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Nigeria’s rating at risk as debt, financing gap rise-Fitch

June 24, 2020

ABUJA/LAGOS (Reuters) – A sharp rise in Nigeria’s sovereign debt and a ballooning financing gap could trigger a rating downgrade as policymakers in Africa’s biggest economy struggle to deal with the fallout from a coronavirus-induced oil price crash, a director at Fitch said. The global ratings agency downgraded Nigeria to “B” in April with a […]

The post Nigeria’s rating at risk as debt, financing gap rise-Fitch appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)

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