June 24, 2016/S & P Global Ratings Culled—-Proshare Diamond Bank has a tight capital position and faces heightened foreign currency liquidity risks due to a lack of access to dependable sources of foreign currency funds. Earnings stability is vulnerable to the economic headwinds in Nigeria and pressure on the Nigerian […]
Updates
First Bank Lowered to ‘B-/C’ On Weak Asset Quality and High Credit Losses
June 24, 2016/ S & P Global Ratings Culled—-Proshare Highlights Economic slowdown and restrictive foreign exchange policy in Nigeria has undermined domestic banks’ creditworthiness. As a result, First Bank of Nigeria’s (FirstBank’s) asset quality has deteriorated markedly in 2015 and credit losses jumped to levels beyond our base-case expectationsWe anticipate […]
Corporate Citizens Need to Make Real Impact on Africa’s Sustainable Development Goals
June 24, 2016/Samsung Electronic Co., Ltd The roll-out of the Sustainable Development Goals (SDGs) comes with a “leave no one behind” strategy that moves from reducing to ending poverty, and one that puts sustainability and growth at its core, believes Abey Tau, Public Affairs and Corporate Citizenship Manager for Samsung […]
