March 13, 2017/Punch Ifeanyi Onuba, Abuja The Central Bank of Nigeria will this week inject more dollars into the foreign exchange market as part of efforts to improve the level of liquidity in the interbank market. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okorafor, confirmed the plan to […]
Updates
Fitch: Limited Risk for IHS from Etisalat Nigeria’s Difficulties
(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 […]
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 […]
