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Economy
Fitch Ratings has revised the outlook on Nigeria’s Long-Term Issuer Default Ratings (IDRs) to positive from stable and affirmed the IDRs at ‘B’.
NESG, FG Call for Actionable Solutions to Translate Economic Reforms…
The Lagos State Government is planning to issue a ₦200 billion bond for investor subscription under the ₦1 trillion
18 Vessels to Berth at Lagos Ports -NPA The Nigerian Ports Authority (NPA) on Monday…
Telecommunications company MTN Nigeria Plc. has announced a plan to raise up to N50 billion from commercial paper sales in the local debt capital market.
The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion
Fitch Ratings has affirmed Nigeria’s credit or long-term foreign currency issuer default rating (IDR) at ‘B-‘ with a positive outlook. The ratings affirmation is supported by the country’s large economy, relatively developed and liquid domestic debt market, and large oil and gas reserves, Fitch said.
In Nigeria’s sovereign Eurobonds market, sell pressure across the short, mid, and long end of the yield curve nudged the average yield…
African Eurobonds have been heated up with increased demand as some central bankers began to slide rates….
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