Fitch Ratings: Nigerian banks’ bad loans burden escalating

13 October 2016, Lagos — Amid worsening macroeconomic environment, world’s leading risk rating agency, Fitch Ratings, has said Nigerian banks were experiencing a sharp rise in non-performing loans, NPL. However, the agency added that in isolation, asset-quality deterioration was not yet a negative driver for the 11 commercial banks in Nigeria that are under its […] More »