By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-African lender, African Development Bank (AfDB) on Friday said its board of directors has $8.2 million equity investment in Africa’s housing and habitat company, Shelter Afrique, to strengthen its balance sheet and help it achieve its objective of providing quality affordable housing in Africa. “This […]
Updates
Fitch Revises Outlook on 3 Nigerian Banks to Negative; Affirms Ratings
18 Feb 2016/Fitch Ratings (This statement was made by the rating agency on February 18, 2016) Fitch Ratings has revised the Outlooks on the Long-term foreign currency Issuer Default Ratings (IDRs) of First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTB) […]
Wall St. falls with oil; CPI data stokes rate hike talk
Fri Feb 19, 2016/Reuters By Abhiram Nandakumar The Dow and S&P 500 slipped on Friday morning as a renewed slide in oil prices weighed on energy and materials stocks and prospects of a rate hike this year were rekindled by data pointing to firmer inflation trends. The Nasdaq was little […]
