Nigerians pay off N4.05 trillion personal loans in three months
Personal Loans owed by Nigerians to commercial banks fell from N7.52 trillion in the first quarter of 2024 to N3.47 ...
Tag: Fitch Ratings
News and analysis about fitch ratings
Fitch: Foreign investments depend on FX reforms not higher oil production in Nigeria
Fitch Ratings has stated that the ongoing foreign exchange (FX) reforms are necessary to boost foreign direct investment (FDI) and ...
CBN to further increase interest rates in second half of 2024- Fitch
Global credit ratings agency, Fitch Ratings, has projected further hike in monetary policy rates by the Central Bank of Nigeria ...
30% of Nigeria’s external reserves are FX bank swaps – Fitch
The global credit ratings agency, Fitch, has estimated that approximately 30% of Nigeria’s external reserves are constituted by foreign exchange (FX) ...
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 ...
Bank Recapitalization: M&As could lead to higher entry barriers – Fitch
Global ratings agency, Fitch Ratings has stated that the Mergers and Acquisitions (M&As) that would accompany the bank recapitalisation exercise ...
Nigeria may struggle to get macroeconomic stability without more monetary tightening – Fitch
Fitch Ratings Inc. has underscored the necessity for Nigeria to adopt more stringent monetary tightening measures to secure macroeconomic stability.
CBN is still short of the amount needed to clear forex backlog – Fitch Ratings
Credit ratings agency Fitch stated on Thursday that the CBN continues to face a shortage of foreign exchange to clear the ...
Further regulatory actions on Union Bank may trigger downgrade rating – Fitch
The renowned rating agency, Fitch Ratings, has said that increased regulatory actions or funding instability may lead to a downgrade ...
Fitch raises concerns over $10 billion forex loan, affirms Nigeria’s credit rating to stable
Fitch Ratings has affirmed Nigeria’s long term foreign currency credit default outlook at B- citing recent policies by President Tinubu ...
