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The African Export-Import Bank (Afreximbank) has announced the termination of its credit rating relationship with Fitch Ratings, following an internal review of the engagement. The bank made the decision public on Friday, January 23. It explained that the move was informed by concerns that the credit rating exercise no longer reflects an adequate understanding of …

Jaiz Bank Plc has received an upgraded credit rating to A- (long-term) and A1 (short-term), both with a stable outlook. Agusto & Co. Limited, Nigeria’s foremost credit rating agency, upgraded Jaiz Bank’s rating, the bank announced in a statement seen by Pinnacle Daily on Friday, October 24. Jaiz Bank, a pioneer non-interest bank, similarly received …

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