The ratings affirmation recognises Afreximbank’s strong profile and increasing systemic relevance to the African continent June 21, 2024/Afreximbank Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) for African Export-Import Bank (Afreximbank) at ‘BBB’, with a Stable Outlook. The agency also affirmed the Bank’s Short-Term IDR at ‘F2’ and […]
Updates
AfDB, Infrastructure Credit Guarantee Company Limited Sign $15 Million Agreement to Enhance Infrastructure Financing
InfraCredit is a specialized Nigerian credit guarantee company that mobilizes long-term capital from institutional investors to support infrastructure projects June 21, 2024/AfDB The African Development Bank and Infrastructure Credit Guarantee Company Limited (InfraCredit) have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital base and […]
Intraday Update: Nigerian Stocks Inch Up +0.09%, Driven by Blue Chips
June 21, 2024/InvestmentOne Update ASI as at 12.00pm: +0.09% Top Gainers and Losers: CADBURY (+10.00%), THOMASWY (+9.95%), CUTIX (-8.75%) and RTBRISCOE (-7.46%). Sector Performances: Banking (+0.30%), Consumer Goods (+0.19%), Industrial (-0.01%) and Oil & Gas. Market activity: In today’s trade, total volume and value decreased by 39% and 49% respectively, when compared to this time […]
