Nigeria
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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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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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...
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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’)...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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