Africa

Nigeria’s downgraded alleged sovereign risk rating

(Codewit.com) On Friday last week, Fitch – an international credit ratings agency – reportedly kept the nation’s sovereign credit rating at BB-minus, while downgrading its credit outlook from stable to negative. Finance Minister Olusegun Aganga roundly condemned the agency’s decision (on Nigeria’s credit outlook) as “unduly punitive,” even as he also crooned that Fitch’s decision […]