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On Friday, Moody’s, a worldwide rating agency, revealed on its website that the nation’s rising inflation is putting strain on government spending and increasing the likelihood...
Nine Nigerian banks have been downgraded by an international rating agency, Moody’s Investors Service in its review last week. The banks listed are, Access Bank Plc,...
Due to an unfavourable situation following moody’s downgrade of its long-term foreign-currency and local-currency issuer ratings, many investors have, without hesitation, dumped the Nigerian bonds, Naija...