Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Development Bank of Nigeria Rated AAA, Outlook Stable –GCR GCR Ratings has affirmed Development Bank of Nigeria Plc.’s national scale long- and short-term issuer ratings of AAA(NG) and A1+(NG) respectively, with a stable outlook. According to the rating note, the affirmation of DBN’s ratings reflects the gradual stability in delivery of its mandate, solid capital base, minimal risk exposures and sound liquidity metrics. DBN is a wholesale development finance institution, licensed by the Central Bank of Nigeria (CBN), with the mandate of improving access to financing for the micro, small and medium scale enterprises (MSMEs), by providing wholesale financing, provision…

Read More