Fitch revises Nigeria’s outlook to positive, affirms ‘B’ rating
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves.
Recapitalisation: 12 insurance firms in tight corner
As the July 31 deadline given to insurance companies to meet the recapitalisation requirement draws near, indications have emerged that some of them may fail to scale through.
CBN, financial markets dealers introduce new money market benchmark
The Central Bank of Nigeria, CBN, and Financial Markets Dealers Associations have introduced the Nigerian Overnight Financing Rate, NFOR, as the new money market benchmark to promote consistent pricing of money market instruments.
Nigeria’s Net Domestic Assets rises 20.3% to N93.8trn
By Peter Egwuatu Nigeria’s Net Domestic Assets (NDA), rose by 21.2 per cent, Year-on-Year (YoY) to N94.742 trillion in February 2026 from N78.177 trillion in the corresponding period of 2025. Net Domestic Assets (NDA) represents the Central Bank of Nigeria (CBN)’s domestic claims, including loans to commercial banks, government securities, and domestic investments, excluding foreign assets. It […]
Inflation rise poses significant risks to business sustainability — LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has said that the uptick in inflation in the month of March poses significant risks to business sustainability. This is coming at the backdrop of the latest headline inflation figure which shows a rise to 15.38% in March 2026, up from 15.06% in February as reported by the National […]
Rising costs: IMF warns of tough times for Nigerians
The International Monetary Fund, IMF, has warned that Nigerians may face tougher economic conditions in the near term as rising food and transportation costs continue to squeeze household incomes amid lingering global shocks.
