Market breadth closed negative as BERGER led 21 Gainers as against 31 Losers topped by UNILEVER.
A total volume of 459.7 million units of shares, valued at N4.30billion exchanged hands in 4,553 deals.
Nigeria has been upgraded by Fitch Ratings in its recent Global Economic Outlook.
The overall market capitalization size gained N119 billion to close today at N14.027 trillion.
The ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders.
The Federal Government has been under increasing pressure to reduce its debt and stimulate growth.
Fitch Ratings has revised Guaranty Trust Bank Plc's (GTB) and Zenith Bank Plc's National Long-Term Ratings to 'AA(nga)' and 'AA-(nga)', respectively.
American based credit rating agency, Moody’s Investors Service (Moody’s), in a report released on Wednesday, April 15, 2020, affirmed Nigeria’s B2 long-term issuer ratings.
The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking industry.
Fitch Ratings has downgraded the three-highest rated banks in Nigeria - Zenith, GTB and UBA to Long-Term Issuer Default Rating (IDR) 'B' and Viability Rating (VR)...