(This statement was made by Fitch Ratings on Wednesday May 11, 2017) May 11, 2017/Fitch Ratings Fitch Ratings-London-10 May 2017: Nigerian banks posted good financial results for 2016, despite turbulent operating conditions, but Fitch Ratings believes that significant financial risks persist beyond reported figures. The banks’ healthy 2016 net income […]
Money Market
FOREX: CBN approves $100m for sale at SMIS
Culled—Proshare May 10,2017/CBN The Central Bank of Nigeria (CBN) has approved the sale of $100 million at the Wholesale Secondary Market Intervention Sales (SMIS) auction announced on Monday, May 8, 2017. The CBN Acting Director, Corporate Communications, Isaac Okorafor, confirmed this on Tuesday, May 9, 2017, while disclosing that the […]
Heritage Bank, Triton Aqua N2bn facility to boost job creation, capacity to 15, 000 tonnes
May 9, 2017/Heritage Bank Ltd The N2billion long-term facility Heritage Bank Plc and Central Bank of Nigeria gave to Triton Aqua Africa Limited (TAAL), under the Commercial Agriculture Credit Scheme (CACS), has continued to boost job creation. The Managing Director of Heritage Bank Plc, Ifie Sekibo, who disclosed this at the […]
