June 5, 2025/CBN Key Highlights In May 2025, majority of the respondents opined that the current inflation rate was high. Most respondents (businesses and Households) identified energy, exchange rate, and transportation as the top three inflation drivers. However, natural disasters, activities of middlemen and infrastructural challenges were perceived as less […]
Updates
DG NCSP Visits Two Chinese Companies, Backs Their Expansion Plans
June 5, 2025 By Cyrena Novia The Director-General of the Nigeria-China Strategic Partnership (NCSP), Joseph Tegbe, has paid working visits to two major Chinese enterprises operating in Nigeria, Golden Diamond Limited and Choice International Group (CIG) as part of efforts to strengthen bilateral trade and industrial cooperation between Nigeria and […]
Moody’s Ratings Upgrades Nigeria’s Ratings to B3 and Changes the Outlook to Stable
June 5, 2025/CSL Research Moody’s Investors Service has upgraded Nigeria’s long-term foreign and local currency issuer ratings to B3 from Caa1, with a stable outlook. This marks a positive turning point for Nigeria’s credit profile, reflecting the country’s strengthening external and fiscal positions. Key reforms have driven this upgrade. The […]
