Nigeria, Africa lose $74.5bn yearly to unfair credit ratings – UN
AI Summary
The United Nations estimates that inaccurate and context-poor sovereign credit ratings cost African countries about $74.5 billion annually. The impact comes from higher borrowing costs and financing opportunities lost, with Nigeria among the countries affected.
The United Nations says inaccurate and context-poor sovereign credit ratings are estimated to cost African countries about 74.5 billion dollars annually through excessive borrowing costs and lost financing. The post Nigeria, Africa lose $74.5bn yearly to unfair credit ratings – UN appeared first on Vanguard News.