Credit ratings agency Fitch has sounded the alarm over Nigeria’s economic challenges, highlighting persistent foreign exchange shortages and a soaring debt service-to-revenue ratio as factors contributing to a precarious sovereign credit rating. Gaimin Nonyane, Fitch’s Director of Middle East and Africa Sovereigns, voiced concerns regarding the Central Bank of Nigeria’s (CBN) struggles to amass sufficient … Continue reading Fitch Sounds Alarm Over Nigeria’s Forex Shortages and Soaring Debt: Says it Poses Threats to Economic Stability