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Nigeria’s export under threat over US 12.5% tariff, SEREC warns

Nigeria’s export under threat over US 12.5% tariff, SEREC warns

By Providence Ayanfeoluwa The Sea Empowerment & Research Center, SEREC, has warned that the United States’ decision to impose a 12.5 per cent tariff on Nigerian exports could undermine the country’s non-oil export drive, weaken foreign exchange earnings and further expose the fragility of the nation’s economy if urgent countermeasures are not adopted. In a policy […]

Globus Bank Receives Inaugural Fitch Ratings

Globus Bank Receives Inaugural Fitch Ratings

LAGOS, NIGERIA — Globus Bank Limited, a national commercial bank in Nigeria, has been assigned its inaugural credit ratings by Fitch Ratings, one of the world’s foremost global credit rating agencies. The Bank has been assigned a Long-Term Issuer Default Rating (IDR) of ‘B-‘ with a Stable Outlook, a Viability Rating (VR) of ‘b-‘, and […]