Moody’s rates Nigeria’s First City Monument Bank, Fidelity Bank & Diamond Bank

PUBLISHED: Wed, 27 Jun 2018 10:11:56 GMT


Moody’s has assigned first-time ratings to three mid-tier Nigerian banks, First City Monument Bank, Fidelity Bank and Diamond Bank which account for about 12 per cent of Nigeria’s banking assets. Akintunde Majekodunmi, Vice President and Banking Analyst at Moody’s joins CNBC Africa to discuss the ratings.

Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.