Fitch Ratings has downgraded the credit rating of the African Export-Import Bank (Afreximbank) by one notch to BBB-, just above junk status, citing growing credit risks and weak risk management …
The Asset Management Corporation of Nigeria (AMCON) has introduced a fresh strategy aimed at recovering more than ₦4 trillion in outstanding debts owed by various obligors across Nigeria. This new …
Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of N300.4 billion for the first quarter of 2025, reinforcing its reputation as one of Nigeria’s most resilient …
Global credit rating agency, Fitch Ratings, has expressed confidence in the resilience of Nigerian banks, stating that their strong profitability will cushion the impact of the recently imposed windfall tax …