18 Feb 2016/Fitch Ratings (This statement was made by the rating agency on February 18, 2016) Fitch Ratings has revised the Outlooks on the Long-term foreign currency Issuer Default Ratings (IDRs) of First Bank of Nigeria Ltd (FBN), United Bank for Africa Plc (UBA) and Guaranty Trust Bank Plc (GTB) […]
Tag: Nigerian Banks
Dollar scarcity hits Nigerian banks
January 23, 2016/Punch Bank customers are now unable to withdraw dollars from their domiciliary accounts amid worsened scarcity of the currency in the financial services sector, Saturday PUNCH investigation has revealed. With the situation, business persons and individuals are complaining that they cannot get dollars from their banks to do […]
Weak regulation hinders Africa’s banks, says Fitch
The global rating agency Fitch has rated banking regulation in Nigeria, South Africa, Morocco and Kenya among the strongest in Africa. Outside these countries, most banks report according to local accounting standards, and transparency is limited, reports BusinessDay South Africa. The ratings of many African banks incorporate operating risks from […]
