Downgrades by ratings agency Moody’s will make funding more expensive for banks that rely the most on capital markets, while reinforcing the competitive advantage of “safe-haven” banks that can fund themselves from stable customer deposits. Stock and credit markets were nonplussed over Moody’s announcement that it had downgraded 15 of […]
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Partner SEC to rebuild NSE, Bello urges brokers
The Acting Director-General of the Securities and Exchange Commission, Mr. Ibrahim Bello, has urged stockbrokers to ensure that they partner the commission in rebuilding the capital market. Bello gave this advice to the brokers during a visit to the Chartered Institute of Stockbrokers’ office in Lagos on Thursday. Although the […]
Zenith Bank, ETI top Forbes list for companies
Zenith Bank Plc and Ecobank Transnational Incorporated have emerged top among highly rated West African companies listed for an award ceremony by Forbes Africa holding in Lagos soon. A statement made available to our correspondent on Thursday said the event, titled, ‘The Top Listed West African Companies†was a celebration […]
