By Seun Ibiyemi The Federal Government through the Ministry of Finance has dismissed recent media reports alleging that a significant portion of Nigeria’s federation earnings is being diverted or concealed, describing such interpretations as a misrepresentation of findings in the latest Nigeria Development Update by the World Bank. In a statement issued, the Honourable Minister…
Global ratings agency Fitch Ratings has affirmed Nigeria’s sovereign credit rating at ‘B’ with a Stable Outlook, citing ongoing economic reforms, rising foreign reserves and improving macroeconomic conditions. The development was disclosed in a statement by Kamorudeen Yusuf, Personal Assistant on Special Duties to President Bola Ahmed Tinubu. According to the statement, Nigeria’s gross external…
By Seun Ibiyemi Nigeria’s capital market is gaining renewed global investor attention, thanks to improved economic policies, ongoing reforms, and strong market performance, according to Temi Popoola, Group Chief Executive Officer of the Nigerian Exchange Group (NGX). Popoola made the comments on Tuesday during a live interview on BBC Newsday in London, coinciding with President…
