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Fitch affirms Ecobank Nigeria’s stable outlook

Fitch Ratings has affirmed Ecobank Nigeria Limited’s (ENG) Long-Term Issuer Default Rating (IDR) at ‘B-’ with a Stable Outlook. Fitch has simultaneously upgraded the bank’s National Short-Term Rating to ‘F2(nga)’ from ‘F3(nga).’  According to Fitch, the IDRs of Ecobank Nigeria…

FG to delay fuel subsidy removal by 18 months

Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva stated this during the Saudi Green Initiative Forum to discuss efforts by the world’s top oil exporter to tackle climate change in Riyadh, Saudi Arabia. Nigeria’s government plans to amend…