
Moody’s Downgrades 9 Nigerian Banks
Moody’s Investors Service has downgraded all the 9 Nigerian banks that it rates, saying the action follows from its downward review of Nigeria’s rating last week. The banks involved are Access Bank Plc, Zenith Bank Plc, First Bank of Nigeria Limited, United Bank for Africa Plc, Guaranty Trust Bank Limited, Union Bank of Nigeria plc, Fidelity Bank Plc, FCMB (First City Monument Bank) Limited and …
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