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 “positive’ as it expects recent...

‎Naira Falls Against Dollar in Black Market ‎The naira continued its downward slide against the US dollar in the parallel market on Friday, May 30, highlighting persistent volatility in Nigeria’s foreign exchange landscape. ‎A source in Abuja’s black market told Economic Confidential that the naira traded...

Cardoso Honored as Central Bank Governor of the Year   Governor of the Central Bank of Nigeria (CBN) Mr Olayemi Cardoso, has been named Central Bank Governor of the Year at the 2025 African Banker Awards held in Abidjan, Côte d’Ivoire. The award was presented at...

Sanusi, Emefiele, and Cardoso: Three Titans! One CBN! Endless Trials! by  Zekeri Idakwo Laruba   From the moment President Bola Ahmed Tinubu unfurled his Renewed Hope agenda, it was clear that Nigeria’s economic governance was in for a seismic shift. Central to that vision is the...

I speak not only as the Chairman of BUA Group - one of Africa’s largest conglomerates, but also as someone who has lived through the complexity of Nigeria’s reforms..

Naira Sheds ₦10 Against Dollar in Parallel Market ‎The naira weakened against the US dollar in the parallel market on Thursday, May 29, reflecting ongoing volatility in Nigeria’s foreign exchange landscape. ‎A source in Abuja's black market told Economic Confidential that the naira was trading at...