Investors Bite

7Up Acquisition: Court Orders Scheme Shares Transferred to Affelka, Shareholders to Receive N125 Per Share

February 12, 2018/InvestmentOne Report The Federal High Court Holden at Lagos just announced its order on the petition filed by the shareholders of the Seven-Up Bottling Company Plc on 8th of February 2018.  Some of the declarations in Court Order are:  ·         That the scheme shares be transferred to Affelka, […]

Fitch Affirms Nigeria”s FCMB at ”B-”

February 9, 2018/Fitch Ratings Fitch Ratings has affirmed First City Monument Bank Limited’s (FCMB) Long-Term Issuer Default Rating (IDR) at ‘B-‘. The Outlook is Stable. All FCMB’s other ratings have also been affirmed. A full list of rating actions is at the end of this rating action commentary. Key Rating […]

Fitch Affirms Wema Bank at ”B-”; Outlook Stable

February 9, 2018/Fitch Ratings Fitch Ratings has affirmed Nigeria-based Wema Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ and National Long-Term Rating at ‘BBB-(nga)’. The Outlook is Stable. A full list of rating actions is at the end of this rating action commentary.  Key Rating Drivers IDRS, Viability Rating […]