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 […]
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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 […]
New Rules: SEC Says Unapproved Issuance Of Securities to Attract N10m Penalty
…SEC Issues New Rules on Issuance and Allotment of Private Companies’ Securities May 9, 2024/SEC Nigeria The Securities and Exchange Commission (SEC Nigeria) has exposed New Rules on Issuance and Allotment by Private Companies Securities declaring that any person who issues or allots securities without its prior approval or violates […]
