Thu Sep 22, 2016/Reuters Lafarge Africa said on Thursday it has raised 60 billion naira ($184 million) by issuing three and five-year bonds through book building. The local unit of the world’s biggest cement maker, LafargeHolcim, issued a three-year bond at 14.25 percent to raise 26.38 billion naira and sold […]
Updates
Rating Actions On Nigerian Banks Reflect Sovereign Downgrade and Weakened Economic Environment
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 […]
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 […]
