30 results
- 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+,…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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)…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 2 Aug 2021
Agusto & Co Assigns ‘AAA’ Rating, Stable Outlook on DBN
Agusto & Co., a credit rating agency assigns an “AAA” rating on the Development Bank of Nigeria Plc, DBN, the highest rating possible on any institution. In summarizing the rating, which…
- 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…
- 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…
- 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…
- 22 Nov 2021
FairMoney MFB Rallies Stakeholders to Investors Conference in Lagos
FairMoney Microfinance Bank, Nigeria’s leading digital bank, has rallied stakeholders in the financial sector to a one day investors conference aimed at discussing the financial technology landscape…
- 22 Jul 2022
Agusto & Co. Assigns “BBB” Credit Rating with a Stable Outlook to Greenwich Merchant Bank
Greenwich Merchant Bank Limited has been rated “BBB” with a Stable Outlook by Agusto & Co.’’ According to Agusto & Co, “this rating reflects Greenwich Merchant Bank’s adequate capitalization,…
- 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…
- 15 Oct 2015
UBA Grows Profits by 44%, Gross Earnings to N247.2Bn in Q3
United Bank for Africa (UBA) Plc, Pan-African financial services group, yesterday, released its 9 months unaudited financial results for 2015 showing a strong 44% rise in profit after tax to N48.6…
- E-Financial18 Aug 2026
Agusto & Co Withdraws A-credit Rating on Geregu Power Over Bond Default
Agusto & Co has withdrawn the ‘A-’ credit rating it assigned to Geregu Power Plc and its N40.09 billion Series 1 Senior Unsecured Bond following the company’s default on the bond’s eighth coupon payment and fourth principal repayment.