Author: Marketforces Africa

Nigeria’s top five banks’ combined market valuation has increased to about N3.50 trillion

Opportunities to get funding support await you, but you need to do a few things.

The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas reduced from N4,642.27

Nigeria’s total public debt stock has surged to N49.853 trillion or 108.30 billion dollars, the Debt Management Office

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