By Adedapo Adesanya Credits rating firm, Fitch Ratings, has said the Central Bank of Nigeria (CBN) lacks the capacity to clear the backlog of foreign exchange (FX), adding that the country’s high-interest payment to revenue ratio weighs on its sovereign credit rating. This is coming after the CBN said it would continue working towards settling… Continue reading Nigeria Lacks Capacity to Settle All FX Obligations—Fitch
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