Fitch Downgrades Union Bank’s Credit Rating Amid Capital Adequacy Concerns

Union Bank Completes Delisting Procedure from NGX

Fitch Ratings has downgraded the long-term issuer default ratings (IDR) of Union Bank of Nigeria, citing concerns over the bank's ...

Dangote Refinery Set to Drive Further Fuel Price Hike in Nigeria.

Dangote Refinery to Sell 12.5% Stake of NNPC Shares to Raise Funds

by Stephen Akudike

August 7, 2024

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The Dangote Refinery has announced plans to sell a 12.5% stake to raise funds, according to a report by Fitch ...

Nigeria’s Gross Foreign Reserve Records the Fourth Decline this Month, Stands at $38.95 Billion

Naira Shows Stability in Official Market, Meeting Fitch Ratings Projections

by Stephen Akudike

June 24, 2024

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The Nigerian naira demonstrated remarkable stability in the official market, maintaining alignment with Fitch Ratings' projections despite fluctuating within the ...

Dollar Index Loses Steam as Treasury Yields Drift Back to 4.8%

Fitch Ratings Projects Naira to Settle at 1,450/$ by December

by Stephen Akudike

June 5, 2024

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International credit rating agency Fitch Ratings has forecasted that the Nigerian currency, the naira, will end the year at 1,450 ...

Tag: Fitch Ratings