Nigeria

LAGOS, June 26 – Nigeria has accessed the first tranche of its $5 billion financing arrangement with First Abu Dhabi Bank, marking …

LAGOS, June 26 – S&P Global Ratings has raised its forecast for Nigeria’s average inflation rate in 2026 to 16.9%, up from …

ABUJA, June 26 – Nigeria’s state oil company, NNPC, has opened a tender for buyers interested in its new Cawthorne crude grade …

LAGOS, June 25 – African governments are increasingly turning to total return swaps (TRS) as an alternative source of sovereign financing, allowing …

LAGOS, June 25 – Nigeria has commissioned a 505-kilowatt interconnected solar mini grid in Epe, Lagos State, and announced plans to add …

ABUJA, June 25 – The Central Bank of Nigeria (CBN) has launched the CBN Naira Ambassadors Club, a new campaign designed to …

ABUJA, June 24 –The Securities and Exchange Commission (SEC) of Nigeria has directed all capital market operators to immediately stop promoting a …

LAGOS, June 24 – Credit extended to Nigeria’s private sector rose to N81.04 trillion ($59.1 billion) in May 2026, up from N80.59 …

LAGOS, June 24 – The EIB Global, the development arm of the European Investment Bank, and Wema Bank has signed a €50 …

LAGOS, June 23 – Fitch Ratings has warned that Nigeria’s proposed $5 billion Total Return Swap (TRS) financing arrangement with First Abu …