Updates

Fitch’s Sovereign Rating on Nigeria on Hold

March 24, 2021/Proshare By FBNQuest Research Fitch last week affirmed its ‘B’ sovereign rating with a stable outlook on the FGN’s long-term, foreign currency obligations. The rating is one notch above S&P’s. A ratings review provides an agency with good access to policymakers and official data, and this is no […]

Heritage Bank joins in World Water Day with installation of borehole

March 23, 2021/Heritage Bank Plc Heritage Bank Plc has joined the rest of the globe to celebrate the World Water Day 2021 with plans to assist a community in dire need of clean water by installing a bore hole. The theme for this year’s WWD 2021 is “Valuing Water,” which […]

IMF Discuss a New SDR Allocation of US$650 billion to Boost Reserves, Help Global Recovery from COVID-19

March 23, 2021/IMF Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement at the conclusion of an informal discussion of the IMF’s Executive Directors on the technical case for a Special Drawing Rights (SDR) general allocation: “I am very encouraged by initial discussions on a […]