May 10, 2021/IOSCO To support its work on securities issuers’ sustainability-related disclosures, the Sustainable Finance Taskforce (STF) of the International Organization of Securities Commissions (IOSCO) held two roundtables on 26 April and 7 May 2021– the latter jointly organized with the World Economic Forum (WEF). The objective of the roundtables […]
Updates
Fitch Affirms FBN Holdings’ Ratings at ‘B-‘/Negative After Board Removal by Central Bank
May 10, 2021/Fitch Ratings Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its primary operating subsidiary, First Bank of Nigeria Ltd (FBN), at ‘B-‘ with a Negative Outlook. The affirmation reflects our view that the impact of the Central Bank of Nigeria’s (CBN) […]
Official Reserves Rose by US$60m to US$34.88bn in April 2021
May 10, 2021/Proshare We see from CBN data that official reserves rose by USD60m to USD34.88bn in April. The buffer increased steadily to USD35.26bn mid-month before an equally steady decline in the second half of April. To obtain a fuller picture, we should adjust this gross figure for the pipeline […]
