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November 30, 2021

GCR Revises UBA Plc's Long-term National and International Scale Ratings on Criteria Change

GCR Ratings ("GCR") has revised United Bank for Africa Plc's long term national and international scale ratings to AA (NG) and B from AA-(NG) and B respectively on criteria change. At the same time, the national scale short-term rating was affirmed at A1 (NG), with the outlook maintained on Stable.

430 VIEWS

November 30, 2021

NGX Holds Inaugural Capital Markets Conference as Vice-President, Others Laud Digitization Efforts

Nigerian Exchange Limited (NGX) has, at the maiden edition of the capital markets conference, called for increased collaboration among key players in the nation's economy towards driving productive investments that would accelerate an elevated and digitized capital market.

423 VIEWS

November 30, 2021

Marked Decline in FX Inflows Through the Economy in Q2 2021

We see from the CBN's Quarterly Statistical Bulletin (QSB) for Q2 '21 that total fx inflows into the Nigerian economy declined -27% q/q and -16% y/y to USD18.4bn in Q2. This figure is the lowest quarterly inflow since Q1 '17.

367 VIEWS

November 30, 2021

OPECplus Under Pressure as Oil Prices Plunge Again - OIR 301121

Black Friday's price collapse shook the oil market, destroying the bullish sentiment that had been building throughout the month. While prices partially recovered on Monday, they plunged again on Tuesday morning as uncertainty intensified.

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