Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Agusto & Co. hereby affirms the A(f) rating assigned to Coral Money Market Fund (‘Coral MMF’ or ‘the Fund’).
The rating expires on 15 April 2022 The rating is supported by the Fund’s conservative credit stance in a period...
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Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund
The rating expires on 10 May 2022 Agusto & Co assigns a Bbb-(f) rating to GDL Money Market Fund (‘GDL MMF’ or ‘the...
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Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund
The rating expires on 18 March 2022. Agusto & Co affirms the A-(f) rating assigned to Zenith Money Market Fund (‘Zenith MMF’...
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Agusto & Co. assigns an A-(f) rating to Abacus Money Market Fund.
The rating expires on 27 May 2022. Agusto & Co. assigns an A-(f) rating to Abacus Money Market Fund (“the Fund” or...
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Businesses must accept e-naira payment, CBN warns
The Central Bank of Nigeria says the e-naira which is set to be launched on October 1, 2021, is a...
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AbokiFX: BDCs halt exchange rate publication, naira slides further
The naira defied all interventions and continued sliding against other currencies, exchanging 580 to the dollar at the parallel market...
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Agusto & Co. hereby affirms the AA(IM) rating assigned to ARM Investment Managers Limited
Rating expires 2 June 2022. Agusto & Co. hereby affirms the AA(IM) rating assigned to ARM Investment Managers Limited (“ARM IM” or...
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Agusto and Co. assigns a Aa- fund credit quality rating and an FV3 fund volatility rating to Legacy Debt Fund
The rating expires on 14 June 2022. Agusto and Co. assign an Aa- fund credit quality rating and an FV3 fund volatility...
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Agusto & Co. upgrades the rating of Africa Plus Partners Limited (APPL or ‘the Manager’) to A-(IM).
The rating expires on June 23, 2022. The rating reflects the Manager’s satisfactory research capabilities, extensive deal analysis and good...
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Agusto & Co upgrades the rating of Legacy Money Market Fund (‘Legacy MMF’ or ‘the Fund’) to A+(f).
The rating expires on 30 July 2022. The rating reflects the Fund’s conservative stance and adherence to regulatory requirements in...
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First Bank expands IMTOs to boost diaspora remittances
First Bank of Nigeria Limited says it has increased its network of International Money Transfer Operators to ease the accessibility...
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ABSA Advocates Social Investment Plan from Oil and Gas proceeds
Developing a social investment plan that utilizes proceeds from the oil and gas sector is critical to stimulating impactful growth...
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Customer service boosting financial gains – UBA GMD
The Group Managing Director/Chief Executive Officer, United Bank for Africa Plc, Kennedy Uzoka, has said that the bank recorded significant...
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Power Sector Fails To Reflect 114.3% GDP Growth, Generates 3,221MW
Despite massive interventions which have resulted in a 114.3 per cent growth in GDP growth, the performance of the Nigerian...
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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...
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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...
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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 a stable outlook.
The rating expires on 30 June 2022. Agusto & Co. hereby affirms the ‘A-’ rating assigned to the combined Series...
Read moreAgusto & 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...
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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...
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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...
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First Bank gets recognition
First Bank of Nigeria Limited has been awarded the Private Bank of the Year 2021 by Global Finance, the voice...
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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”...
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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...
Read moreAgusto & 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...
Read moreAgusto & 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...
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