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Published on 2/8/2023 in the Prospect News Emerging Markets Daily.

S&P turns Nigerian bank view to negative

S&P said it revised its outlook for several Nigerian banks to negative from stable and affirmed their global ratings.

The weaker outlook reflects the revision in the outlook for Nigeria to negative from stable on Friday, S&P said.

Among the banks are Access Bank plc, Ecobank Nigeria Ltd., First Bank of Nigeria Ltd., Fidelity Bank plc, United Bank for Africa plc and Zenith Bank plc.


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