Year: 2024

The naira got dirty as the exchange rate continues to worsen across forex markets amidst zero FX intervention following the Central Bank of Nigeria’s (CBN) strong stance on willing buyer, willing seller policy decision.

GCR Rating has upgraded Wema Bank Plc’s national scale long-term issuer ratings to BBB (NG) from BBB-(NG) and affirmed the short-term issuer rating of A3 (NG); according to its rating note.  The emerging market ratings agency also revised outlook on the bank to stable from Rating Watch Positive.