Updates

Fitch: Weak Nigerian Economy Will Endanger Fiscal Consolidation

October 17, 2016/Fitch Ratings Weaker growth will make it harder to contain Nigeria’s rising debt burden, Fitch Ratings says. Fitch has substantially cut its growth forecasts for Nigeria to reflect a weak performance in 1H16 and continuing policy challenges, including implementing the new foreign-exchange regime and delays in the disbursement […]

IOSCO-CPMI Unveils Report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch

October 19, 2016/IOSCO-CPMI The Committee on Payments and Market Infrastructures (CPMI) and the International OrganiSation of Securities Commissions (IOSCO) have today published for public comment a consultative report on Harmonisation of critical OTC derivatives data elements (other than UTI and UPI) – second batch. The report responds to the G20’s […]

Uber Partners FirstBank on Low-Interest Used Vehicle Loans

October 19, 2016/Uber Uber Nigeria today announced that it is now making low-interest, used-vehicle loans available to its top-rated driver-partners. The pioneering move is the result of partnerships entered into between Uber Nigeria and First Bank of Nigeria Limited, as well as smaller financiers. This means that, for the first […]