February 15, 2017/Cordros Research The National Bureau of Statistics (NBS) released its Consumer Price Index (CPI) report for the month of January today. The headline inflation accelerated to 18.72% year-on-year (vs. 18.55% in December 2016), 10bps higher than a Bloomberg-compiled median estimate of 18.6%. This marks the 14th consecutive month […]
Updates
AMCON Takes Over OAS Helicopters
Photo Credit: OAS Helicopters 14/2/2017/Sahara Reporters Just five days after the takeover of Arik Air by the Asset Management Corporation of Nigeria (AMCON), the company has taken over one of the leading helicopters companies in Nigeria, Odengene Air-Shuttle Services Limited (AOS). The takeover followed a court injunction obtained by the […]
Fitch Rates Nigeria’s USD Notes ‘B+’
Lagos (INVESTADVOCATE)-(This statement was made by Fitch Ratings on February 14, 2017)-Fitch Ratings has assigned Nigeria’s USD1 billion 15-year 7.875% senior unsecured notes a final rating of ‘B+’. The final rating replaces the expected rating that Fitch assigned on 6 February 2017. KEY RATING DRIVERS The rating is in line […]
