Kenya’s rating cut deeper into junk by Moody’s, nears Nigeria’s
Moody’s Investors Service, a global credit rating agency, has downgraded Kenya’s ratings further into the junk territory as domestic financing
Read more
Economics
Nigeria, three others flirting with debt distress: Capital Economics
Nigeria, Kenya, Mozambique and Angola are teetering on the brink of debt distress as their bond spreads are around 1,000
Read more
Naira will weaken to 500 per dollar by Dec: Fitch
Naira is expected to weaken to 500 per dollar on the official market at the end of this year, BMI
Read more
Fitch affirms Nigeria’s rating at ‘B-‘, expects more reforms under Tinubu
Fitch Ratings, a global credit rating agency, has affirmed Nigeria’s long-term foreign-currency issuer default rating (IDR) at ‘B-‘ with a
Read more
Nigeria’s April inflation to hit 22.67% on rising food prices: FDC
The annual inflation rate in Africa’s biggest economy is estimated to increase again in April to 22.67 percent from 22.04
Read more
Why dollar won’t be dethroned by renminbi: Capital Economics
While global fracturing will fundamentally reshape the global economic and financial landscape over the coming decade, the consequences for the
Read more
Nigeria’s business activity rebounds after sinking to record low
Business activity in Africa’s biggest economy rebounded last month after shrinking in February for the first time in 32 months
Read more
Dangote says Africa must dismantle trade barriers to secure future
The President of Dangote Group, Aliko Dangote, has urged African countries to dismantle all barriers hindering trade within the continent
Read more
Dangote Cement’s quarterly sales drop 25% in Nigeria
Dangote Cement Plc said on Friday that its Nigerian operations sold 3.6 million tonnes of cement in the first quarter
Read more
Naira redesign: Nigerians deserve apology from Buhari, Emefiele, says CPPE
The Centre for the Promotion of Private Enterprise has described the naira redesign policy as “a needless disruption of economic
Read more