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) […]
OPINION/EDITORIAL
Flash Note: Imposing Limits on IOC Export Proceeds Repatriation; Another Desperate Move to Save the Naira
February 16, 2024/CSL Research In a circular issued yesterday, the Central Bank of Nigeria (CBN) highlighted its observation regarding the transfer of proceeds from crude oil exports by International Oil Companies (IOCs) operating in Nigeria. It noted that these funds are swiftly moved offshore to the parent accounts of the […]
Are OPEC+ Members Ignoring 2024 Production Cuts?
February 16, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices continued their sideways journey, with some bullishness emerging from weak U.S. retail sales swiftly quashed by new escalation in the Middle East, with Israel attacking Rafah and the Houthis expected to retaliate soon. Friday, February 16th, 2024 Oil prices continued their […]
