(This statement was made by Fitch Ratings on 9/3/2017) Lagos (INVESTADVOCATE)-Fitch Ratings says that IHS Netherlands Holdco BV (IHS, B+/Negative) faces limited risks to its operations in Nigeria following recent press reports that Etisalat Nigeria, a key customer of IHS, had missed a debt payment. We believe IHS may experience […]
Updates
Unity Bank Sues Ex-Militant Tompolo Over N5.3b Debt
12/3/2017/Sahara Reporters Unity Bank Plc has sued a limited liability company, Muhaabix Global Services, owned a former Niger Delta militant, Government Ekpemupolo (aka Tompolo), at a Federal High Court in Lagos to recover a debt of N5,320,953,095.40. Joined as co-defendants in the N5.3 billion debt recovery suit are two ocean-going […]
CBN’s Intervention In Forex Market And The Need To Sustain A Policy That Works
12/3/2017/The Will In the past fortnight, the value of the naira has refreshingly risen against the United States dollar. This development is coming at a time many a stakeholder appear to have lost confidence in the recovery of the local currency with currency speculators going on overdrive. Against this backdrop, […]
