Global credit rating agency, Fitch Ratings has projected that the Central Bank of Nigeria (CBN) would further raise interest rates in the second half of the...
In a vote of confidence for recent economic policies, global rating agency Fitch has revised Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) outlook to “Positive” from...
Global rating agency, Fitch Ratings Inc. has called on the Central Bank of Nigeria (CBN) to adopt more stringent monetary tightening measures to secure macroeconomic stability....
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
First Bank has been given a negative rating by international credit rating agency, Fitch, following the Central Bank of Nigeria (CBN) clampdown on the lender for...
The international credit rating agency, Fitch on Monday projected that Nigeria’s debt to revenue ratio will get worse in 2022. The firm said debt will rise...
Fitch rating agency on Thursday noted that profits of Nigerian Banks may drop in 2018 owing to reduced borrowing from government in form of Treasury Bills....
Though the Nigerian banking system posted fairy good financial results for 2016, despite the recession and other operating harsh conditions, its risk rose the highest in...
Nigeria may not exit its current economic recession soon if it is depending solely on the current rise in the price of crude oil, this is...
One of the international rating agencies, Fitch Ratings, has lowered the rating of the Nigerian-based Bank of Industry (BOI) from B+ to B category. In the...
Global rating agency, Fitch Ratings has revised the outlook on Nigeria’s long-term foreign and local currency issuer default ratings (IDRs) from stable to negative. Fitch however...
The profitability, asset quality, liquidity and capital ratios presently being displayed by Nigerian banks are worrisome, according to Fitch Ratings. The body has ascribed the worrying...
Fitch Ratings Incorporated (Fitch) on Monday affirmed Nigeria’s BB- rating, but revised Nigeria’s credit rating outlook to “Negative”. This decision comes barely a week after another...
