Fitch Ratings
Economy
Nigeria’s Debt Service Reaches $2.86bn in Eight Months – CBN
Nigeria spent $2.86bn servicing external debt between January and August 2025, data from the Central Bank of Nigeria has shown. The figure represents...
News
Nigeria’s Credit Rating Climbs to B Amidst Economic Reforms, Fitch Says
Fitch Ratings has upgraded Nigeria’s long-term foreign currency debt rating to B, signaling increased confidence in the nation’s economic reforms. This move, while...
News
Banks Strengthen Capital Base Amidst Regulatory Requirements
Nigeria banks are demonstrating commendable progress in bolstering their capital reserves to comply with the Central Bank of Nigeria’s (CBN) recently increased capital...
Brands
Fitch Ratings Downgrades Dangote Industries, Cites Liquidity Concerns
Fitch Ratings, an international credit rating agency, has downgraded Dangote Industries Limited (DIL) from a National Long-Term Rating of ‘AA(nga)’ to ‘B+(nga)’ and...