Finance Minister Defends Nigeria’s $5bn Abu Dhabi Loan
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has defended the Federal Government’s $5 billion financing ...
Tag: Fitch Ratings
Nigeria Secures $1.5 Billion from UAE Bank as Debate Grows Over New Borrowing Strategy
The Federal Government of Nigeria has received the first $1.5 billion from a $5 billion financing agreement arranged with First Abu Dhabi Bank (FAB), the ...
Nigeria Secures First $1.5 Billion from $5 Billion Abu Dhabi Financing Deal
Nigeria has received the first $1.5 billion from a $5 billion financing agreement with First Abu Dhabi Bank (FAB), marking ...
Wema Bank Earns Higher Fitch Rating as Capital Strength and Profits Improve
Wema Bank Plc has received a major boost to its reputation after global rating agency Fitch Ratings upgraded the bank’s ...
Nigeria’s External Reserves Rise by $551 Million in May 2026 – CBN Data Shows Fragile Recovery
Nigeria’s external reserves have posted a modest recovery in May 2026, signaling renewed but still fragile external stability amid shifting ...
Access Bank Assures Investors of Strong Capacity to Repay $1bn Foreign Debt
Access Bank Plc has been described as financially strong enough to repay its upcoming $1 billion foreign debt obligations due ...
Afreximbank Secures 800 Million Dollars Despite Rating Concerns
The African Export Import Bank has announced that it successfully raised over 800 million dollars from international financial markets in ...
Afreximbank Raises $2 Billion in Record Syndicated Loan Amid Preferred Creditor Debate
The African Export-Import Bank (Afreximbank) has raised $2 billion through a three-year dual-tranche syndicated loan, marking the largest deal of ...
Fitch Affirms Ghana’s B- Rating with Stable Outlook
Fitch Ratings has affirmed Ghana’s long-term debt rating at ‘B-‘, maintaining a stable outlook and signalling cautious confidence in the ...
Fitch Pulls Afreximbank Ratings, Downgrades Credit
Fitch Ratings has formally withdrawn all its credit ratings and analytical coverage of the African Export-Import Bank (Afreximbank), a move ...
