, allocated the total sum of […]

Banks’ Exposure to Etisalat Nigeria: Restructuring or Equity Conversion?

June 23, 2017/Cordros Research Click here to download full PDF Report Etisalat Nigeria (ETISALAT) on Monday, released a statement on the planned restructuring of its shareholding to accommodate an equity conversion as regards its failure to meets financial obligations to a consortium of Nigerian banks. This followed the announcement by […]