Culled—-Proshare September 23, 2016/ S & P Global Ratings Overview Nigeria’s economy has weakened more than we expected, owing to a marked contraction in oil production, a restrictive foreign exchange regime, and delayed fiscal stimulus. Consequently, on Sept. 16, 2016, we lowered our long-term ratings on Nigeria to ‘B’ from […]
Updates
World Federation of Exchanges publishes Cyber Resilience Principles
Friday, 23 September 2016/WFE The World Federation of Exchanges (“WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a set of principles around cyber resilience, intended to support and complement guidance already provided by global regulators. The principles have been drafted in consultation with […]
Banking sector profit falls by 28% – Report
September 23, 2016/Punch Oyetunji Abioye The Nigerian banking sector’s profit fell by 28.4 per cent in the 2015 financial year, the just released Afrinvest 2016 Banking Sector Report showed. The report, released in Lagos on Wednesday, indicated that foreign exchange volatility and lower oil price led to a major decline […]
