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Seven Nigerian banks and two bank holding company Long-Term Issuer Default Ratings (LT IDRs) would likely be upgraded if Nigeria’s sovereign LT IDRs (B-/Positive) were upgraded and the entities maintained stable financial profiles. According to Fitch Ratings, the Positive Outlooks on the entities’ ‘B-’ LT IDRs mirror that on theContinue Reading

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Ratings agency, Fitch has pointed out that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements and are meeting the first quarter 2026 deadline, According to the UK-based firm, this is supporting a recovery in capitalisation from the impact of naira devaluation, providingContinue Reading

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