Moody’s Upgrades Nigeria’s Credit Rating but Warns of Risks from Oil Prices, Inflation
Moody’s Ratings has upgraded Nigeria’s long-term foreign and local currency issuer ratings from Caa1 to B3, citing reforms by the ...
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Tag: #NigeriaEconomy
Nigeria’s Currency in Circulation Hits N5.015 Trillion in April 2025
Nigeria’s currency in circulation (CIC) climbed to N5.015 trillion in April 2025, according to the latest figures released by the ...
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Downstream Price War Between Dangote Refinery and NNPC Sparks Unethical Practices, Hurts Small Fuel Retailers
The intense price war between Dangote Petroleum Refinery and NNPC Retail Limited has sharply reduced petrol prices across Nigeria’s downstream ...
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LCCI Sounds Alarm on Economic Headwinds, Calls for Urgent Policy Reforms
The Lagos Chamber of Commerce and Industry (LCCI), Nigeria’s premier business advocacy group, has issued a strong economic assessment for ...
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FG Reaffirms Commitment to Crude-for-Naira Initiative Despite Temporary Halt
FG Pledges Continuation of Crude-for-Naira Initiative to Support National Economy The Federal Government has reassured Nigerians that the Crude-for-Naira initiative ...
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Nigeria May Soon Exit FATF Grey List Following New Digital Assets Regulation in ISA 2025
Nigeria may soon exit the Financial Action Task Force (FATF) grey list, following the inclusion of digital assets regulation in ...
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Nigeria Records $6.83 Billion Balance of Payment Surplus in 2024, Signaling Economic Revival
Nigeria Achieves $6.83 Billion Balance of Payment Surplus in 2024, Indicating Economic Recovery Nigeria has recorded a balance of payments ...
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Domestic Economy: CBN Facilitates 17.2% Increase in International Payments, Despite Decline in Foreign Exchange Inflows
According to the Central Bank of Nigeria (CBN), international payments facilitated by the apex bank grew by 17.2% year-on-year to ...
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CBN Injects $197.71 Million to Boost Nigeria’s FX Market Amid Global Shocks
The Central Bank of Nigeria (CBN) has injected $197.71 million into the country’s foreign exchange market to ensure liquidity and ...
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Nigeria’s Private Sector Credit Soars 30% YoY to N75.85tn in September 2024
Nigeria’s private sector credit experienced impressive growth in the first nine months of 2024, reaching N75.85 trillion in September. This ...
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