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Business Fitch issues warning on profitability of Nigerian banks – Vanguard News
Fitch Rating agency yesterday warned that Nigerian banks will struggle to sustain the same level of profitability this year due to reduction in government borrowing through treasury bills (T-Bills). Last year the federal government introduced a new debt strategy designed to refinance some of its...- curator
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Business Fitch Downgrades Credit Ratings of First Bank, UBA
Fitch Ratings has downgraded First Bank of Nigeria Ltd's (FBN) and United Bank for Africa's (UBA) the Long-Term Foreign Currency Issuer Default Ratings (IDRs) to 'B' from 'B+'. The Outlooks are Stable. The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the...- ProfRem
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