Updates

Fitch Upgrades Nigeria’s Seven Energy to ‘CC’

Culled—Proshare February 22, 2017/Fitch Ratings Fitch Ratings has upgraded Nigeria-based Seven Energy International Limited’s Long-Term Issuer Default Rating to ‘CC’ from ‘RD’ (Restricted Default) following completion of the consent solicitation for the company’s 10.25% USD300 million senior secured notes due 2021. Simultaneously, Fitch has affirmed wholly owned subsidiary Seven Energy […]

Fitch: FX Market Changes May Help Nigerian Banks

(This statement was made by Fitch Ratings on February 22, 2017) Lagos (INVESTADVOCATE)-Measures announced on 20 February by the Central Bank of Nigeria (CBN) may ease some of the severe foreign currency liquidity pressure faced by the country’s banks, Fitch Ratings says. The most important aspect of the CBN’s announcement […]

Promasidor Upgrades Cowbellpedia Registration Portal, as NECO Reacts to Competition

February 22, 2017/Promasidor Nigeria Ltd Promasidor Nigeria Limited, the sponsor of Cowbellpedia Secondary School Mathematics Television Quiz Show has upgraded the Registration portal for the 2017 edition of the competition. While entry into this competition is FREE, Abiodun Ayodeji, Promasidor’s Category Manager (Dairy) enjoined contestants to register online at www.cowbellpedia.ng. […]