(This statement was made by Fitch Ratings on June 8, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings has assigned United Bank for Africa Plc’s (UBA) USD500 million 7.75% senior unsecured notes maturing on 8 June 2022 a final ‘B’ rating. The final rating is in line with the expected rating Fitch assigned to […]
Money Market
Nigeria’s central bank to sell dollars to airlines, fuel importers
7/6/2017/Reuters Nigeria’s manufacturers, airlines, fuel importers and agriculture businesses will be able to buy dollars at a special market intervention to clear a backlog of foreign exchange obligations now due, the central bank said on Wednesday. The central bank plans to settle the bids through a combination of spot and […]
CBN Says Exports from Nigeria – Compliance with Memorandum 11 of the Foreign Exchange Manual
6/6/2017/CBN In the continued effort to ensure that all export transactions are carried out through the formal channels, bills of lading in respect of exports from Nigeria shall henceforth carry the Form NXP number of the underlying cargo. Consequently, all exporters are required to register Forms NXP with an Authorized […]
