Fitch Ratings-London-07 April 2014: Nigeria’s large-scale GDP rebasing has a mixed impact on key sovereign rating metrics, and therefore no automatic implications for Nigeria’s BB-/Stable sovereign rating, Fitch Ratings says. It could, however, boost investor sentiment and that is likely to support the sovereign credit profile over the longer term. […]

West Africa needs to lower tariffs, enable freer movement of goods and services, and deepen integration of its 15 countries to promote growth, Ghana’s President John Mahama said at the Reuters Africa summit. Mahama, who last month took over as chairman of the Economic Community of West African States (ECOWAS), […]

Nigeria’s economy surpassed South Africa’s as the largest on the continent after the West African nation overhauled its gross domestic product data for the first time in two decades. The size of the economy is estimated at 80.3 trillion naira ($491 billion) for 2013, Yemi Kale, head of the National […]