Fitch affirms Nigeria’s credit rating stable, raises concerns over $10bn forex loan

Fitch Ratings has affirmed Nigeria’s long-term foreign-currency issuer default outlook at ‘B-‘ with a stable outlook. It said at the weekend that the country’s major strengths are a large economy, a developed and liquid domestic debt market, and large oil and gas reserves. This affirmation came as the Governor of the Central Bank of Nigeria

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