October 25, 2016/Reuters Zimbabwe expects economic growth to quicken to 4.8 percent in 2017 from 1.2 percent this year on improved agriculture production and higher global commodity prices, the Treasury said in a budget strategy document. “Preliminary growth projections for 2017 are at 4.8 percent,” the document said. (Reporting by […]
Updates
Fitch Rates Access Bank’s $300 Million Eurobond ‘B’
24/10/2016/Fitch Ratings (The following statement was made by Fitch Ratings) Fitch Ratings has assigned Nigeria-based Access Bank Plc’s (Access) issue of USD300m 10.5% senior unsecured notes due 2021 a ‘B’ rating. The Recovery Rating is ‘RR4’, which denotes average recovery prospects given default. The notes were issued under the bank’s […]
e-Fraud: CBN moves to tackle N4bn annual losses
25/10/2016/Punch Ozioma Ubabukoh The Central Bank of Nigeria and other key stakeholders in the payment sector have started tackling cases of electronic fraud (efraud) in the country, with the hope of finding a lasting solution. The Chief Executive Officer, Electronic Payment Providers Association of Nigeria, Mrs. Regha Onajite, made this […]
