Fitch Ratings Archives | Nairametrics

Nigerian Stock Exchange, Nigerian Stocks, Daily market summary, NSE, Bourse bows to bears as ASI dip 0.55% on Friday, NSE: Bears dominant reign continues as ASI shed 4.91% on Tuesday, Bearish trend persists at Nigerian Stock Exchange, as investors lose N456 billion, Bears return, Nigeria’s local bourse drops 0.12%, Bears return Nigeria's ASI index down 3.12% Investors lose N370 billion, Bulls lift Nigerian bourse up 0.10%, as trading volume picks up, BUACEMENT, CADBURY, WAPCO Bring the Bears to Party, Investors Lose N198.05 Billion

Stock Market2 weeks ago

Nigerian Stocks 12-day winning streak ends, investors lose N143.75 billion

Market breadth closed negative as BERGER led 21 Gainers as against 31 Losers topped by UNILEVER.

Nigerian banking stocks remain most liquid stocks, as investors gain N25.1 billion, DANGOTE CEMENT, OKOMUOIL and GUINNESS drag Nigerian Stock market down, SEPLAT, GUINNESS, Breaks Nigerian Bourse Support Levels, Investors Lose N49 Billion

Stock Market3 weeks ago

MTN, GTBank record gains, Nigerian Stocks yearly returns now at 0.55%

A total volume of 459.7 million units of shares, valued at N4.30billion exchanged hands in 4,553 deals.

CBN to hold MPC meeting next week, Demand for credit by household increases in Q2 2020 - CBN, CBN grants licenses to 3 Payment Service Banks, Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations, Milk Import: Experts advise CBN on FX restriction , CBN automates trading system, introduces electronic form to facilitate exports , CBN campaigns for Made-in-Nigeria products , CBN recent macroeconomic policies, others lead to a higher Fitch rating; from negative IDR to a stable ‘B’ rating, AGSMEIS: CBN expand beneficiaries to 14,638.

Economy & Politics3 weeks ago

Fitch Ratings: Nigeria clinches a stable ‘B’ Issuer Default Rating

Nigeria has been upgraded by Fitch Ratings in its recent Global Economic Outlook.

Global stocks sell-off persists as resurgence of COVID-19 frighten investors

Stock Market3 weeks ago

GTBank, Total, MTN Nigeria, push investors to gain N119 billion

The overall market capitalization size gained N119 billion to close today at N14.027 trillion.

e-Learning Platform, Africa Development Bank. AfDB develops Index to aid women empowerment , African Development Bank awards $1.1 million to boost food production in Africa , AFDB increases capital to $208 billion in bid to secure Africa’s future , African Investment Forum: AfDB eye $67 billion deals , ECOWAS backs Adewunmi Adesina’s re-election as AfDB election nears , AfDB bows to pressure from U.S., orders an independent probe of Akinwumi Adesina, Fitch rating agency affirms AfDB's AAA rating with stable outlook, Digital Nigeria e-Learning Platform registers 16,000 users in 24 hours - African Development Bank

Business News3 months ago

Fitch Rating agency affirms AfDB’s AAA rating with stable outlook

The ‘AAA’ rating of the AfDB is driven by extraordinary support it receives from its shareholders.

Nigeria’s ratings risk downgrade over rising debt and lower revenue, Godwin Emefiele, CBN, Textile, CBN

Economy & Politics4 months ago

Nigeria’s ratings risk downgrade over rising debt and lower revenue

The Federal Government has been under increasing pressure to reduce its debt and stimulate growth.

Business News6 months ago

Fitch revises national ratings of GTBank, Zenith bank

Fitch Ratings has revised Guaranty Trust Bank Plc's (GTB) and Zenith Bank Plc's National Long-Term Ratings to 'AA(nga)' and 'AA-(nga)', respectively.

Moody’s explains why Nigeria has low growth rate

Business News6 months ago

Moody’s affirms B2 rating for Nigeria, maintains negative outlook

American based credit rating agency, Moody’s Investors Service (Moody’s), in a report released on Wednesday, April 15, 2020, affirmed Nigeria’s B2 long-term issuer ratings.

Q1 2020, Disrupting Nigerian banks, Evolution of Nigerian banks in 59-years , GTB, UBA, Zenith, Access Banks’ salary advance loans, Can a company operate without a website in 2019? , Banks refund N3.09 billion to customers over claims on excess charges, fraud, others , Bank CEOs applaud NCC’s decision to suspend USSD charges, GTBank, Zenith, Access, FBN, 10 others spend over N8 billion on CSR, Banking: Evolving trends in the bankers’ market, GTBank, Access, FBNH, Standard Chartered wrestle over women entrepreneurs , GTBank, Access Bank, Zenith, FBN, 16 others disburse CBN’s N610.4 billion to farmers , Credit to government declines, as Credit to private sector hits N25.8 trillion, Banking sector NPLs down, loans up, Non-Performing Loans in Agriculture, construction, others rose to N143.76 billion, Asset seizure: Banks begins recovery of N6.125 trillion borrowed to the oil sector, Customer Experience: GTB, FCMB, Citibank, others emerge best banks in 2019, Nigeria’s top 5 banks spent more than N40 billion on adverts in 2019, Nigerian banks face risky future over low oil prices, coronavirus, Testing the financial strength of Nigerian banks

Business News7 months ago

Nigerian banks face gloomy future over low oil prices, coronavirus

The crash in crude oil prices globally and the coronavirus pandemic appear to have negative effects on the Nigerian banking industry.

Business News7 months ago

Fitch rates 3 Nigerian banks lower to ‘B’, places others on negative watch

Fitch Ratings has downgraded the three-highest rated banks in Nigeria - Zenith, GTB and UBA to Long-Term Issuer Default Rating (IDR) 'B' and Viability Rating (VR)...