Fitch Ratings, an international rating agency, Monday affirmed its Long-term Issuer Default Ratings (IDR) on eight Nigerian banks, even as it downgraded Union Bank of Nigeria Plc (UBN). A statement from Fitch listed the banks whose ratings it maintained to include Zenith Bank Plc, First Bank of Nigeria Limited, United […]
Tag: Nigeria
Pensioners shut Unity Bank over N4.3bn severance package
Banking activities on Monday came to a halt at Unity Bank Plc in Abuja following protests by pensioners of the defunct Bank of the North over their unpaid N4.3bn severance package. The protesters shut the gate of the bank for several hours and prevented workers and customers from gaining access […]
Resort Savings seeks national status, to raise N3.5bn
Resort Savings and Loans Plc has announced plans to change its status from regional to a national mortgage bank after the completion of its ongoing initial public offering and rights issue. The company has on offer 3.2 billion shares of 50 kobo at 51 kobo per share, and one-for-three rights […]
