Fitch: Bank loans to government, high CRR put Nigerian Banks at risk
Fitch Ratings has warned that Nigerian banks face rising risks due to their heavy exposure to government debt and burdensome ...
Tag: Fitch Ratings
News and analysis about fitch ratings
Fitch upgrades Wema Bank’s National Rating to A–(nga), outlook raised to positive
Global credit rating agency Fitch Ratings has upgraded Wema Bank’s National Long-Term Rating from BBB(nga) to A–(nga), reflecting improved financial ...
Afreximbank disputes Fitch’s negative outlook, defends financial position in Africa
The African Export-Import Bank (Afreximbank) has challenged Fitch Ratings’ recent decision to revise its outlook on the institution to negative, ...
Africa’s credit rating agency to launch in September as alternative to Fitch, Moody’s
A new Africa-led credit rating agency is set to begin operations by the end of September 2025, aiming to offer ...
Fitch upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, affirms long-term IDR at ‘B’
Global credit rating agency Fitch Ratings has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded ...
Fitch upgrades Cross River state’s credit rating to ‘B’ with stable outlook
Fitch Ratings has upgraded Cross River State’s Long-Term Issuer Default Rating (IDR) to ‘B’ from ‘B-’, assigning a Stable Outlook.
Recapitalisation: Tier 3 banks in Nigeria likely to adopt M&A activity and licence downgrades – Fitch
Fitch Ratings, a leading provider of credit ratings, commentary and research, has said that Nigerian third-tier banks are more likely ...
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 ...
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 ...
