Fitch Ratings

Business

Fitch Warns Climate Risks Could Weaken Nigerian Banks’ Asset Quality

Ogochukwu Onwaeze, THEWILL -
July 9 (THEWILL) — Climate-related risks could increasingly weigh on the financial health of Nigerian banks over the coming decades, with rising exposure to vulnerable sectors likely to weaken credit quality and increase loan losses, according to Fitch Ratings. In...
Business

Fitch Ratings Laments CBN’s Forex Backlog

THEWILL. -
January 21, (THEWILL) - Credit ratings agency, Fitch, has said that the Central Bank of Nigeria (CBN) continues to face a shortage of foreign exchange to clear the forex backlog. The country’s high debt-service-to-revenue ratio is also contributing to a...
Business

Fitch Raises Concerns Over Nigeria’$10bn Forex Loan

Sam Diala, THEWILL -
November 06, (THEWILL) - Fitch Ratings has affirmed Nigeria’s long-term foreign currency credit default outlook at B- citing recent policies by President Tinubu as responsible for the stable outlook. It also raised concerns over the proposed $10 billion forex loan...
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Latest News

NewsFelix Ifijeh, THEWILL -

2027: APC Reopens Nationwide E-Registration, Targets Fresh Membership Drive Ahead of Polls

The exercise, which will cover APC wards across the country, is expected to provide an opportunity for existing members to validate their membership records while opening the door for new members and supporters seeking to join the party.
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