August 18, 2023/ S & P Global Ratings S&P Global Ratings revised its outlook on Nigeria to stable from negative on Aug. 4, 2023, based on reform initiatives. We do not rate financial institutions in Nigeria above the sovereign foreign currency sovereign ratings, due to the direct and indirect effect […]
Money Market
The Struggle to Save the Naira
August 18, 2023/CSL Research Since the unification of all the official foreign exchange (FX) windows, the Naira has declined by 61.04% to N745.43/$ as of 17 August 2023 from N462.88/$ (price prior to the new policy) at the I&E Window. However, the real shocks of the policy were witnessed in […]
GCR Affirm Afreximbank’s International Scale Long and Short-term Issuer Ratings of A/A2 and A-, with “Stable” Outlook
August 16, 2023/GCR Ratings GCR noted Afreximbank’s risk position as ratings positive, buttressed by Non-Performing Loans (NPLs) that compare favourably to rated peers and further cited the Bank’s loan book as exhibiting strong recovery fundamentals GCR Ratings (GCR), has affirmed Afreximbank’s international scale long and short-term issuer ratings of A […]
