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.
Power supply dips to 4,108MW, contradicts TCN’s peak transmission claim
There is no sign of improved electricity supply to Nigerians as the nation recorded an average power sent out of 4,108MW on December 26, data from the Nigerian Electricity System operator of the Transmission Company of Nigeria, TCN, shows.
ECOWAS to spend $29bn on devt projects in W/Africa
Economic Community of West African States, ECOWAS, has said it had concluded plans for sub-regional development projects worth $29.66 billion for the period 2018 to 2022.
Lagos economy benefits as december records huge spending
The Lagos State economy has received a major boost as spendings in the creative sector records an estimated N50bn cash transactions in the first three weeks of December, according to reports monitored by the Lagos State Government.
Naira appreciates to N360.6/$ in I&E
The naira Thursday appreciated further by 10 kobo to N360.6 per dollar in the Investors and Exporters (I&E) window, buoyed by 76 percent increase in volume of dollars traded.
Arms importation: Customs, agents trade blame over use of scanners at Apapa port
Amidst recent upsurge in the importation of arms and ammunition into the country, maritime industry stakeholders are in tango over usage of scanners at the nation’s seaports.
