Author: Marketforces Africa

MSCI has announced a decision to extend its consultation on the potential reclassification of the Nigeria Indexes

Jaiz Bank Faces Asset Quality Concerns – Ratings Note Fitch Ratings has affirmed Jaiz Bank PLC’s Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook and its Viability Rating (VR) at ‘b-‘. In a report, the rating agency also affirmed the bank’s National Long-Term Rating at ‘BBB+(nga)’ and assigned a stable outlook but note that Islamic lender’s asset quality faces pressures. Jaiz Bank’s IDRs are driven by its standalone creditworthiness, as expressed by its ‘b-‘ VR, Fitch said in its latest report on Nigerian banks.It noted that the viability rating is constrained by the concentration of the bank’s…

Fitch Ratings has placed First City Monument Bank Limited’s Long- and Short-Term Issuer Default Ratings

Nigeria’s bonds average yield slumped to 13.41% following a sustained rally

The Nigeria Immigration Service (NIS) says about 97,000 passport booklets issued were uncollected in the 36 states nationwide

President Bola Ahmed Tinubu on Thursday in Paris says that the ongoing reforms

Jaiz Bank Plc’s market valuation slumped by about 12% in the last seven trading session

The race to the top has started as FBN Holdings hit N600 billion in market valuation

The Nigerian Exchange (NGX) inched higher on Thursday as equities investors position on FBNH, Geregu

Zambia has announced that it has reached an agreement on a comprehensive debt treatment with creditors