Moody’s Investors Service has upgraded Nigeria’s long-term foreign-currency and local-currency issuer ratings from Caa1 to B3, with a stable outlook,
Seplat Energy Plc, the leading Nigerian independent energy firm dual-listed on the Nigerian Exchange Limited (NGX) and the London Stock
Seplat Energy Plc, the dual-listed Nigerian independent energy company, has announced the exchange rate to be used for converting its
The Central Bank of Nigeria (CBN) had a N13.9 trillion ($9 billion) loss on the settlement of overdue derivatives contracts
United Bank for Africa (UBA) reported a 33% year-on-year rise in net profit to ₦189.8 billion in the first quarter
An International Monetary Fund (IMF) team, led by Axel Schimmelpfennig, the mission chief for Nigeria, completed its 2025 Article IV
The Central Bank of Nigeria (CBN) on Friday intervened in the foreign exchange market, injecting $197.71 million to stem the
Nigeria’s broad money supply (M3), which measures the total amount of money available in the economy, surged by 42.76% to
By early 2025, Nigeria’s long-beleaguered currency has staged an unlikely comeback. The naira, following two brutal devaluations, is now among
Nigeria today stands at an economic crossroads, not unlike Brazil in the mid-1990s or India in the early 2000s. Both
Nigeria, Africa’s most populous nation and one of its largest economies, now finds itself at a critical juncture. Despite its
The Nigerian naira has experienced a significant depreciation in the black market, reaching a rate of N1,550 per U.S. dollar
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