Culled—Proshare April 6, 2020 By FBNQuest Research From the DMO’s quarterly data release, we see that the FGN’s domestic debt service totaled N254bn in Q4 2019, compared with the year-earlier figure of N223bn. This was the first increase on a y/y basis since Q3 2018, which we view in […]
Updates
Fitch Downgrades Nigeria to ‘B’; Outlook Negative
April 6, 2020/Fitch Ratings Fitch Ratings has downgraded Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B+. The Outlook is Negative. Key Rating Drivers The downgrade and Negative Outlook reflect the aggravation of ongoing pressures on Nigeria’s external finances following the recent slump in oil prices and the […]
SEC Boss, Uduk, Elected into IOSCO Board
April 6, 2020/SEC Nigeria The Acting Director General of the Securities and Exchange Commission, SEC, Ms. Mary Uduk has been elected into the board of the International Organisation of Securities Commissions, IOSCO. Ms. Uduk is to represent the Africa/Middle-East Regional Committee, AMERC on the IOSCO board for a period of […]