Moody’s Investors Service in its annual report released on Monday said that Nigeria’s economic fundamentals will strengthen the recovery, with real growth of 3.3 per cent in 2018 and 4.5 per cent in 2018. The rating agency also said that Nigeria’s (B2 stable) credit profile is constrained by the continued exposure of the sovereign balance […]
Moody has downgraded to B2 from B1, the long-term local currency deposit and issuer ratings of eight banks over weaker capacity of the government to provide support. The eight banks are Access Bank Plc, Guaranty Trust Bank Plc (GTBank), United Bank for Africa Plc (UBA) and Zenith Bank Plc. Others are Union Bank of Nigeria […]
. Nigeria, one of top 10 most improved economies- World Bank .CBN expands Anchor Borrowers’ Programme .Targets extra 2m tonnes from 300,000 rice farmers The Federal Ministry of Finance (FMF), the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO), have vehemently rejected the downgrade of Nigeria’s rating by Moody from a B1 […]