30 results
- 5 Mar 2026
GCR Affirms Afreximbank’s International Scale Ratings of A, A2
GCR Ratings (GCR) has affirmed African Export-Import Bank (Afreximbank) international scale long and short-term issuer ratings of A and A2 respectively. The outlook was revised to “Stable” from…
- 23 Jun 2021
MTN Nigeria Gets Highest Possible Credit Ratings from GCR
Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria Communications Plc (MTN Nigeria) to AAA and affirmed the national scale short-term rating of A1+,…
- 26 May 2026
Quest Merchant Bank Strengthens Market Position as GCR Revises Outlook to Stable
Quest Merchant Bank Limited has strengthened its market position following GCR Ratings’ affirmation of the Bank’s national scale issuer ratings of BBB(NG) and A3(NG), alongside an outlook revision to…
- 9 Aug 2021
GCR Assigns Investment Grade Ratings to Greenwich Merchant Bank
Greenwich Merchant Bank Limited has been rated BBB- (NG) Long Term, and A3 (NG) Short Term with a stable outlook by global credit rating agency, GCR Ratings. The assigned rating is premised on…
- 26 Aug 2022
Agusto, GCR Affirm ‘AAA’ Long Term Credit Rating of InfraCredit
For the fifth consecutive year, rating agencies, Agusto & Co (“Agusto”) and Global Credit Ratings (“GCR”) re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited…
- 9 Feb 2022
Sovereign Trust Insurance Gets GCR A Rating
International Credit Rating Agency, Global Credit Rating Limited (GCR) has confirmed Sovereign Trust Insurance Plc as an A rated underwriting firm. The agency gave the confirmation at its 2021 rating…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 31 Dec 2012
Fitch, GCR Give UBA Good Ratings
United Bank for Africa (UBA) Plc, has been given impressive rating by two top world leading rating agencies, Global Credit Rating Co. (GCR) and Fitch Ratings (Fitch). Nasir Ramon, bank’s head of…
- 8 Sept 2022
GCR Upgrades Greenwich Merchant Bank’s Credit Rating to “BBB” With A Stable Outlook
Greenwich Merchant Bank Limited’s Credit Rating has been upgraded from “BBB-“ to “BBB” with a stable outlook by the Global Credit Rating (GCR). This is in addition to the rating “BBB” assigned by…
- 21 Jul 2021
Agusto, GCR Affirm InfraCredit’s ‘AAA’ Long Term Credit Ratings
Rating agencies, Agusto & Co and Global Credit Ratings (GCR) have re-affirmed the “AAA” credit rating of Infrastructure Credit Guarantee Company Limited (InfraCredit), specialised infrastructure…
- 21 Jul 2021
Fitch, GCR Upgrade Afreximbank’s Outlook
African Export-Import Bank (Afreximbank) has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient…
- 18 Jul 2022
Afreximbank Gets its GCR Rating Upgraded to ‘A’
The Global Credit Rating (GCR) has upgraded African Export-Import Bank (Afreximbank) international scale long-term issuer rating from A- to A, with stable outlook. The rating agency also upgraded the…
- 24 May 2021
GCR Upgrades NOVA Merchant Bank’s Rating
Global Credit Rating (GCR) has upgraded NOVA Merchant Bank’s Long Term Issuer Rating from BBB- to BBB with a stable outlook. The reasons given for the upgrade include the Bank’s strong…
- 8 Jul 2026
GCR Upgrades FCMB Asset Mgt Rating on Disciplined Liquidity, Consistent Earnings
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received an upgrade to its national scale long-term and short-term issuer ratings of A(NG) and A1(NG), from…
- 15 Apr 2021
Accelerex Gets Investment Grade Credit Ratings from GCR
Global Accelerex, the Nigerian subsidiary of Accelerex Holdings Mauritius (Accelerex) has been assigned A-Credit rating by Agusto & Co and A2NG (short term, stable outlook) credit rating by…
- 12 Apr 2021
Accelerex Gets Investment Grade Credit Ratings from Agusto & Co, GCR
Global Accelerex, the Nigerian subsidiary of Accelerex Holdings Mauritius (Accelerex) has been assigned A- (stable outlook) credit rating by Agusto & Co and A2NG (short term, stable outlook)…
- 23 Jun 2021
MTN Nigeria Bags CGR Highest Credit Ratings with Stable Outlook
The Global Credit Ratings (GCR) has upgraded the national scale long-term issuer rating of MTN Nigeria to AAA and affirmed the national scale short-term rating of A1+, with a stable outlook. In…
- 17 Oct 2021
Fairmoney Receives Investment Grade Ratings from Global Credit Ratings
FairMoney Nigeria, a digital bank, has obtained investment-grade ratings, BBB (NG) Long Term, and A3 (NG) Short Term with a stable outlook by Global Credit Rating (GCR). The assigned ratings were…
- 14 Apr 2017
FedEx: Invests Over $40m in 97 ‘Global’ Communities
FedEx Corp has announced the online release of its 2017 Global Citizenship Report (GCR), which details how the company connects the world responsibly and resourcefully, showing it invested above…
- 2 Mar 2009
Bank PHB Opens Moneygram Red Shop in Benin
Bank PHB has established exclusive outlets in Benin to cater solely for beneficiaries of Moneygram transactions routed through Bank PHB, to make it easier and more convenient for customers to receive…
- 3 Aug 2022
Global Credit Rating Affirms NOVA Merchant Bank’s Bbb, A3 Ratings
Global Credit Rating has affirmed NOVA Merchant Bank Limited’s national scale long and short-term ratings of BBB(NG) and A3(NG) respectively, with a Stable Outlook. The ratings agency explained that…
- 30 Jul 2021
MTN Nigeria Records N790.3b Increase in Service Revenue in Half –Year Ended 30 June 2021
MTN Nigeria Communications Plc has released its unaudited results for the half-year ended 30 June 2021, as well as plans to celebrate its 20th anniversary with numerous national impact projects.…
- 16 Aug 2021
CapitalSage Raises $4 Million to Pursue Expansion Agenda
CapitalSage Technology Limited, an integrated fintech group in Nigeria, has successfully raised $4 million (N2.2 billion) in a Series 1 Private Company Notes (“PCN”) issuance, under its N10 billion…
- 18 Aug 2022
Shareholders Back Jaiz Bank’s Bid to Raise N150bn Via Sukuk
Shareholders of Jaiz Bank Plc yesterday approved the board’s request to mobilise the sum of N150 billion through the issuance of Sukuk instruments either in full or in series. The capital injection…
- 19 Mar 2019
Afreximbank Urges African SMEs to Engage Factoring to Ease Access to Finance
The African Export-Import Bank (Afreximbank) has urged all African SMEs to engage factoring as a viable and sustainable solution to address the challenge of access to financing for their businesses.…
- 24 Aug 2017
Afreximbank Targets $1Bn to Boost African Trade
Dr. Benedict Oramah, President, Afreximbank, yesterday in Lagos met with leading Nigerian investors to push for strong participation in the bank’s $300 million equity offering. He told investors that…
- 27 Jul 2023
DLM Capital Group Acts as Lead Issuing House, Financial Adviser for DBN Debut Bond Issuance
For the Development Bank of Nigeria's first bond issue, Prominent development investment banking institution, DLM Capital served as both the principal issuing house and the financial consultant.…
- 22 Jan 2024
Afrinvest Commences Issuance of N5Bn Commercial Paper Notes
Afrinvest (West Africa) Limited has announced the launch of its N5 billion commercial paper notes as the Series 1 and Series 2 of its N25 billion commercial paper issuance programme. According to the…
- 3 Sept 2024
Rating Agencies Reaffirm Globus Bank National Credit Rating of A-, Stable Outlook
Globus Bank said Nigeria’s foremost rating agencies, Agusto & Co last month, affirmed its A- rating, describing the bank as “A financial institution of good financial condition and strong…
- 4 Aug 2025
NOVA Bank Deepens Market Presence with New Branches and Regional Focus
NOVA Bank has announced its intention of a strategic shift in its operating license from a national to a regional authorisation, a move, which according to the Bank is aimed at optimising operational…