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 […]
Capital Market
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 […]
CIS Deregisters 2 Members for Misconduct
By InvestAdvocate Lagos (INVESTADVOCATE)-The Chartered Institute of Stockbrokers (CIS), has deregistred two (2) of its members for unprofessional misconduct. InvestAdvocate gathered that the stockbrokers are Peter Temidayo Ola and Kingsley Okwudiri Nnaji, while a third member, Akinwale Olagundoye was suspended from trading in the Nigerian capital market (NCM) for six […]
