Moody’s Upgrades Nigeria’s Rating to B3, Cites Improved Reserves   Moody’s has upgraded Nigeria’s rating by a notch to ‘B3’ from ‘Caa1,’ citing significant improvements in the country’s external and fiscal positions. The credit ratings agency revised Nigeria’s outlook to ‘stable’ from...

'Tinubu’s Reforms Bold, But Brought Pains on Citizens, Businesses'   The Lagos Chamber of Commerce and Industry (LCCI) yesterday said President Bola Tinubu’s administration in the last two years has been characterised by bold macroeconomic reforms and significant policy shifts. The LCCI,...

Tax Reforms Not Just About Revenue, Says Presidential Aide   The tax reforms driven by President Bola Tinubu are focused on empowering, supporting and building a better economic future for young Nigerians to thrive, the Senior Special Assistant to the President...

African Airlines Record 13.6% Jump in Passenger Traffic   The International Air Transport Association (IATA) released data for April 2025 global passenger demand with African airlines recording a 13.6% year-on-year increase in demand. Capacity was up 8.9% year-on-year. The load factor was...

NGX Loses N54bn as Bullish Trading Comes to a Halt    The Nigerian Exchange Limited (NGX) lost N54bn in market capitalisation at the close of trading on Thursday, 29 May 2025, ending its recent bullish streak despite a positive breadth with...

Tinubu Orders Reduction in Oil Project Costs   President Bola Tinubu has signed an Executive Order aimed at slashing oil and gas projects’ costs, improving government revenue, and accelerating investment inflow into Nigeria’s energy sector. In a statement issued on Thursday by...