June 23, 2016/Fitch Ratings (Fitch Ratings made the following statement Thursday June 23, 2016) Fitch Ratings-London-23 June 2016: Nigerian banks are sufficiently well capitalised to absorb the impact of the 40% effective devaluation of the naira against the US dollar seen as of yesterday, the third day of trading under […]
Updates
Nigerian Stocks Hit 9-Month High, ASI Climbs to 31,000 Basis Points
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Stock Exchange (NSE) on Wednesday posted its third successive gain following sustained buying interest across major counters as the all share index (ASI) hit a 9-month high and rose to 3.13 percent to close at 31,071.25 points. As the Nigerian equities market […]
AfDB approves USD 245 million to finance Uganda-Rwanda transport project and boosts regional trade in East Africa
22/6/2016/AfDB On Wednesday, June 22, 2016, the African Development Bank approved USD 245 million in loans and grants to the Governments of Uganda and Rwanda to finance a transport project that will boost regional trade and decongest traffic from Kampala (Busega) city to Mpigi. Uganda and Rwanda are landlocked countries […]
