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Fitch upgrades Lagos ratings to AAA

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Fitch Ratings, an Internationally renowned rating agency, has upgraded Lagos State ratings from AA+ (nga) to AAA(nga) for its good standing in terms of...

Forex liquidity presents risks to Nigerian banks’ ratings – Fitch

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Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on...

Fitch Ratings expresses concern over Nigeria’s $2bn forex demand backlog

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Fitch Ratings has expressed concerns about the state of the naira and rising forex demand backlog estimated at $2 billion. The forex demand backlog stood...

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