PremiumTrust Bank has received dual credit rating upgrades from two Nigerian rating agencies, Agusto & Co. and DataPro Limited. According to Nairametrics, Agusto & Co. raised the bank's long-term rating from BBB+ to A- and its short-term rating from A2 to A1, while DataPro also issued an upgrade. The agencies cited the bank's financial strength, sound risk management, and consistent growth trajectory as the basis for the improved ratings.

According to Nairametrics, Nigeria's business environment maintained an expansion status in June 2026, with a business confidence index of 104.6. However, this represents a slowdown in growth compared to the previous year, as businesses faced challenges from high operating costs, limited credit availability, and infrastructure issues.

The article discusses the potential for an African Credit Rating Agency to address the disadvantages posed by current credit ratings for the continent. It raises concerns about whether such an agency would be perceived as credible or if it would be seen as Africa marking its own homework, reflecting investor scepticism about self-assessment in credit ratings.

According to Techpoint Africa, 81% of small and medium enterprises (SMEs) in Nigeria are optimistic about the upcoming year, driven by their growth ambitions. This positive outlook reflects the resilience and potential of the SME sector in the country as they prepare for future opportunities.

The Nigeria Extractive Industries Transparency Initiative (NEITI) has cautioned that the country's low transparency rating may discourage foreign investment in its oil, gas, and mining sectors. NEITI emphasized the need for enhanced accountability to attract potential investors.

The Manufacturers Association of Nigeria (MAN) has confirmed data from Vanguard Newspaper indicating a 22.5 percent decline in bank credit to manufacturers, amounting to N1.9 trillion. MAN expressed concerns that this decline could negatively impact industrial growth, increase unemployment, and hinder policy implementation, attributing the issue to high interest rates and policy gaps.