22 results
- 27 Sept 2021
Fitch Upgrades Bank Of Industry’s National Rating to ‘AAA(Nga)’
Fitch Ratings has upgraded Bank of Industry’s (BoI) National Long-Term Rating to ‘AAA(nga)’ from ‘AA+(nga);’ and affirmed the Nigeria-based bank’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a…
- 2 Jun 2025
Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The…
- 26 Jun 2023
Stanbic IBTC Holdings Gets Fitch’s ‘AAA(nga)’ Rating
Stanbic IBTC Holdings Plc, has received a significant affirmation of its creditworthiness as Fitch Ratings reaffirms its National Long-Term Ratings at ‘AAA(nga)’ with a Stable Outlook. The rating…
- 28 Feb 2013
Lagos State Gets ‘AA (nga)’ Ratings from Fitch
Fitch Ratings, renowned global rating agency, has revised the Outlook on Lagos states’ ‘National Long-term rating’ to Positive from Stable, and subsequently affirmed it at 'AA(nga)'. The agency…
- 13 Sept 2021
Fitch Upgrades Lagos Rating to AAA
Fitch Ratings, an Internationally renowned rating agency, in its recent publication outlining the standing of the State has upgraded Lagos State ratings from AA+ (nga) to AAA(nga) for its good…
- 14 Nov 2013
Key ICT Trends for 2014
“Broadband has become a utility – and Internet of Things will change the playfield” 1.FTTH is a utility. With the emergence of Next Generation Access (NGA) networks soon being on a global scale,…
- 29 Jan 2021
Fitch Assigns ‘B’ Rating To Ecobank Nigeria
The Ecobank Nigeria Limited (ENG), has received a Long-Term Issuer Default Rating (IDR) of ‘B-‘with a Stable Outlook, Viability Rating (VR) of ‘b-‘ and National Long-Term Rating of ‘BBB (nga)’ from…
- 30 Sept 2021
Fitch Affirms Union Bank’s Long-term Issuer Rating at ‘B-, Stable Outlook
Following a comprehensive rating process, Fitch Ratings has affirmed Union Bank’s Long-Term Issuer Default Rating at ‘B- with a stable outlook. The lender’s Long Term National rating was also…
- 19 Oct 2017
NNPC to Stimulate Economic Growth through Aggressive Gas Development- Baru
Dr Maikanti Kacalla Baru, group managing director, Nigerian National Petroleum Corporation (NNPC), has stated that the federal government has mandated the Corporation to pursue an aggressive gas…
- 19 May 2013
Fitch Assigns FBN Holdings Plc 'B' IDR
The London based rating agency, Fitch Ratings has assigned FBN Holdings Plc (FBNH) a Long-term Issuer Default Rating (IDR) of 'B' and Short-term IDR of 'B'. The Outlook on the Long-term IDR is…
- 9 Apr 2020
Stanbic IBTC Retains AAA, F1+ Fitch National Ratings
According to a recent report by Fitch Ratings, a globally-renowned credit rating agency, Stanbic IBTC Holdings PLC and its banking subsidiary, Stanbic IBTC Bank PLC, have retained their National…
- 25 Jun 2025
Fidelity Bank Boosts Staff Morale with Mass Promotions and 20% Pay Raise
Fidelity Bank Plc, one of Nigeria’s top-tier financial institutions, has promoted 376 employees following its recently concluded annual performance review exercise. This represents approximately 12%…
- 11 Jun 2024
Fitch Upgrades Coronation Merchant Bank Rating to ‘B-’, Outlook Stable
Fitch Ratings has upgraded Coronation Merchant Bank Long-Term Issuer Default Rating (IDR) to ‘B-2’from ‘CC’ and its Viability Rating (VR) to ‘b-’ from ‘cc’. Fitch has also upgraded the bank’s…
- 4 May 2022
Copyright Commission, NFVCB to Curb Piracy in Kaduna State
The Nigerian Copyright Commission (NCC) and National Film and Video Censors Board (NFVCB) have committed to exploring inter-agency measure to check copyright piracy in Kaduna State. Mrs Rukayyat…
- 7 Jan 2026
Fidelity Bank Completes N500Bn Capital Raise ahead of Deadline
Fidelity Bank Plc said it has raised the required minimum share capital for lenders with international authorisation, boosting its capital base as Nigerian lenders race to comply with tougher…
- 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…
- 26 Aug 2020
Fitch Affirms Coronation Merchant Bank’s rating @ B-
Coronation Merchant Bank emerged the first and only internationally rated merchant bank in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch assigned the…
- 28 Feb 2021
World Bank Withdraws Funding for Fossil Fuel Projects
Mr. Larry Attah, managing director of the Nigerian Liquefied Natural Gas (NLNG) Limited, has disclosed that the World Bank has hinted of plans to withdraw funding for all forms of fossil fuel…
- 8 Jul 2021
FG Mulls National Gaming Act to Replace National Lottery Act
The Federal Government says all machinery has been put in motion to repeal the National Lottery Act (NLA), 2005. It said that after the repeal of the Act, it would be replaced by the National Gaming…
- 6 Jan 2023
Agusto Upgrades Wema Bank Funding SPV Series II Bond to ‘Bbb+’ with Stable Outlook
Ratings agency Agusto & Co. has upgraded Wema Bank Funding SPV Plc’s Series II Bond to ‘Bbb+’, with a stable outlook, from the previous ‘Bbb’ score. The Issuer is a Special Purpose Vehicle (SPV)…
- 10 Jun 2024
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’
Fitch Ratings has revised the outlook on Fidelity Bank PLC's LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at 'B-'. The credit rating agency has also…
- 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…