WebOct 23, 2024 · Moody’s Investors Service has downgraded Nigeria’s local currency and foreign currency long-term issuer ratings as well as its foreign currency senior unsecured debt ratings to B3 from B2, WebNov 21, 2024 · Fitch Ratings - London - 21 Nov 2024: Fitch Ratings has downgraded the Long-Term Issuer Default Ratings (IDRs) of seven Nigerian banks and two bank holding …
Nigeria Ratings & Research
High Debt Service Drives Downgrade:The downgrade to 'B-' reflects continued deterioration in Nigeria's government debt servicing costs and external liquidity despite high oil prices in 2024. Low oil production and the expensive subsidy on petrol have consumed most of the fiscal benefit of high oil prices … See more Fitch's proprietary SRM assigns Nigeria a score equivalent to a rating of 'B-' on the Long-Term Foreign-Currency (LT FC) IDR scale. Fitch's sovereign rating committee did not adjust the output from the SRM to arrive at the final LT … See more Nigeria has an ESG Relevance Score of '5' for Political Stability and Rights as WBGI have the highest weight in Fitch's SRM and are … See more International scale credit ratings of Sovereigns, Public Finance and Infrastructure issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more The principal sources of information used in the analysis are described in the Applicable Criteria. Nigeria does not publish consolidated fiscal data on a general government basis, which complicates our … See more Web2 days ago · -Fitch downgrades Nigeria’s short-term social stability, on Tinubu’s ‘weak’ mandate Chatham House, an independent policy institute based in London, has stated that from its analysis of the February 25 presidential election, it would appear that the Independent National Electoral Commission (INEC) failed to learn new lessons. ... dehydration cyclization
Nigeria: Trust And Turnout Define 2024 Elections - Politics - Nigeria
WebNov 16, 2024 · Nigerian banks to battle FX shortage in 2024 – Fitch. According to the National Bureau of Statistics (NBS), Nigeria’s inflation rate rose to 16.82 percent in April 2024, the highest in eight months compared to 15.90 percent in the previous month. Fitch Ratings, a global credit rating agency, said Tuesday that “things are going to get ... WebNov 12, 2024 · Nigeria’s ‘B-‘ rating is six notches above default and now places at the same level with Africa’s closest oil-producing rival Angola and Ecuador. Fitch Ratings lowered Nigeria’s Long ... WebApr 8, 2024 · We estimate that the CAD will widen to a record level of 4.9% of GDP in 2024, exceeding the historical 'B' median of 4.3%, under our assumption of only modest depreciation of the naira. Nigeria's long-standing current account surplus shifted to a deficit of 4.2% of GDP in 2024 on an upsurge in imports, chiefly of equipment goods. fendi patent leather sandals