Moody’s Set To Downgrade These 3 Nigerian Banks, Here’s Why:
Moody’s Investors Service has placed on review for downgrade the long-term ratings of 3 Nigerian banks — Access Bank plc (Ba3/B1 RUR down, b2 RUR down), Sterling Bank plc (B2 RUR down, b3 RUR down) and Bank of Industry (Ba3 RUR down).
NNPC RESTRUCTURES: Meet The New Unit Heads:
Minister of State for Petroleum Resources Dr. Ibe Kachikwu yesterday announced that President Muhammadu Buhari has consented to the restructuring of the Nigerian National Petroleum Corporation (NNPC).
Why the bulls are descending on Africa Prudential:
Africa Prudentials Plc released its 2015 full year results showing earnings per share increased year on year by 18% to 72 kobo per share. The company also reported a 15% hike in revenue to N2.5 billion with growth coming from both its Registrar’s and Investment business.