Stanbic IBTC Capital Limited (Jul 2026)
The company’s earnings profile is strong, predominantly supported by fee and commission income from equity capital market transactions, debt arranging, and advisory services, as well…
Infrastructure Credit Guarantee Company Plc (Jul 2026)
InfraCredit’s competitive strength is underpinned by its brand franchise and developmental role in providing credit enhancement for local currency debt issued to finance eligible long-term…
WSTC Financial Services Limited (Jul 2026)
WSTC Financial Services Limited (WSTC or the company) is a finance company licensed by the Central Bank of Nigeria (CBN). The company provides lending and…
Nigerian Debt Capital Markets: Macroeconomic stability supports growth (Jul 2026)
Summary • Corporate debt issuances increased by 65.1% in 2025, following a 30.0% decline in the prior year. • Commercial papers accounted for 89.5% of…
Nigeria’s interest rate environment: Implications for corporate entities and borrowing trends (Jul 2026)
Executive summary • The Central Bank of Nigeria (CBN) has maintained a tight monetary policy stance, keeping monetary policy rate (MPR) at 26.50% since February…
GCR Insurance Sector Risk Scores (7 July 2026)
The Insurance sector risk score (ranging from 0 to 15) is a key factor in the operating environment component score. The core of the GCR…
Mecure Industries Plc (Jul 2026)
Mecure has demonstrated a strong revenue growth trajectory over the review period, culminating in a five-year compound annual growth rate of 39% as of 2025.…
Dufil Prima Foods Limited (Jul 2026)
Earnings profile remains a positive rating factor despite increasing pressure on EBITDA. Supported by upward price review and gradual volume recovery, revenue rose to NGN1.1…
FBS Reinsurance Limited (Jul 2026)
FBS Re’s earnings profile is a rating positive and compares favourably with peers, as reflected by the five-year average combined ratio of 86.9% and return…
MTN Nigeria Communications Plc (June 2026)
MTN Nigeria Communications Plc (MTN Nigeria or the company) is Nigeria’s leading telecommunications services provider, accounting for 51.6% of Nigeria’s GSM subscriber base as of…