Fitch raises concerns over $10 billion forex loan, affirms Nigeria’s credit rating to stable
kolaking.substack.com
By Aghogho Udi 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 which the government plans to use to offset forex backlogs and inject liquidity into the system.
Fitch raises concerns over $10 billion forex loan, affirms Nigeria’s credit rating to stable
Fitch raises concerns over $10 billion forex…
Fitch raises concerns over $10 billion forex loan, affirms Nigeria’s credit rating to stable
By Aghogho Udi 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 which the government plans to use to offset forex backlogs and inject liquidity into the system.