February 16, 2017/Punch Ade Adesomoju, Abuja The Attorney General of the Federation and Minister of Justice, Mr. Abubakar Malami (SAN), has said there are corruption allegations in the Central Bank of Nigeria’s foreign exchange allocation and transactions. Malami added, on Wednesday, the fraud allegations were “supported by several documents.” The […]
Money Market
Fitch Revises Bank of Industry’s Outlook to Negative; Affirms IDR at ‘B+’
(This statement was made by Ficth Ratings Agency on February 15, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings has revised Nigeria-based Bank of Industry Limited’s (BOI) Outlook to Negative from Stable, while affirming the Long-Term Issuer Default Rating (IDR) at ‘B+’. This follows the recent revision of Nigeria’s Outlook to Negative. A full […]
Fitch Downgrades GTBank, FirtsBank, Diamond, Zenith to Negative
(This statement was made by Fitch Ratings Agency on February 15, 2017) Lagos (INVESTADVOCATE)-Fitch Ratings-London-15 February 2017: Fitch Ratings has revised the Outlook on 4 Nigerian banks to Negative from Stable and affirmed the Long-Term Issuer Default Ratings (IDRs) of 10 banks and financial institutions. The affected institutions are Zenith […]
