Year: 2023

GCR Ratings (GCR) has affirmed Fidelity Bank Plc’s national scale long and short-term Issuer ratings of A (NG) and A1 (NG) respectively. However, the lender outlook has been revised to stable from positive, according to the rating note.

Nigeria’s Gross Domestic Product (GDP) grew by 2.54% year-on-year in real terms in the third quarter of 2023, according to the latest report from the statistics office.

Nigeria is seeking to ramp up oil output as the country’s production level continues to increase.  The country’s output has surged following government efforts to curb oil theft and remove bottlenecks in production processes.

The equities market has running high during the intraday trading session as stockholders appear to increase buying momentum on banking stocks. This has triggered positive price movements in banking names, a midday report released by Alpha Morgan Capital Limited shows.