Tag: S&P

Nigerian banks may record high bad loans

Indications have emerged that Deposit Money Banks may record huge non-performing loans next year. Rating agency, Standard & Poor’s, said on Tuesday that the banks might report increased loan losses amid growth in lending. Bloomberg quoted an analyst at S&P, Mr. Matthew Pimie, as saying, “Banks in Nigeria are expected […]

Apple drags on S&P, Nasdaq; Dell jumps after report

The S&P 500 and Nasdaq ended lower on Monday as worries over demand for Apple products drove down its shares and investors braced for earnings disappointments. Running counter to that was Dell Inc’s (DELL) stock which jumped 13 percent to about a five-month high at $12.29 after Bloomberg reported the […]