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archiveJuly 12, 2016

CAPITAL MARKETMARKETS

Market reverses losses as ASI appreciates by 0.15%

The equities transactions on the Nigerian Stock Exchange (NSE) closed on a positive note today as the market All-Share Index appreciated by 0.15 per cent to close at 28,857.34 basis points, compared with the 0.14 per cent depreciation recorded on Monday. Its Year-to-Date (YTD) returns currently stands at +0.75 per...
MARKETSMONEY MARKET

Fitch rating affirms Wema Bank as BBB-

Niyi Olaoye Fitch Ratings, a global leader in credit ratings and research, has affirmed the long-term National Rating of Wema Bank at BBB- to reflect the improvement in creditworthiness over time relative to the best credits in Nigeria. In Fitch’s opinion, the banking industry will remain challenging considering volatile and...
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