Author: InvestAdvocate

Moody Changes Ratings for IHS, Seplat and DANGCEM Following Negative Rating on Sovereign Outlook

Culled—Proshare December 9, 2019 by  Moody’s Investors Service Moody’s Investors Service has taken rating actions on three Nigerian non-financial corporates. These rating actions follow Moody’s sovereign outlook change, on 4 December, of the Government of Nigeria’s ratings to negative from stable and affirmation of the B2 long-term foreign-currency and local-currency […]

Outlook for African Banks in 2020 Turns Negative as Operating Conditions Weaken

Culled—Proshare December 9, 2019 by  Moody’s Investors Service  Outlook for African banks in 2020 is negative due to weakening operating conditions and rising asset quality pressures Banks will maintain high exposures to their respective sovereigns, linking their credit profiles to those of their governments The 2020 outlook for African banks […]

International Digital Money Transfer Transactions To Reach 2bn By 2024

Culled—Proshare December 9, 2019 By Juniper Research  A new study from Juniper Research has found that global international digital money transfer transaction volume will reach 2 billion by 2024; up from 1.1 billion in 2019. The new research, Digital International Money Transfer: Key Trends, Player Innovation & Market Forecasts 2019-2024, found that both online […]