(Fitch Ratings made the following Statement on Friday September 02, 2016) Fitch Ratings has affirmed Lagos State’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘B+’ with Stable Outlook and Short-Term Foreign Currency IDR at ‘B’. The National Long-Term Rating has also been affirmed ‘AA+(nga)’, with Stable Outlook. […]
Updates
AMF, IMF, World Bank Group launch Report on withdrawal of Correspondent Banking Relationships in the Arab region
Sept 5, 2016/IMF The Arab Monetary Fund (AMF), the International Monetary Fund (IMF) and the World Bank are pleased to announce the publication of a report on the findings of a survey on the withdrawal of Correspondent Banking Relationships (CBRs) in the Arab region. This survey, which was undertaken from […]
CBN’s Nigeria PMI – August 2016 Data: Business Conditions Decline Further
2/9/2016/Cordros Research On Wednesday, the Central Bank of Nigeria (CBN) released its Purchasing Managers’ Index (PMI) Report for the month of August. In what followed the disappointing pattern of decline recorded throughout the first half of the year, both the manufacturing and non-manufacturing PMIs remained below the 50 point expansion […]
