Category: nairalaw.com

Moody’s Upgrades Zambia Ratings with Stable Outlook Moody’s Ratings has upgraded the long-term foreign-currency issuer rating of the Government of Zambia to Caa2 from Ca, the long-term local-currency issuer rating…

Jaiz Bank Forecasts N5.5bn Profit for Q3-2024 Jaiz Bank Plc has forecasted N5.517 billion in profit for the third quarter of 2024, according to the Islamic lender’s regulatory filing submitted…

Investors Trim Treasury Bills Holdings as CBN Cuts Rates Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the…

Dangote Sugar Raised N42.79bn from Asset Managers Dangote Sugar Refinery Plc has successfully raised N42.78 billion from the local debt capital market via commercial paper sales to pension and non-pension…

GCR Downgrades Capital Trust over Payments Default GCR Ratings (GCR) has downgraded Capital Trust Investment and Asset Management Limited’s national scale long and short-term issuer ratings to SD(NG) respectively, from…

Moody’s Downgrades Gabon’s Ratings over Fiscal, Liquidity Risks Moody’s Ratings has downgraded the Government of Gabon’s local and foreign-currency long-term issuer and foreign-currency senior unsecured debt ratings to Caa2 from…

High FCY Debt: Fitch Affirms Angola Ratings with Stable Outlook Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook. According to the…

AfDB Inaugurates Initiative to Spur Home-grown Solutions to Debt Challenges The African Development Bank’s (AfDB) African Development Institute (ADI), has inaugurated a programme, the African Debt Managers’ Initiative Network (ADMIN),…

Inflation Rate to Drop in June, CardinalStone Forecasts Nigeria’s multi decade highs hot red inflation is expected to start dropping from the month of June, according to CardinalStone macroeconomic commentary…