Business & Economy - Page 4

Moody’s Ratings has revised Nigeria’s sovereign credit outlook from stable to positive while affirming the nation’s long-term foreign and local currency issuer ratings at B3. ​The international credit rating agency issued the announcement in a rating action released on Friday, August 28,

By Edeki Igafe The Niger Delta Development Commission (NDDC) has mobilised two contractors to reconstruct a 15.4-kilometre failed section of the Benin-Sapele Expressway. Speaking on Friday  during the flagged off, Mr Chiedu Ebie, the Chairman of NDDC Governing Board, said that the

The Naira on Friday sustained its weeklong appreciation, strengthening to N1,337.28 against the US dollar at the official foreign exchange market. Data published on the official website of the Central Bank of Nigeria (CBN) showed that the local currency gained N1.29. The

The World Trade Organization (WTO) Director-General, Dr. Ngozi Okonjo-Iweala, has endorsed the fiscal trajectory of Abia State, praising Governor Alex Otti for establishing a transparent financial framework, reducing domestic debt, and prioritizing critical infrastructure. ​Delivered virtually on Thursday, August 27, 2026, during

Organised Labour and prominent Civil Society Organisations (CSOs) have collectively accused the Federal Government and petroleum industry operators of deepening the socio-economic distress of Nigerian citizens through unchecked, recurring increases in petrol pump prices. ​The latest round of price adjustments hit filling

Nigeria will officially rejoin the FTSE Russell Frontier Market index at the open of trading on Monday, September 21, 2026, ending a three-year period in which the market was relegated to “Unclassified” status due to foreign exchange illiquidity and capital repatriation delays.

By Taiye Olayem The Nigerian Exchange Group (NGX Group) says FTSE Russell’s confirmation of Nigeria’s reclassification to Frontier Market status is a major milestone for the country’s capital market. The NGX Group said this in a statement on Friday, describing the development

The Federal Ministry of Finance (FMF) on Thursday honoured 79 retired staff members for their decades of dedicated service to Nigeria’s fiscal and economic development. The retirees were celebrated at a reception organised by the ministry in Abuja for the 2025 and

The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, says Nigeria’s economy has stabilised. Oyedele started this on Thursday while briefing State House correspondents after the 158th meeting of the National Economic Council (NEC) in Abuja. He,