Tag: Fitch
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Nigerian government’s heavy borrowings from CBN could crash economy – Fitch
The Nigerian government has been advised to reduce its borrowings from the Central Bank of Nigeria (CBN) for funding the budget deficits. In a statement issued on Wednesday, the rating agency said the constant running to the apex bank to get funds “could raise risks to macroeconomic stability.” Just like others in the emerging economies,…
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Global credit likely to stabilize in last quarter of 2017 – Fitch
Global credit growth in 2017 is likely to stabilise following a slowdown in 2016, but remains at a record low since the global financial crisis of 2008, Fitch, a financial rating agency said. In its latest Macro-Prudential Risk Monitor released on Friday, Fitch said that the stability would make the Macro-Prudential risk Indicators (MPI scores)…