Fitch Revises 4 Nigerian Banks' Outlook to Negative; Affirms 10 IDRs
Fitch Ratings has revised the Outlook on 4 Nigerian banks to Negative from Stable and affirmed the Long-Term Issuer Default Ratings (IDRs) of 10 banks and financial institutions.
1M | 3M | YTD | 1Y | 2Y |
-4.80% | +5.29% | +33.12% | +94.50% | +109.36% |
Value Traded (Mln NGN) 5,398.75 |
Volume 257,857,387 |
Transactions 7,173 |
Market Cap. (Bln NGN) 56,292.71 |
Fitch Ratings has revised the Outlook on 4 Nigerian banks to Negative from Stable and affirmed the Long-Term Issuer Default Ratings (IDRs) of 10 banks and financial institutions.
Jaiz Bank Plc, Nigeria’s first Non-Interest Bank is now a public quoted company further to the listing by introduction of its 29,464,249,300 ordinary shares of 50kobo each at N1.25 on The Nigerian Stock Exchange’s (NGSE) Daily Official List on Thursday, February 9, 2017.
The Nigerian Stock Exchange (NGSE) on Tuesday, January 31, 2017, listed by introduction 9.75Billion (9,750,649,400) ordinary shares of Med-View Airline at N1.50 Per Share on its Main Board. Med-View Airline Plc is one of Nigeria’s foremost airlines, airlifting more than 3m passengers and 46m tons of cargo (annually) to 14 local, regional and international destinations, including London, Accra, Jeddah, Abuja, and Lagos amongst others.
MTN Group has said it may postpone plans to list its operation on the Nigerian Stock Exchange (NSE) until 2018, as it is making efforts to resolve a regulatory dispute and awaits an economic recovery.