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FITCH
Global credit rating agency Fitch Ratings has affirmed Ecobank Nigeria Limited's Long-Term Issuer Default Rating (IDR) at 'CCC'.
Fitch Ratings has upgraded the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of Kaduna, Kogi, Lagos, and Oyo states from ‘B-’ to ‘B’.
Fitch Ratings has assigned Cross River State a 'B-' Long-Term Foreign- and Local-Currency Issuer Default Rating (IDR) and an 'AA-(nga)' National Long-Term Rating, noting the state’s reliance on federal transfers and its growing debt burden.
Credit ratings agency, Fitch has projected that non-performing loans of Nigerian banks will increase in 2024 on the back of high interest rate and inflation in the country.
Following several weeks of a downward trend, Nigeria's foreign exchange reserves have witnessed a marginal resurgence of about $262 million over 19 days.
Global credit ratings agency, Fitch, has revised Nigeria’s long-term credit default rating upward from stable to positive on the back of reforms in the foreign exchange market, oil industry and monetary policy over the past one year.
International credit rating agency, Fitch Ratings, has projected that the world's growth would slow down in 2022. This...
The Bank was assigned a Long Term IDR of 'B-' with a Negative Outlook by Fitch.
The CRR debits on Nigerian banks have exceeded the N2 trillion mark in 2020 alone.
A new report by Fitch has downgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to a 'B' rating.
According to Moody’s Investors Services, the depreciation in Naira will put a strain on the assets of Nigerian banks struggling to raise asset.
Fitch, an international credit rating organisation, has released an end of year report on the Nigerian economy.