March 8, 2017/Heritage Bank Ltd Our attention has yet again been drawn to an online news story on SaharaReporters.com titled, “Heritage Bank sends Ali Baba’s Wife on Loan –Recovery Suspension”. The Management, categorically refutes these claimsand hereby state clearly that Mrs Mary Akpobome remains a valued Executive Director of the […]
Updates
Revisiting the Paradox of Capital: The Reversal of Uphill Flows
Culled—iMFdirect March 7, 2017 by iMFdirect By Emine Boz, Luis Cubeddu, and Maurice Obstfeld Basic economic theory tells us that capital should flow from slow-growing rich countries to faster-growing poor ones in search of higher returns. A decade ago, our former Research Department colleagues Eswar Prasad, Raghuram Rajan, and Arvind […]
Diamond Bank Ratings Affirmed – Ratings Removed from CreditWatch Negative; Outlook Negative
Culled—Proshare March 8, 2017/S & P Global Ratings Diamond Bank’s foreign currency liquidity is easing as the Central Bank of Nigeria improves the supply of U.S. dollar to the market. The bank has managed to maintain its capitalization just above the regulatory minimum, although earnings are vulnerable to ongoing high […]
