When African Export-Import Bank announced that it had formally terminated its credit-rating relationship with Fitch Ratings, the language was unusually
CardinalStone’s central case—an average oil price of about $55 per barrel in 2026—is materially below the Federal Government’s 2026 budget
Nigeria’s fiscal governance is sending mixed and increasingly confusing signals. Taken together, recent developments raise a fundamental question for investors,
In a commentary for The Brookings Institution, Bright Simmons advanced a sharply contrarian position on Africa’s debt debate, arguing that
President Bola Ahmed Tinubu has approved the cancellation of $1.42 billion and ₦5.57 trillion in legacy debts owed by Nigerian
A five-member panel of the Supreme Court, led by Justice Lawal Garba, on Friday ruled in favour of Fidelity Bank
Nigeria has formally launched the ₦4 Trillion Power-Sector Bond Nigeria, a landmark sovereign bond issuance designed to clear verified debts
Africa Finance Corporation (AFC) has closed a landmark US$524 million equivalent dual-currency Samurai term loan facility. The transaction marks AFC’s
Nigeria’s total public debt climbed to N152.39 trillion in the second quarter of 2025, rising from N149.38 trillion in the
Nigeria’s Debt Management Office (DMO) kicked off its monthly retail debt auction on Monday, inviting subscriptions for two Federal Government
Nigeria’s national oil company, NNPLC is carrying crude-backed loan obligations estimated at ₦8.07tn, according to an analysis of the Nigerian
The average yield on Nigerian Treasury bills has dipped to about 17.0 percent, reflecting mounting demand for naira‑denominated assets and growing
Get notified about new articles