Moody’s Investors Service has changed the Government of Nigeria’s outlook to positive from stable and affirmed its Caa1 long-term foreign currency and local currency issuer ratings, and foreign currency senior unsecured debt ratings. Moody’s has also affirmed Nigeria’s foreign currency…
Multichoice has jacked up the prices of its offerings in Nigeria days after announcing a $72 million loss in its financial statement for the third quarter of the year. Checks on the company’s reviewed price list showed a 20 percent…
The Transmission Company of Nigeria (TCN) currently has capacity to transmit 8,100mw of the about 13,000mw of electricity generated. “We are supposed to be able to transmit about 15,000mw, but we are unable to meet this capacity due to weak…
The Nigerian Naira weakened to a new low on the American Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, December 8, amid speculations that the Central Bank of Nigeria (CBN) has again devalued the local currency. In…
…Says Niger, Mali, Burkina Faso alliance won’t weaken ECOWAS resolve for democracy — Tinubu …As ECOWAS announces re-engagement plans, demands short transition strategy …Assures Sierra Leone, Guinea Bissau Presidents support over disturbances Reacting to recent recurring military toppling of civilian…
The National Drug Law Enforcement Agency, NDLEA, said its operatives on Saturday intercepted 12 consignments of cocaine belonging to members of a drug trafficking organisation at the Akanu Ibiam International Airport, AIIA, Enugu. According to the NDLEA, a businessman, Augustine…
The Nigerian Ports Authority (NPA) has attributed infrastructure decay, government policies as some of the reasons hindering the recovery of debts owed the agency. The agency made this known on Sunday in a statement clarifying the probe by the Senate…
By Sodiq Adelakun The Central Bank of Nigeria (CBN) has responded to complaints from Nigerians about a scarcity of Naira notes, stating that there is an adequate supply of the currency. This assurance comes in the face of complaints from…
In a joint effort to reduce the inflationary pressure on Nigeria’s economy, the International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to again hike its Monetary Policy Rate (MPR) Director of Communications, Ms. Julie Kozack speaking…
The Socio-Economic Rights and Accountability Project (SERAP) has demanded accountability from the Nigerian National Petroleum Company (NNPC) Limited on the production and export of Nigeria’s Petroleum products. In a statement, SERAP urged Mr Mele Kolo Kyari, the Group Chief Executive…
