Browsing: Fitch Ratings

Fitch Ratings has revised Nigeria-based Bank of Industry’s (BOI) outlook to stable from negative

Fitch Revises Nigeria’s Outlook to Stable, Affirms at ‘B’…

Fitch Rates Coronation Merchant Bank ‘B-‘; with Negative Outlook. Fitch Ratings has assigned Nigeria-based Coronation Merchant Bank Limited

Nigeria’s Tax System Hinders progress Boosting Non-Oil Revenue. Shortcomings in design of tax system continue to hindering Federal Government of Nigeria’s progress in boosting non-oil revenue, Fitch Ratings hinted.

Debt Distress Rising in Sub-Saharan Africa, says Fitch. Sub-Saharan Africa (SSA) government debt burdens are rising at a faster pace and to a higher level than for other emerging markets (EM), heightening the risk of further downgrades and defaults, Fitch Ratings says.

Fitch Ratings Estimates 31% Debt to GDP for Nigeria. Fitch Ratings has projected 30.7% debt to gross domestic product (GDP) for Nigeria in 2020, the data is contained in a special report on Sub-Saharan Africa.

Outlook on Sub-Saharan Sovereigns is Negative – Fitch Ratings. Fitch Ratings has maintained that the outlook on Sub-Saharan Sovereign remains negative despite the gradual easing of economic lockdown in the region.

Nigeria to record current account deficits near 4% of GDP – Reports. Experts have estimated that Nigeria will record current account deficits

Oil supply cut will hurt Nigeria’s economy – Fitch Ratings. Fitch, an international rating, agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s external finances.

Pension fund jumps 120% after reform, as analysts see informal sector as threat. Retirement plan is not one of the favourite sides of an average Nigerian, but for those working in much organised companies, pension contribution has come to stay.