Moody’s: Nigeria’s debt affordability will remain weak
21 December 2019 |
11:28 am
Research institute, Moody’s, says Nigeria’s debt affordability will remain weak and the country’s revenue is expected to remain low at around 8 per cent of Gross domestic product (GDP) until 2022. Meanwhile, oil producer club, Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to an additional 500,000 barrel supply cut beginning from the first of January. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
Related
4 Aug 2019
Anke Rindermann, associate managing director at Moody’s Corporate Finance Group, discusses how trade tensions are impacting auto sales around the world, a new report from Moody’s on auto sales around the world and how long she sees the headwinds lasting.
21 Dec 2019
Research institute, Moody’s, says Nigeria’s debt affordability will remain weak and the country’s revenue is expected to remain low at around 8 per cent of Gross domestic product (GDP) until 2022. Meanwhile, oil producer club, Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to an additional 500,000 barrel supply cut beginning from the first of January. Victor Aluyi, Head of Portfolio Management at Comercio Partners joins CNBC Africa for more.
20 Jan 2020
Moody's Investors Service says meeting the Central Bank of Nigeria's (CNB) minimum requirement of 65 per cent Loan-to-Deposit ratio will be credit negative for the banks as they expect Nigerian banks to potentially make riskier loans to meet the LDR target by March. Peter Mushangwe, Banking Analyst at Moody’s joins CNBC Africa from London for more.
23 Feb 2020
Moody’s Investors Service says debt burdens have risen across ECOWAS member states raising concerns over debt sustainability in the region. Lucie Villa, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa’s Kenneth Igbomor to discuss the debt concerns in West Africa.
28 Jun 2020
The Togolese government is taking part in the G-20 Debt Service Suspension Initiative, which suspends payments to bilateral Paris Club creditors from the first of May till the end of the year 2020. Ratings Agency, Moody’s says Togo’s participation in the initiative offers short term liquidity relief but poses risks for the private sector. Lucie Villa, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa for more.
9 Jul 2020
Moody’s Investors Service says the longer-lasting negative effects of the COVID-19 pandemic on credit profiles of Africa countries will leave them with diminished capacity to absorb future shocks. Moody’s Vice-President, Kelvin Dalrymple joins CNBC Africa for more.
23 Sep 2020
Moody’s has downgraded Mali's foreign and local currency long-term issuer ratings to Caa1 from B3, and changed its outlook to negative from stable. Aurelien Mali, Vice President and Sovereign Analyst at Moody’s joins CNBC Africa’s Wole Famurewa for this conversation.
26 Oct 2020
Washington has blocked a Russian research center for allegedly building tools that would enable a dangerous computer program capable of causing mass industrial damage. Moscow has slammed the accusations as baseless.
Latest
47 mins ago
Organizers of an LGBTQ Pride parade in Istanbul say 373 arrested there Sunday have been released. But a rights group said the high number of detentions showed the government had "declared war" on the community.
47 mins ago
For the first time in Germany's political history, the lower house of parliament, the Bundestag, includes three lawmakers of African descent. So what do they want to achieve?
47 mins ago
In Germany, a former SS corporal at the Sachsenhausen concentration camp is on trial on charges of being an accessory to murder for the deaths of 3,518 people between 1942 and 1945. The verdict in the trial of 101-year-old Josef Schütz is expected this week. Schütz, who maintains his innocence, is one of dozens of alleged Nazi criminals that German prosecutors are trying to convict before it's too late. Our correspondents report.
3 hours ago
The European Commission is set to present its strategy for a united effort to ensure gas supplies for the coming winter. Meanwhile, the European Council has adopted a plan to ensure gas storage capacity is filled.
3 hours ago
Sports-loving nuns sometimes meet resistance in the church. That doesn't damper the Vatican's female soccer players' enthusiasm.
