Vulnerability of Nigeria’s economy worsens – Fitch

25 June 2016, Lagos — International rating agency, Fitch Ratings, Thursday downgraded Nigeria’s credit ratings, indicating increased likelihood that the country will not be able to repay its debt obligations. Meanwhile, the naira, Thursday strengthened for the second consecutive day, as the interbank foreign exchange rate dropped to N281.67 per dollar. Citing increased fiscal and […] More »