Agusto affirms Baobab Nigeria’s ‘Bbb+’ rating

Pan-African credit rating agency Agusto & Co. has affirmed a ‘Bbb+’ rating for Baobab Nigeria, indicating strong financial standing and prudent management practices in Nigeria’s microfinance industry. The rating was announced in a statement issued recently. Baobab Nigeria said it has demonstrated resilience and adaptability despite the challenging macroeconomic environment characterised by high inflation and