February 16, 2024/United Capital Research Anglophone West Africa Nigeria Power minister laments as electricity subsidy rises to N3tn According to the Federal Government of Nigeria, the indebtedness of Nigeria’s power sector to electricity generating companies and gas producers has risen to about N3.3tn, and subsidy on electricity for 2024 would […]
Investors Bite
Fitch Takes Rating Action on 12 Nigerian Banks Following Naira Devaluation
February 16, 2024/Fitch Ratings Fitch Ratings has maintained the RWN on First City Monument Bank’s (FCMB) and Union Bank of Nigeria PLC’s (UBN) Long-Term IDRs of ‘B-‘ and National Long-Term Ratings of ‘BBB+(nga)’ and ‘BBB(nga)’, respectively. Fitch has simultaneously affirmed eight other Nigerian banks’ and two bank holdings companies’ (BHCs) […]
Week Closes Bullish as NGXASI Up by 156bps, Investors Gain N887.96Bn
——NGXASI stands at +41.39% (YTD); Naira depreciated by 2.65% to close at ₦1,537.96 February 16, 2024/Futureview Research Click here to download the full report EQUITIES MARKET: Bulls rally as the Nigerian Equities Market sustained the previous day’s momentum to close week’s trading session on a positive note. The NGXASI recorded […]
