S&P upgrades Nigeria outlook from ‘negative’ to ‘stable’ on reforms
S&P Global Ratings revised its outlook on Nigeria to stable from negative on Friday, citing the government's recent reforms. The agency affirmed Nigeria's credit rating...
Naira down to record low on black market
The Nigerian naira plummeted to an all-time low on the black market on Friday, driven by a surge in demand for dollars from people...
Loans, buses, farms….A breakdown of Tinubu’s subsidy ‘palliatives’
President Bola Tinubu gave a televised speech to the nation Monday evening in an effort to address growing discontent over the hardship caused by...
CBN raises interest rate as Tinubu seeks lower borrowing costs
The Central Bank of Nigeria raised its key lending rate by 25 basis points to 18.75% on Tuesday in a bid to tame a...
Governors denied full N1.9 trillion FAAC money; Tinubu creates infra fund
The Federation Account Allocation Committee will not share the entire N1.9 trillion that accrued to the federal, state and local governments in June, the...