Month: February 2017

FG Closes 20,000 Bank Accounts moves money to TSA

FG Closes 20,000 Bank Accounts moves money to TSA

After the launch of  Treasury Single Account (TSA) in September 2015, the FG closed over 20,000 Bank accounts with a total of N5.24 trillion Naira which belonged to Ministries of Department  and agencies. »

A B+ rating is usually the lowest investment grade rating assigned to a security which signifies Read more at: http://www.vanguardngr.com/2017/02/fitch-rates-nigerias-upcoming-eurobond-b/

Fitch Rates Nigeria’s Upcoming Eurobound B+

Fitch Rates Nigeria’s Upcoming 1 Billion Eurobound B+ According to Fitch Ratings, Monday, Nigeria’s upcoming $1 billion Eurobond is B+ which is the lowest investment grade rating. This grade means that Nigeria’s economy is faulty and therefore would have to pay a higher premium. Paying a higher premium for bond issue is the only way for investors to invest. According to a report from T... »