By Obinna Chinma    Skye Bank Plc and Sterling Bank Plc have concluded plans to apply for international and national banking licences respectively. Intercontinental Bank Plc has also restated its commitment to retain its international banking status in whichever arrangement the institution eventually finds itself after the ongoing recapitalisation exercise.     These […]

  (Fitch) Fitch Ratings has revised Nigeria’s rating Outlooks to Negative from Stable. At the same time its ratings have been affirmed at Long-term foreign currency Issuer Default (IDR) ‘BB-‘, Long-term local currency IDR ‘BB’, short term foreign currency IDR ‘B’ and Country Ceiling ‘BB-‘.   “The Outlook revision reflects […]

By Mark Riddix Sunday, October 24, 2010 provided by     During the 2007-2009 financial crisis, the United States economy crumbled because of a problem with mortgage foreclosures. Borrowers all over the nation had trouble paying their mortgages. At the time, eight out of 10 borrowers were trying to refinance their […]