Moody Investors Downgrade Nine Nigerian Banks   An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week. The downgraded banks include: Access Bank Plc, Zenith Bank Plc, First Bank of Nigeria Limited, United Bank for Africa...

Nigeria Needs $3trn To Bridge Infrastructure Gap – Report       Global credit rating agency, Moody’s Investors Service, has stated that the infrastructure in Nigeria is behind other emerging market peers, with about $3tn needed over 30 years to close the gap. This was disclosed in the agency’s...

Forex Shortage To Hit $5bn In Nigerian Banks – Moody’s   Nigerian banks’ foreign currency funding gap will rise to $5bn over the current low oil prices, volatile foreign inflows and lower remittances amid coronavirus pandemic, Moody’s Investors Service said on Wednesday. Moody’s, in its July 2020...

Moody’s: Oil Supply Faces Oversupply Risk Oil and natural gas prices will be volatile in 2019, Moody’s Investors Service predicted in its annual report outlining key credit themes in oil and gas for 2019. The report noted that while the recent announcement that OPEC and Russia...