Fitch projects Nigeria’s FX reserves to fall to $47bn by year end despite reforms
GLOBAL credit rating agency, Fitch Ratings, has projected that Nigeria’s external reserves will decline to $47 billion by the end of 2026, despite ongoing foreign exchange (FX) reforms and recent macroeconomic policy improvements. In its latest assessment, the agency affirmed Nigeria’s long term foreign currency issuer default rating at ‘B’ with a stable outlook, noting […]
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