May 9, 2024/Fitch Ratings Fitch Ratings has revised the Outlook on Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to Positive from Stable and affirmed the IDR at ‘B-‘. Key Rating Drivers The revision of the Outlook reflects the following key ratings drivers and their relative weights: High Significant Reform: The Positive […]
Updates
IMF Projects Nigeria’s Inflation to Decline to 24% Year-on-Year at End-2024.
May 9, 2024/IMF Nigeria, under its new administration, has set out on an ambitious reform path to restore macroeconomic stability and support inclusive growth. The authorities reformed the fuel price subsidies, unified official foreign exchange windows, and are focused on revenue mobilization, governance, and enhancing the monetary and exchange rate […]
Intraday Update: Nigerian Stocks Gain +0.11%, Buoyed by Blue Chips
May 9, 2024/InvestmentOne Update ASI as at 12.00pm: +0.11% Top Gainers and Losers: LEARNAFRCA (+10.00%), GUINEAINS (+9.68%), PZ (-9.94%) and SOVRENINS (-9.52%). Sector Performances: Banking (+1.65%), Consumer Goods (-0.55%), Oil & Gas and Industrial. Market activity: In today’s trade, total volume and value increased by 141% and 100%, when compared […]
