February 1, 2018/Fitch Ratings (This statement was made by the Rating Agency on 31/1/2018) Fitch Ratings has affirmed United Bank for Africa Plc’s (UBA) Long-Term Issuer Default Rating (IDR) at ‘B’. The Outlook is Stable. The bank’s Viability Rating (VR) has been affirmed at ‘b’ and its Support Rating at […]
Investors Bite
Asian shares struggle, China dips on Lunar New Year profit-taking
31/1/2018/Reuters Hideyuki Sano An index of Asian shares swung into negative territory on Thursday, erasing earlier gains, as a late retreat in Chinese stocks pulled the benchmark lower and as concerns about rising interest rates softened investor sentiment. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3 percent, […]
CBN sells N253bn T-bills at c.10bps lower than previous Auction Rate
Culled—Proshare January 31, 2018/Zedcrest Capital ***Total Deregulation of Downstream Will Attract More Revenue to Govt *** – Olawore Bonds The bond market traded on a slightly more active note in today’s session with some buys on the 2021 bond taking yields lower by c.2bps despite slight sell on the 2037s. […]
