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 […]
OPINION/EDITORIAL
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) […]
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 […]
