Agusto & Co. assigns a Bb rating and attaches a neutral outlook to Kawai Technologies Limited.
This rating expires 30 June 2022 The assigned rating reflects our opinion on the Company’s low leverage and good profitability...
Agusto & Co. assigns Development Bank of Nigeria Plc’s ‘Aaa’ rating, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby upgrade the rating assigned to Development Bank of Nigeria...
Agusto & Co. affirms the ‘A-’ rating assigned to Union Bank of Nigeria Plc’s ₦13.5 billion combined Series 1 and Series 2 Senior Unsecured Bond Issurance, with h a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘A-’ rating assigned to the combined Series...
Agusto & Co. affirms the ‘Bbb+’ rating assigned to Union Bank of Nigeria Plc.’s ₦30 billion 10-year, 16.2% Fixed Rate, Direct, Unsecured and Subordinated Bond, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘Bbb+’ rating assigned to Union Bank of...
World Bank battles integrity issues, discontinues Doing Business reports
The World Bank Group announced on Thursday that it was discontinuing the ‘Doing Business report’ after data regularities were discovered...
Lagos Freeze Zone Company Raises N10.5bn 20-yr Infrastructure Bond
Lagos Free Zone Company (LFZC), the first free zone in Nigeria with a fully integrated deep seaport, has successfully issued...
First Bank gets recognition
First Bank of Nigeria Limited has been awarded the Private Bank of the Year 2021 by Global Finance, the voice...
Agusto & Co. hereby assigns an “A-“ rating to Axxela Funding 1 Plc’s ₦11.5 billion 7-Year 14.3% Fixed Rate Bond Due 2027 and attach a stable outlook.
This rating expires 31 May 2022. Agusto & Co. hereby assigns an “A-” rating to the Axxela Funding 1 Plc’s (“the Issuer”...
Agusto & Co. affirms the ‘Bbb-’ rating assigned to NOVAMBL Investments SPV Plc’s (‘the Issuer’) ₦10 billion 7-year Fixed Rate Series 1 Subordinated Unsecured Bond, with a stable outlook.
The rating expires on 31 December 2022. Agusto & Co. hereby affirms the “Bbb-” rating assigned to NOVAMBL Investments SPV...
Agusto & Co. upgrades the rating assigned to Axxela Limited to “A-“ and attach a stable outlook.
This rating expires 30 June 2022. Agusto & Co. hereby upgrades the rating assigned to Axxela Limited (‘Axxela’ or ‘the...
Agusto & Co. affirms the ‘Bbb’ rating assigned to Nova Merchant Bank Limited, with a stable outlook.
The rating expires on 31 December 2022 Agusto & Co. hereby affirms the “Bbb” rating of Nova Merchant Bank Limited (‘Nova...
Agusto & Co. affirms Wema Bank Plc’s ‘Bbb-’ rating, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby affirm the “Bbb-” rating assigned to Wema Bank Plc...
Agusto & Co. affirms United Bank for Africa Plc’s ‘Aa-’ rating, with a stable outlook.
The rating expires on 30 June 2022. The rating assigned to United Bank for Africa Plc (‘UBA’ or the ‘Bank’)...
Agusto & Co. affirms FSDH Merchant Bank Limited’s ‘A-’ national rating and assigns a ‘B-’ foreign currency rating, with a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. affirms FSDH Merchant Bank Limited’s (‘FSDH’ or ‘the Bank) national...
Lagos Partners Ikeja Electric to Distribute 20,000 Meters
In a bid to increase power supply and provide uninterrupted power to its residents, the Lagos State Government has announced...
Ten Banks OPEX Hits N932.26bn in H1 2021 Driven by Double-digit Inflation, AMCON Levy, Others
Despite the bountiful profits reported by deposit money banks in the country in their Q2 reports, it has emerged that...
5G, FG’s 70% broadband target will drive foreign investments – Agusto & Co
Agusto & Co recently released its 2021 Telecommunications Industry report, which provided a comprehensive view of the industry, including the impact...
Petroleum Industry Act – A New Era For The Nigerian Oil And Gas Upstream Industry?
Introduced in 2007 to revamp the oil and gas sector, ensure an optimal level of transparency and accountability by strengthening...
Agusto & Co. assigns an ‘A-’ rating and stable outlook to Linkage Assurance Plc.
The rating expires on 30 June 2022. Agusto & Co. assigns an ‘A-’ rating to Linkage Assurance Plc (‘Linkage’, ‘the...
BDCs and $34bn Diaspora Remittances
The CBN should institute a framework that allows BDCs, which have automated their operations, to receive the estimated $34 billion...
Nigeria: Report – How Covid-19 Pushed 11 Distribution Companies’ ATC&C Losses to 51% in 2020
The 11 electricity Distribution Companies (Discos) in Nigeria recorded 51 per cent Aggregate Technical, Commercial and Collection (ATC&C) losses in...
Agusto and Co: The State of the Nigerian Electric Supply Industry
As the Electric Power Industry (the Industry) announced yet another review of electric tariffs in January 2021, after much deliberation...
Agusto & Co. affirms the ‘A’ rating assigned to FBNQ MB Funding SPV Plc.’s ₦5 billion 3-year 10.5% Fixed Rate Senior Unsecured Bond, with a stable outlook
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘A’ rating assigned to the Series 1...
Agusto & Co. affirms the ‘A-’ rating assigned to FBNQ MB Funding SPV Plc.’s ₦8 billion 10-year 6.25% Fixed Rate Subordinated Unsecured Bond, with a stable outlook.
Agusto & Co. hereby affirms the ‘A-’ rating assigned to the Series 2 ₦8 billion 10-year Unsecured Bond (“the Issue”...
Agusto & Co. affirms FBNQuest Merchant Bank Limited’s ‘A’ rating, with a stable outlook.
The rating expires on 30 June 2022. The rating assigned to FBNQuest Merchant Bank Limited (‘FBNQ MB’ or ‘the Bank’)...
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