In Your Interest
January 28, 2023/Fitch Ratings Nigerian banks have sufficient capital and liquidity buffers to withstand prevailing macroeconomic challenges, providing headroom at their current rating levels, Fitch Ratings says in a new report. Operating conditions for banks will weaken in 2023 due to high inflation, rising interest rates and US dollar […]
January 27, 2023/Coronation Research The latest gross monthly distribution for the Federation Account Allocation Committee (FAAC) to the three tiers of government and public agencies amounted to N990bn in January (from December revenue). This was an increase of 9.8% or N88.1bn from the previous payout (N902bn recorded in November ’22) […]
January 27, 2023/OilPrice.com Tom Kool Editor, Oilprice.com Oil continued to gain momentum this week, and despite fears of a slowdown in economic growth, the reopening of the Chinese economy is providing tailwinds for oil. Oilprice Alert: Whether you are new to the oil and gas industry or an energy market veteran, […]