Tuesday, June 23, 2026

Fitch Ratings

August 7, 2024

Fitch downgrades Dangote’s creditworthiness as Tinubu’s govt, NNPC attack Nigeria’s largest conglomerate

In recent weeks, Dangote Industries Ltd has had its share of run-ins with the Nigerian government.

President Bola Tinubu and Dangote
May 18, 2022

Dangote broke, doesn’t have $1.1 billion needed to complete refinery: Fitch

Fitch Ratings released a company overview for the company, revealing that Mr Dangote invested all of his money and borrowed additional funds to finance the project.

Dangote
January 21, 2021

Buhari’s reliance on printing money to finance Nigeria’s budget dangerous: Fitch

The top rating agency found the CBN funds Buhari’s policies under dubious accounting and opaque balance sheet filings.

CBN Governor Godwin Emefiele and President Muhammadu Buhari