Monthly Archives: June 2022

UAC of Nigeria Plc has informed the Nigerian Exchange Limited, its shareholders and the investing public of the retirement of Dr. Umaru Alka, a Non-Executive Director from the Board of Directors of the Company, effective June 25, 2022. Dr. Alka was appointed to the Board in March 2013 and also served as a member of the Governance […]

The Nigerian stock market on Monday closed on a positive note as the All Share Index grew by 0.50% to close at 51,962.85 points from the previous close of 51,705.61 points. The Market Capitalisation appreciated by 0.50% to close at N28.014 trillion from the previous close of N27.875 trillion, thereby adding N77 billion. An aggregate of 266.5[…]

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook. Fitch also affirmed the Bank’s Viability Rating (VR) at ‘b-‘ and National Long-Term Rating at ‘BBB (nga)’. The rating agency released this rating last week, stating that the Bank’s IDRs are driven by its standalone creditworthiness, as expressed[…]