Moody’s upgrades Nigeria’s credit rating: Tinubu calls it a ‘positive signal for investors’
In a major development for Nigeria's economy, Moody's Investors Service has upgraded the country's long-term foreign-currency issuer rating from Caa1 to B3, now with a Stable Outlook. This update has…
Financial Times: Nigeria’s ‘shock therapy’ economic reforms signal recovery
Two years into the presidency of Bola Ahmed Tinubu, Nigeria is showing early signs of economic recovery after years of stagnation, mismanagement, and insecurity. Though the majority of Nigerians are…
Customs records ₦1.3trn revenue in Q1 2025 amid Tinubu’s reforms
The Nigeria Customs Service (NCS) has achieved a remarkable revenue collection of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same…
China to establish electric vehicle factories in Nigeria, deepen mining sector ties
In a bid to bolster Nigeria’s economic diversification agenda and strengthen bilateral relations, China has announced plans to establish electric vehicle (EV) factories in Nigeria, capitalizing on the country's rich…
DBN to boost financing to ₦1.3trn, create two million jobs in five years
The Development Bank of Nigeria (DBN) has set an ambitious goal to increase its debt and equity capital financing to N1.3 trillion over the next five years. During a media…
‘You’re on the right path’ – World Bank praises FG’s economic reforms, warns about inflation
The World Bank has described Nigeria's Budget 2025 key assumptions, which forecast 2.1 million barrels per day (mbpd) of oil production at a price of $73 per barrel, as ambitious…
Fitch upgrades Nigeria’s rating to ‘B’, outlook stable
Fitch Ratings has upgraded Nigeria's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B-', with a stable outlook. The upgrade reflects increased confidence in the government's commitment to policy…
Name a national export adviser – Ex-finance minister Adeosun tells Tinubu
Kemi Adesosun, Former Minister of Finance, has urged President Bola Tinubu to appoint a National Export Adviser to drive reforms and boost Nigeria’s export sector. Adeosun disclosed this during her…
Tinubu presents ₦49.7trn budget for 2025, prioritises security, education, healthcare | Full text
PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY TO A JOINT SESSION OF THE NATIONAL ASSEMBLYON WEDNESDAY 18TH DECEMBER, 2024 PROTOCOLS:-- The Vice President,…
Presidency: Tax bills wont scrap Tetfund, NASENI, NITDA
| No provision will impoverish the north The presidency has reacted to claims by Governor Umaru Zulum that the tax bills being debated by the national assembly will impoverish the…
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