Author: Abdoulaye Kay

“Fidelity’s IDRs are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of ‘b-‘. The VR balances the concentration of operations in Nigeria’s challenging operating environment, high credit concentration and high Stage 2 loans against a growing franchise, sound profitability metrics, good capital buffers and reasonable foreign-currency (FC) liquidity coverage.

Read More

“The SGF, we are sure, knows those whose actions are treasonable and sabotage our economy. Those who loot our treasury around the country, those who divert public resources meant for hospitals and schools; those who are involved in foreign exchange roundtripping: padding of budgets and inflating contracts including those who steal trillions of Naira in the name of subsidies are the real economic saboteurs who commit treasonable felony.

Read More