Browsing: S&P

Nigeria’s Private Sector Growth Drops to 4-Month Low—PMI Despite improved business activity, private sector growth eased to a four-month low,…

S&P Global Ratings has lowered its long-term sovereign credit rating on Kenya to ‘B-‘ from ‘B’ with outlook accorded as stable. At the same time, the global

International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also catalysing the country’s economic development.

Nigeria’s private sector activities downturn deepened in March according to Purchasing Manager Index.

S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings