…As Dangote reassures commencement of petrol production July 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…
Nigeria’s dollar-denominated government bonds fell on Friday ahead of a review of its credit rating by S&P Global, after the West African oil producer was downgraded by another ratings agency, Moody’s, a week earlier. Nigeria’s bonds dropped as much as…
S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank (AfDB) with a stable outlook. The ratings agency said its outlook reflected the expectation that the AfDB would, over the next two years, “prudently…
