Ratings agency Moody’s said on Thursday it has placed First Bank of Nigeria on review for downgrade after the central bank sacked the board of the lender and its parent and appointed new directors.
“The review will focus primarily on an assessment of evolving governance considerations at First Bank, specifically corporate governance developments,” Moody’s said in a statement.
The Nigerian stock market sustained its positive trajectory last week, buoyed by increased portfolio repositioning and renewed investor confidence. The...
The Securities and Exchange Commission (SEC) has cautioned Nigerians against conducting any transactions with Marino FX Limited, highlighting that the...
The Nigerian Exchange (NGX) commenced the week on a bearish note, with the All-Share Index (ASI) declining by 0.74% on...
The Nigerian government has approved the long-awaited sale of ExxonMobil's onshore assets to Seplat Energy, finalizing a $1.28 billion deal...
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