By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) Tuesday announced its set to introduce a rule titled ”Trading Halts Due to Extraordinary Market Volatility (Index Circuit Breakers)” The NSE said the objective of the Rule is to halt trading in all securities in the event of extraordinary market […]
Capital Market
Fitch Affirms 8 Nigerian Banks Ratings, Downgrades UBN
Fitch Ratings, an international rating agency, Monday affirmed its Long-term Issuer Default Ratings (IDR) on eight Nigerian banks, even as it downgraded Union Bank of Nigeria Plc (UBN). A statement from Fitch listed the banks whose ratings it maintained to include Zenith Bank Plc, First Bank of Nigeria Limited, United […]
World Economic Outlook: IMF Projects 3% Downcast
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) has said in its World Economic Outlook (WEO) July, 2013 that global growth is projected to remain subdued at slightly above 3 percent (3%) in 2013, the same as in 2012. ”In sum, global growth will recover from slightly above […]
