February 16, 2024/US Federal Reserve By Vice Chair for Supervision Michael S. Barr Thank you to Columbia University and the organizers for the opportunity to speak today.1 It has been nearly a year since the sudden failure of Silicon Valley Bank (SVB) and ensuing turmoil in the banking system, events […]
OPINION/EDITORIAL
January 2024 Inflation Report – Food Prices Remain Upbeat
February 16, 2024/InvestmentOne Report Please click to download our January 2024 Inflation Update According to recent Consumer Price Index (CPI) figures released by the National Bureau of Statistics (NBS), inflation has sustained its upward trajectory for the thirteenth consecutive month as of January 2024. The headline inflation rate increased by […]
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) […]
