NDIC calls for vigilance by depositors on choice of financial institutions to bank with

WorldStage Newsonline–  The Nigeria Deposit Insurance Corporation (NDIC) has embarked on various public awareness campaigns explaining the roles and responsibilities of customers to their banks, and vice versa, as part of efforts to further enhance stability in the financial system in subsequent periods, and forestall the re-occurrence of disappointments.

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GTBank is best in Nigeria, Sierra Leone

Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty Trust Bank Plc, was also recognized as the “Bank of the Year Sierra Leone” at the event, which held on November 29, 2018 at the Sheraton Grand London Park Lane, London, United Kingdom.

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Fitch revises outlook on FBNH to positive, affirms at ‘B-

Fitch Ratings has revised the Outlook on the Long-Term Issuer Default Ratings (IDR) of FBN Holdings Plc (FBNH) and its primary operating company, First Bank of Nigeria (FBN) to Positive from Negative and affirmed the IDRs at ‘B-‘. Fitch has also upgraded the National Long- and Short-Term Ratings of FBNH and FBN to ‘BBB(nga)’ from ‘BB+(nga)’ and ‘F2(nga)’ from ‘B(nga)’, respectively. A full list of rating actions is at the end of this rating action commentary.

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