Moody Archives - DAILY TIMES Nigeria

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Moody projects Nigeria’s real economic growth at 3.3% in 2018

Ihesiulo Grace 5 December 2017 0

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

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Moody downgrades 8 banks’ long-term local currency deposit

Ihesiulo Grace 13 November 2017 0

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 […]

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FG, CBN, DMO reject Moody’s downgrade of sovereign rating

Ihesiulo Grace 9 November 2017 0

. 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 […]

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