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Fitch Upgrades First Bank’s Subordinated Notes to ‘CCC Plus’
Posted on Author Omotola Collins
Fitch Ratings has upgraded First Bank of Nigeria’s (FBN) subordinated notes to ‘CCC+’/’RR5’ from ‘CCC’/’RR5’ and also removed the bank from Rating Watch Positive (RWP). The notes were issued through FBN Finance Company BV, a special purpose vehicle that was created to provide funding for the bank. FBN’s other ratings are unaffected. According to the […]
SA Revenue Service Urges Taxpayers On Filing Compliance
Posted on Author Omotola Collins
The South African Revenue Service has advised individual taxpayers in the country to submit their tax returns latest by Wednesday in order to avoid being sanctioned for late filing of their annual tax returns. According to the tax law, the last day to file individual tax returns without being penalised is Wednesday October 31. Apparently […]
CBN Cautions On Sharing Of Oil Export Earnings
Posted on Author Omotola Collins
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee yesterday cautioned the fiscal authorities on the increasing sharing of of crude oil proceeds by the three tiers of government in view of the need to save and stabilize the economy against future oil price related shocks. This advice was among the key decisions taken by […]