High interest rate, inflation to increase non-performing loans of Nigerian banks – Fitch report
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of ...
Tag: Fitch
Nigeria’s FX reserves reach three-week high, gain $262 million
Following several weeks of a downward trend, Nigeria's foreign exchange reserves have witnessed a marginal resurgence of about $262 million ...
Fitch raises Nigeria’s credit outlook from stable to positive
Global credit ratings agency, Fitch, has revised Nigeria’s long-term credit default rating upward from stable to positive on the back of ...
Fitch forecasts world growth to slow down in 2022
International credit rating agency, Fitch Ratings, has projected that the world's growth would slow down in 2022. This was disclosed ...
Fitch affirms Coronation Merchant Bank’s rating at B-
The Bank was assigned a Long Term IDR of 'B-' with a Negative Outlook by Fitch.
Fitch forecasts that banks’ earnings will be hit hard by CBN’s CRR policy, others
The CRR debits on Nigerian banks have exceeded the N2 trillion mark in 2020 alone.
UPDATE: Fitch downgrades Nigeria’s IDR to “B”, says CBN’s remedial policy not enough
A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.
Banks’ assets under strain after naira depreciation
According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to ...
How the latest Fitch report affects you in 2020
Fitch, an international credit rating organisation, has released an end of year report on the Nigerian economy.
Fitch rates Nigeria lower, blames Buharinomics for economy crisis
Fitch, an international credit rating organisation, has downgraded Nigeria’s economic outlook from stable to negative while affirming the B+ rating. ...
