Essayer OR - Gratuit

The Business NG - August 12, 2024

Passez à l'illimité avec Magzter GOLD

Lire The Business NG avec plus de 9 000 autres magazines et journaux avec un seul abonnement

Voir le catalogue

1 mois

$14.99

1 an $149.99

$149.99

$12/month

(OR)

Abonnez-vous uniquement à The Business NG

Cadeau The Business NG

Annulez à tout moment.

(Aucun engagement) ⓘ

Si vous n'êtes pas satisfait de votre abonnement, vous pouvez nous contacter par e-mail à help@magzter.com dans les 7 jours suivant la date de début de l'abonnement pour obtenir un remboursement complet. Sans poser de questions, promis ! (Remarque : Non applicable aux achats à l'unité)

Abonnement numérique

Accès instantané ⓘ

Abonnez-vous maintenant pour commencer instantanément à lire sur le site Web de Magzter, les applications iOS Android et Amazon.

Vérifié Sécurisé

paiement ⓘ

Magzter est un marchand Stripe vérifié.

Dans ce numéro

Fitch Downgrades Union Bank of Nigeria to 'Junk' Status"

Fitch Ratings has downgraded Union Bank of Nigeria PLC's Long-Term Issuer Default Ratings (IDR) to 'CCC' from 'B-', citing a prolonged breach of the bank's total capital adequacy ratio (CAR) requirement of 10% and uncertainties regarding the timeline for restoring compliance.

The downgrade reflects concerns about the bank's viability and ability to meet its regulatory capital requirements. Fitch estimates that Union Bank of Nigeria has breached its CAR requirement due to a significant increase in its regulatory risk reserve, which is deducted from capital for the purpose of capital adequacy computations.

The bank's near-term prospects will depend on continued sound internal capital generation and a timely execution of the recapitalization plan agreed upon by new management with the Central Bank of Nigeria (CBN). Fitch noted that progress is being made in reconstituting the board and the bank continues to operate as a going-concern

The Business NG Description:

Éditeur: Tuns-Media-&-Comm-Enterprise

Catégorie: Newspaper

Langue: English

Fréquence: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level