Tag: Agusto & Co. Lenders Profit AMCON Central Bank of Nigeria

Nigeria ratings agency upgrades banks on stable outlook

Nigeria’s main ratings agency Agusto & Co. upgraded the country’s banking sector on Thursday by one notch to Bbb from Bb, with a stable outlook, citing improved earnings and capital ratios. In a ratings report on Nigerian banks, the agency said credit growth was gradually returning and risk aversion waning […]