Updates

S&P Global Raises Nigeria’s Outlook to Positive from Stable, Affirms Sovereign Credit Rating at “B-/B”

November 17, 2025/CSL Update S&P Global Ratings has revised Nigeria’s outlook to Positive from Stable, while affirming the country’s “B-/B” long and short term foreign and local currency sovereign credit ratings. The upward revision reflects the increased confidence in Nigeria’s reform agenda, with S&P noting that the country has recorded […]

IOSCO Publishes Consultation Report on Valuing Collective Investment Schemes

November 17, 2025/IOSCO The International Organization of Securities Commissions (IOSCO) today published the Consultation Report (“Report”) on Valuing Collective Investment Schemes (CIS). This report invites comments and feedback from IOSCO members and market participants on a combined set of recommendations. The proposed recommendations will update IOSCO’s 2007 Principles for the […]

Dangote Refinery Says Price Reduction by 5.6% Reduces Pump Prices, Not FG’s Suspension of 15% Import Tariff on PMS, Diesel

November 17, 2025/Dangote Group The attention of Dangote Petroleum Refinery has been drawn to a series of misleading publications claiming that the recent reduction in pump prices by oil marketers is a consequence of the Federal Government’s reversal of the 15 per cent import tariff. This narrative is entirely false, […]