Moody’s report sees Diamond Bank’s solvency crisis deepening
Though the Diamond Bank Plc management had denied any form of talks bordering on either buy over or mega loan discussions with any other bank in Nigeria over revelation of its solvency status, the baseline credit assessment (BCA) and adjusted…
Yearly delay in passage of budget reflects weakness of institutions, says Moody’s
Leading global investment analyst group, Moody’s Investors Service has faulted the endless yearly circle of national budget delays, describing the trend as a reflection of the weakness of institutions in the country. Moody’s Senior Analytical Advisor for Africa, Mr. Aurélien…
Fitch back tracks Nigeria’s GDP growth forecast from 1.5 to 1% for 2017
Leading global rating agency, Fitch, weekend cut its 2017 economic growth forecast for Nigeria to one per cent from 1.5 per cent. Though Nigerian economy had returned to growth in the second quarter of 2017 after shrinking by 1.5 per…
Recession exit still shaky as balance sheet remains exposed to shocks – Moody’s
Leading global rating agencies, Moody’s Investors Service, has released its annual credit analysis report, stating that Nigeria’s ‘B2 stable’ credit profile was constrained by the continued exposure of the sovereign balance sheet to shocks, weak institutions and elevated deficits. It…
