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Fitch Ratings

2017: Commercial banks rake in N656 billion from fees, commission income

Thirteen commercial banks quoted on the Nigerian Stock Exchange (NSE) raked in N655.669 billion from fees and commission income last year, figures compiled from the full year 2017 audited results have shown.

$2.5 billion Eurobond: Nigeria faces higher debt service cost – Fitch

Nigeria’s issuance of $2.5 billion Eurobond in the first quarter of this year is expected to raise the country’s debt service cost and refinancing risks, Fitch Ratings, said on Wednesday.

Britain to add Naira to list of accepted trade currencies

Britain’s Export Finance Agency will add the Naira to its list of “pre-approved currencies”, allowing it to provide financing for transactions with Nigerian businesses denominated in the local currency.

Fitch upgrades Access Bank’s National Rating to ‘A+’

Fitch Ratings, a leading global rating agency in its latest report, has upgraded Access Bank’s National Long-Term Rating to ‘A+ from ‘A. At the same time, Fitch affirmed the bank’s Long-Term Issuer Default Rating (IDR) at ‘B’.

Nigeria’s economy will be better in 2018 – experts

Fitch Ratings, one of the world’s leading credit rating agencies, and foremost Nigerian economists have uplifting news for Nigerians just a day into 2018. They say the country is not expected to experience another economic recession in the New Year.

Fitch affirms Nigeria ‘B+’ rating, negative outlook

Fitch Ratings Thursday affirmed Nigeria’s long-term foreign currency Issuer Default Rating (IDR) at ‘B+’ with a “negative outlook”.

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