Fitch Revises Nigeria’s Outlook to Positive on Reforms
By Oluwakemi Kindness Fitch Ratings has revised Nigeria’s credit outlook to Positive from Stable, citing stronger foreign reserves, moderating inflation and sustained economic reforms. The agency retained Nigeria’s long-term credit rating at ‘B’, saying further improvements will depend on continued progress. The Federal Ministry of Finance announced the decision in a statement signed by Minister […]
Nigeria’s Reserves Hit 17-Year High at $52.5bn – CBN
By Oluwakemi Kindness Nigeria’s foreign exchange reserves have climbed above $52.5 billion, reaching a 17-year high, the Central Bank of Nigeria (CBN) has said. The apex bank said the reserves, as of July 17, 2026, had also exceeded its annual target. The CBN attributed the increase to sustained foreign exchange inflows and renewed investor confidence […]
CBN Retain Rates As Cardoso Says Economy Remains Resilient
By Oluwakemi Kindness The Central Bank of Nigeria (CBN) says the country’s economy remains resilient despite mounting global uncertainties. Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, who srated this on Tuesday after the Monetary Policy Committee (MPC) meeting in Abuja, attributed the performance to reforms implemented by both the fiscal and monetary […]