Fitch Ratings has said that although global growth prospects for 2023 have improved significantly since December, the impacts of rate hikes on the real economy still lie ahead and are likely to push the US…
Nigeria’s Islamic finance industry will hold its growth trajectory in 2023-2024, driven by the government’s sukuk issuances and policy push, Fitch Ratings said in a report released yesterday The Central Bank of Nigeria has set…
Fitch Ratings has trimmed the world’s Gross Domestic Product (GDP) growth rate by 0.5 percentage points (pp) from its June estimate to 2.4 per cent as the European gas crisis, high inflation and tighter monetary…
Tony Chukwunyem
Nigeria’s dependence on oil revenue, which represents about two-thirds of Federation Account Allocation Committee (FAAC) transfers for states and local governments, constrains the ability of state to mobilise Internally Generated Revenue (IGR) and to tap…
Tony Chukwunyem
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a stable outlook. In a statement released yesterday, the rating agency said that Nigeria’s ‘B’ rating is supported by: “The large…
Tony Chukwunyem
…says govt’s 2021 fiscal projections ‘broadly realistic One of the world’s top credit rating agencies, Fitch Ratings, has said that the Federal Government’s continued dependence on funding from the Central Bank of Nigeria (CBN) to…
Citing losses from the coronavirus (COVID-19) pandemic, Fitch Ratings has said that the outlook for the global reinsurance sector remains negative for 2021. In a new report, the credit rating agency said that the mounting…
The Central Bank of Nigeria’s (CBN) Cash Reserve Ratio (CRR) policy and other such measures introduced by the apex bank will negatively impact lenders’ earnings, Bloomberg reported Fitch Ratings as saying yesterday. According to the…
