
Nigeria struggles to borrow as creditors close vault over poor ratings
Nigeria is struggling to raise funds from investors following poor credit ratings by two leading providers of corporate credit ratings, Moody’s and Fitch, after they downgraded the country to Category ‘B’ economy. It was learnt that foreign creditors prefer to invest their money in G-7 securities such as the United States, Germany, France, Japan, as high inflation, interest rates scare Read More