CATEGORY: RATING AGENCIES

Boom: Fitch Downgrades Nigeria, Blames CBN Forex Policies

International Rating Agency, Fitch has downgraded Nigeria’s outlook from stable to negative blaming Nigeria’s tight foreign exchange liquidity position....



Bulls Are Back: 4 Reasons Why Nigerian Stocks Are Rallying

Nigerian Stocks gained for the 5th straight day and the 9th day out of 10 days of trading crossing...



Fitch Turns Spin Doctor, As It Reveals Nigeria Is Planning Setup Another AMCON

Just like has been rumoured since the start of the current economic crisis, rating agency, Fitch has hinted that...


Moody’s Stable Outlook for Nigeria: Implication for Equities Market

Ratings Agency, Moody’s has released its latest rating on Nigeria. In a press releases dated December 9, 2016, Moody’s...




Fitch’s Latest Rating On Nigerian Banks Is Damning For First Bank

Rating agency Fitch has issued its latest ratings Nigerian Banks. Fitch reduced the Support Rating Floors of 10 Nigerian...


Rating Agency Moody’s Just Gave Buhari’s Economic Team A Major Booster

Surprise!! Moody’s Says Growth Prospects In Nigeria Is Attractive Despite Forex Crisis DIFC – Dubai, November 16, 2016 —...


Foreign Currency Revaluation Gain Spur Zenith Bank to Growth

Foreign currency revaluation gain has spurred Zenith Bank to recorded a double digit growth in profit thus beating analysts’...


The BRVM becomes the 1st Stock Market for Islamic Finance In Africa with Five Sukuk Listings amounting to $1.3 Billion

ICD (www.ICD-PS.org) is a multilateral organization and a member of the Islamic Development Bank (IDB) Group. The mandate of...




Flash: S&P Issues New Ratings On Nigeria

S&P revises Nigeria sovereign credit outlook up to stable from negative; Current rating is B Expecting a 1% contraction...




What is Credit Rating?

A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company...


Here Is Fitch’s Latest Ratings Of 11 Nigerian Banks And What They Mean

Global Ratings Agency, Fitch during the week issued an update of the credit ratings for about 11 Nigerians banks....


From Bad To Worse: S&P Says Skye Bank Could “Default” In 6 Months

The new board and management of Skye Bank Plc have been saddled with a huge task of turning the...


BOOM: Fitch Downgrades UBA & First Bank

Fitch Ratings yesterdayv downgraded First Bank of Nigeria Ltd’s (FBN) and United Bank for Africa’s (UBA) the Long-Term Foreign...