Fitch Ratings forecasts a rise in non-performing loans for Nigerian banks in 2024, attributing this trend to soaring interest rates and persistent inflation. In its latest report on Nigeria’s credit ratings, Fitch affirms the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-’ with a Positive Outlook. The agency notes that by the end of … Continue reading Fitch Ratings Anticipates Rise In Non-Performing Loans For Nigerian Banks Amid High Interest Rates And Inflation